Zoran Corporation Takes Additional Licenses For Industry-Standard MIPS® Cores

MIPS32™ 4KE™ Family and M4K™ Core Provides Zoran Additional Capabilities To Penetrate High-Growth Embedded Markets Using MIPS-Based™ Technology
MOUNTAIN VIEW, Calif., September 22, 2003 - MIPS Technologies, Inc. (Nasdaq: MIPS, MIPSB), a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, announced today that Zoran Corporation has taken additional licenses for the high-performance MIPS32™ 4KE™ cores, and a new license for the 32-bit M4K™ core. These new agreements broaden Zoran's adoption of the industry-standard MIPS® architecture as the company continues to develop leading solutions for high-growth embedded markets.

"Our MIPS-based product portfolio is growing as we experience strong market demand for technology that enables OEMs to meet the challenging requirements of the digital consumer marketplace," said Ram Ofir, vice president engineering at Zoran Corporation. "Since announcing the original licensing agreement with MIPS Technologies just one year ago, we have introduced two new MIPS-based products. We look forward to expanding our relationship with MIPS Technologies and to collaborating on the development of optimized solutions for the growing CE marketplace."

"Market leaders such as Zoran Corporation continue to standardize upon the MIPS architecture to leverage the broadly available software infrastructure that's only available for an industry standard," said Jack Browne, vice president of worldwide sales at MIPS Technologies. "With these new licenses, Zoran furthers its adoption of MIPS as it continues to gain market share in leading-edge DVD devices, digital cameras and high-definition televisions."

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.