Infineon Licenses MIPS Next-Generation MIPS32 74K Core

Top Semiconductor Company Becomes First Customer After GA to Leverage Embedded Industry's Fastest Processor

MOUNTAIN VIEW, Calif., July 16, 2007 - MIPS Technologies, Inc., (NASDAQ: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications, today announced that blue-chip semiconductor and systems solutions supplier Infineon Technologies AG (FSE/NYSE: IFX) has selected the MIPS32® 74K™ core for its next-generation IC designs. Infineon is the first semiconductor company to license the next-generation 74K core family since the cores became generally available in May 2007. Based on a unique microarchitecture, the MIPS-Verified™ 74K cores are the embedded industry's first fully synthesizable processors to exceed 1GHz in TSMC 65nm process.

The 74K cores deliver superior performance with enhanced DSP capabilities-addressing the requirements of rapidly evolving industry standards such as H.264, 802.11n and WiMAX for unparalleled processing power. Unlike existing solutions that require the use of premium physical IP or costly structured logic and semi-custom design flows to achieve superior performance levels, the 74K processor cores are designed to work with generic standard cells, memories and EDA design flows.

"As designs become increasingly complex and the industry continues to require unprecedented levels of performance and efficiency, our customers need to stay nimble enough to adapt and succeed in a fiercely competitive market." said Brad Holtzinger, vice president of worldwide sales at MIPS Technologies. "We're delighted that Infineon has invested in our breakthrough 74K core technology and look forward to working together on cutting-edge designs that will power a new generation of innovative devices."

About Infineon
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions addressing three central challenges to modern society including energy efficiency, connectivity and security.  In fiscal year 2006 (ending September), the company achieved sales of Euro 7.9 billion (including Qimonda sales of Euro 3.8 billion) with approximately 42,000 employees worldwide (including approximately 12,000 Qimonda employees).  With a global presence, Infineon operates through its subsidiaries in the US from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from Tokyo.  Infineon is listed on the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX).

About MIPS Technologies
MIPS Technologies, Inc. (NASDAQ: MIPS) is a leading provider of industry-standard processor architectures and cores for digital consumer, networking, personal entertainment, communications and business applications. The company drives the broadest architectural alliance that delivers 32- and 64-bit embedded RISC solutions to the embedded market, and in combination with its licensees, offers the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products worldwide. MIPS Technologies currently owns more than 400 patent properties (patents and applications) worldwide and licenses its intellectual property to today's leading semiconductor companies, ASIC developers and system OEMs.

Today, MIPS-Based™ designs are integrated in millions of products around the world, including broadband devices from Linksys, digital cameras from Canon, DTVs and entertainment systems from Sony, DVD Recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco and laser printers from Hewlett- Packard. Founded in 1998, MIPS Technologies is based in Mountain View, California, with offices worldwide. For more information, please contact (650) 567-5000 or visit http://www.mips.com.