A long-standing MIPS Technologies licensee, Toshiba has previously licensed the MIPS(R) architecture to develop 32- and 64-bit offerings for a broad range of applications -- from digital cameras and automotive telematics to home gateways and office automation. Toshiba's MIPS-Based(TM) designs include the 128-bit Emotion Engine(R) multimedia processor developed with Sony for the PlayStation(R) 2 computer entertainment system.

"As an existing licensee of the MIPS architecture, we are pleased to extend our long and successful relationship," said Yoshio Ooida, executive vice president, Semiconductor Company, Toshiba Corporation. "Leveraging the superior cost advantages, performance and low-power capabilities of the 24KE Pro cores enable us to rapidly design and bring to market feature-rich solutions for the digital consumer SoC market."

"We're delighted to deepen our long-standing commitment to Toshiba by providing them with both our industry-leading architecture and high performance core technology," said John Bourgoin, president and CEO, MIPS Technologies. "With the license of the award-winning 24KE core family, we look forward to increasing our global presence in the highly competitive digital entertainment markets in Japan and around the world."

The MIPS32 24KE(TM) core family leverages the high performance 24K(TM) microarchitecture while incorporating the MIPS(R) DSP Application Specific Extension (ASE). These instructions provide signal processing performance of up to 3x over a range of embedded applications compared to RISC implementations without the DSP ASE. The distinguishing feature of the 24KE family is that it provides very efficient DSP capability while significantly reducing overall SoC die area, cost and power consumption. The CorExtend(TM) capability of the 24KE Pro cores allows users to supercharge application performance by defining and adding their own instructions.

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 http://www.mips.com.

NOTE: MIPS, MIPS-Based, MIPS32, 24K, 24KE, 24KEc, 24KEf and CorExtend are trademarks or registered trademarks of MIPS Technologies, Inc. in the United States and other countries. All other trademarks referred to herein are the property of their respective owners.

Safe Harbor Statement by MIPS Technologies, Inc. under the Private Securities Litigation Reform Act of 1995:

Statements made in this news release, other than statements of historical fact, are forward-looking statements, including, for example, statements relating to trends, products, and customer experiences. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, which might cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include MIPS Technologies' ability to forecast product acceptance and adoption of technologies by semiconductor companies; to overcome the challenges associated with establishing licensing relationships with semiconductor companies; to anticipate business and economic conditions generally and in the semiconductor industry in particular; to compete in the market for semiconductor IP platforms; and other risks. For a further discussion of risk factors affecting our business, we refer you to the documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended June 30, 2005 and subsequent Forms 10-Q and 8-K. MIPS Technologies, Inc. disclaims any intention or duty to update any forward-looking statements made in this news release.

Web site: http://www.mips.com//