July 1, 2008

MIPS Technologies Partners With Microchip Technology to Sponsor Prizes for Its PIC32 Design Challenge

MOUNTAIN VIEW, Calif., July 1 /PRNewswire-FirstCall/ -- MIPS Technologies, Inc. , a leading provider of industry-standard architectures, processors and analog IP for digital consumer, home networking, wireless, communications and business applications, announced its participation and support for Microchip Technology's PIC32 Design Challenge, located at http://www.mypic32.com/. Microchip's 32-bit PIC32 microcontroller (MCU) family is powered by the MIPS32(R) M4K(R) processor core and leverages MIPS' IP cores for Full Speed USB 2.0 On-the-Go (OTG) functionality.

Through the year-long Design Challenge, registrants can demonstrate their 32-bit design expertise by building, testing and displaying designs using Microchip's PIC32 Starter Kit, and can win prizes based on community and expert ratings of their design, in addition to prizes for community participation. The total value of contest prizes exceeds $150,000, including a MIPS-Based(TM) portable media player packed with features such as Bluetooth audio streaming, Wi-Fi enabled Internet and a five inch LCD touch screen. Kicked off on April 15, 2008 and continuing throughout the year, the PIC32 Design Challenge has already received more than 200 design entries.

"MIPS Technologies' processor and analog IP cores are critical to our 32-bit PIC32 MCUs, and we value the company's support of our PIC32 Design Challenge," said Terry West, Microchip's PIC32 marketing manager. "The high number of design entries we have received and the escalating competition is truly exciting. As word of the competition spreads, we're impressed by the unique and innovative designs we are seeing from the community of talented 32-bit designers."

"We are delighted to support Microchip's first-ever PIC32 Design Challenge," said Jack Browne, vice president of marketing, Processor Business Group, MIPS Technologies. "Designers are increasingly moving to 32-bit MCUs for today's high performance applications, especially in automotive, industrial and other demanding markets. Leveraging MIPS Technologies' processor and analog technology, the 32-bit PIC32 family provides the increased performance, functionality and memory capacity needed for this next generation of applications."

For PIC32 Design Challenge rules and eligibility requirements, please visit http://www.mypic32.com/.

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 http://www.mips.com/.

MIPS, M4K, MIPS32 and MIPS-Based are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. PIC is a registered trademark of Microchip Technology Inc. in the U.S. and other countries. All other trademarks referred to herein are the property of their respective owners.

MIPS Technologies, Inc.

CONTACT: Jen Bernier of MIPS Technologies, Inc., +1-650-567-5178,[email protected]

Web site: http://www.mips.com/http://www.mypic32.com/