Kawasaki Microelectronics Adds Multiple MIPS Technologies Processor Cores to its ASIC IP Portfolio

MOUNTAIN VIEW, Calif. - July 8, 2008 - MIPS Technologies, Inc. (NasdaqGS: MIPS), a leading provider of industry-standard architectures, processors and analog IP for digital consumer, home networking, wireless, communications and business applications, today announced that Kawasaki Microelectronics (K-micro), a leader in advanced ASICs, licensed multiple MIPS® cores for its ASIC IP portfolio. The synthesizable cores, including MIPS Technologies' highest-performance single-threaded core and its multi-threaded core, will enable K-micro to offer a range of optimized solutions to its customers in office automation, networking, and other key markets.

"Our customers will benefit from the breadth of MIPS processors that are now available as part of our IP portfolio," said Kyoichi Kissei, executive vice president of worldwide sales and marketing, K-micro. "The synthesizable MIPS cores combined with other key IP blocks in our portfolio create compelling solutions for our customers. A great example is our revolutionary Catseye subsystem, which incorporates dual MIPS32® 24Kf^TM processor cores and other IP to enable the designers of office automation and network applications such as PON to bring high-performance, cost-effective products to market more rapidly and efficiently. We look forward to developing even more MIPS-Based^TM systems to serve a variety of markets."

"With this latest agreement, K-micro now has access to a wide range of MIPS cores, from low-power cores for mobile devices to multi-threaded cores that boost system performance for highly concurrent applications like VoIP, multifunction printers and DTV," said Brad Holtzinger, vice president of worldwide sales at MIPS Technologies. "The ongoing relationship between K-micro and MIPS Technologies enables developers to bring new products to market quickly and affordably."

K-micro licensed the MIPS32® 24Kc^TM Pro core, 24Kf Pro core, MIPS32® 24KEc^TM Pro core, MIPS32® 24KEf^TM Pro core, MIPS32® 34Kc^TM Pro core, MIPS32® 34Kf^TM Pro Core, MIPS32® 74Kc^TM core, and MIPS32® 74Kf^TM core. K-micro already offers several other MIPS-Based cores as part of its ASIC IP portfolio.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (NasdaqGS: MIPS) is the world's second largest semiconductor design IP company and the number one analog IP company worldwide. With more than 250 customers around the globe, MIPS Technologies is the only company that provides a combined portfolio of processors, analog IP and software tools for the embedded market. The company powers some of the world's most popular products for the digital entertainment, home networking, wireless, and portable media markets-including 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 Mountain View, California, with offices worldwide. For more information, contact (650) 567-5000 or visit www.mips.com.