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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--March 6, 2001--MIPS Technologies, Inc. (Nasdaq:MIPS, MIPSB - ), a leading provider of industry standard processor architectures and cores for digital consumer and network applications, today announced it has licensed PMC-Sierra (Nasdaq:PMCS) its leading 32-bit embedded processor technology for networking applications.

``MIPS Technologies has the most widely adopted 32- and 64-bit architectures in the broadband networking infrastructure marketplace,'' said Kevin Huscroft, PMC-Sierra's vice president research and development and chief technology officer. ``Licensing their 32-bit technology expands our product offerings for the access and core broadband infrastructure markets. This new licensing agreement combined with our MIPS Processor Division's 64-bit embedded processor cores, positions PMC-Sierra to provide more of the critical silicon for these applications including an open architecture microprocessor.''

``Our cores and architectures provide the flexibility semiconductor manufacturers need to innovate and stay ahead of their competition,'' said Muhammad Helal, vice president of North American business development and sales for MIPS Technologies. ``Furthermore, this agreement with PMC-Sierra underscores MIPS Technologies' customer-centric focus of providing viable solutions that enable semiconductor manufacturers to create industry-standard processors.''

About MIPS Technologies, Inc.

MIPS Technologies, Inc. is a leading provider of industry standard processor architectures and cores for digital consumer and network 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, Inc. and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products.

Licensees currently include: Alchemy Semiconductor, Inc., Altera Corporation, ATI Technologies, Inc., Atmel Corporation, Broadcom Corporation, Centillium Communications, Inc., Chartered Semiconductor Manufacturing, Ltd., Conexant Systems, Inc., empowerTel Networks, Inc. (formerly known as Lara Technology, Inc.), ESS Technology, Inc., Gemplus International S.A., Integrated Device Technology, Inc. (IDT), inSilicon Corporation, Integrated Telecom Express, Inc. (ITeX), LSI Logic Corporation, Macronix America, Inc., Metalink, Ltd., Micron Technology, Inc., General Instrument Corporation (acquired by Motorola, Inc.), NEC Corporation, NeoMagic Corporation, NKK Corporation, Palmchip Corporation, Philips Semiconductors International B.V., Quantum Effect Devices, Inc. (acquired by PMC-Sierra, Inc.), QuickLogic Corporation, Sandcraft, Inc., SiByte, Inc. (acquired by Broadcom Corporation), Sony Corporation, Synova, Inc., Taiwan Semiconductor Manufacturing Company, TeraLogic, Inc., Texas Instruments Incorporated, Toshiba Corporation and Excess Bandwidth Corporation (acquired by Virata Corporation). Numerous companies utilize MIPS-based(TM)intellectual property. MIPS Technologies, Inc. is based in Mountain View, Calif., and can be reached at (650) 567-5000 or www.mips.com.

Note to Editors: MIPS-based(TM) is a trademark of MIPS Technologies, Inc. All other trademarks are the property of their respective companies.

     MIPS Technologies, Inc.
     Lee Garvin Flanagin, 650/567-5180
     flanagin@mips.com
     or
     The Hoffman Agency
     Gustavo Santoyo, 408/286-2611
     gsantoyo@hoffman.com