SUNNYVALE, Calif. -- MIPS Technologies, Inc. (Nasdaq:MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer, home networking, wireless, communications and business applications, announced today that long-time MIPS customer PMC-Sierra (Nasdaq:PMCS) is licensing a broad range of MIPS32(R) processor cores. The cores offer an extensive range of options--from small-footprint to multi-threaded multicore solutions--for next generation designs. PMC-Sierra will use the cores to power chips for an array of applications.

Included in the agreement are MIPS32 cores including the 4KEm(TM) Pro, 24Kc(TM) Pro, 34Kc(TM) Pro, 74Kc(TM) and 1004Kc(TM) cores as well as the MIPS(R) SOC-it L2 Cache Controller. The new agreement also includes the new MIPS32 M14K(TM) and M14Kc(TM) cores that execute the microMIPS(TM) instruction set architecture (ISA) for an advanced level of code compression.

"MIPS provides the high performance, low power, and scalability needed for many storage and networking applications, together with a broad ecosystem of third party support. MIPS Technologies' multi-threading capability also enables us to develop the higher performance, lower power solutions our customers require," said Tom Snodgrass, vice president of product development, Enterprise Storage Division, PMC-Sierra.

MIPS Technologies Inc. (Nasdaq: MIPS; OTC: MIPBV)

PMC-Sierra Inc. (Nasdaq: PMCS)