MIPS-Based Solutions from ATI Technologies Adopted by World-Leading Digital Consumer Companies

MOUNTAIN VIEW, Calif., February 23, 2004 - MIPS Technologies, Inc., (Nasdaq: MIPS), announced today that the MIPS-Based™ XILLEON™ 220 and 225 ASIC chips available from ATI Technologies, a global leader for digital media silicon solutions, are being adopted by many of the world's largest OEMs and are shipping to retails stores in a broad range of consumer applications. Since 1999, ATI has been developing innovative solutions based upon the MIPS architecture using various cores from the 4K™ and 4KE™ families.

ATI's list of MIPS-Based™ design wins is impressive and continues to grow. To date, the company can boast its products have been incorporated into Epson's media projectors, Samsung's next-generation digital televisions, Scientific-Atlanta's digital set-top boxes, Sony's digital televisions, as well as in digital media players by Roku. Within China, ATI is fast becoming the standard with customers such as Changhong, Hisense Electric Co. and Xiamen Overseas Chinese Electronic Co., Ltd. (XOCECO).

"ATI Technologies' deepening market penetration is a key component to the success story of the MIPS architecture in consumer applications," said Jack Browne, vice president of worldwide sales at MIPS Technologies. "Using our 32-bit architecture as the basis for the XILLEON family, ATI was able to achieve 300 MHz in a standard 32-bit single CPU RISC implementation. We applaud ATI's success and look forward to continuing to work with them to ensure their success."

About MIPS Technologies
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer and business applications. The company drives the broadest architectural alliance that is delivering 32- and 64-bit embedded RISC solutions. The company licenses its intellectual property to semiconductor companies, ASIC developers and system OEMs. MIPS Technologies and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products. The company is based in Mountain View, Calif., and can be reached at +1 (650) 567-5000 or www.mips.com.