MIPS Technologies Licenses MIPS32® Architecture to Altera Corporation

SUNNYVALE, Calif. - October 6, 2009 - MIPS Technologies, Inc. (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, home networking, wireless, communications and business applications, today announced that Altera Corporation licensed its MIPS32® architecture, marking the entry of the MIPS® architecture into the FPGA channel.

"The MIPS architecture is firmly established within many networking, communications and multimedia systems, and our decision to license the MIPS32 architecture allows us to provide more options for FPGA customers in these markets," said Vince Hu, vice president of product and corporate marketing, Altera.

Art Swift, vice president of marketing, MIPS Technologies, added, "We are excited that Altera is employing the MIPS architecture to offer a wider range of solutions to designers. This license has the potential to broaden MIPS' user base, expand our already broad ecosystem and further proliferate the MIPS architecture."

According to Joseph Byrne, senior analyst for The Linley Group and co-author of A Guide to CPU Cores and Processor IP, "MIPS Technologies' processor cores have long been known for their high performance for a wide range of consumer multimedia, networking and communications applications. The company's technology is already an industry standard for ASICs used in these applications. By joining forces with Altera, a leader in the FPGA market, there is great potential for much more widespread adoption."

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (NasdaqGS: MIPS) is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the home entertainment, communications, networking and portable multimedia markets. These include broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com.