updated 1/4/2011 9:16:00 AM ET 2011-01-04T14:16:00

LAS VEGAS, Jan. 4, 2011 (GLOBE NEWSWIRE) -- INTERNATIONAL CES -- 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 Ingenic Semiconductor, a leading China-based CPU provider for mobile multimedia applications, has licensed the MIPS32® architecture for its mobile device SoCs. Ingenic is leveraging the MIPS® architecture for devices targeting a broad range of mobile products including e-readers, tablets and smartphones leveraging the Android™ platform.

"The Ingenic team has strong processor design capabilities, and represents a vibrant local semiconductor industry in China. We are pleased to work closely with the company as it brings its innovative XBurst CPU technology to the U.S. market," said Sandeep Vij, president and CEO, MIPS Technologies. "Innovative companies such as Ingenic are increasingly looking to the MIPS architecture as a high-performance, low-power alternative for mobile designs."

"Ingenic has had success in the Greater China market with a broad range of small form factor devices, having shipped more than 25 million products to-date," said Qiang Liu, chairman and CEO for Ingenic Semiconductor. "Our XBurst CPU technology features the high performance, low power and high level of integration needed for success in the mobile market. MIPS Technologies' industry-standard architecture and broad ecosystem of third party support will be a great help as we continue to expand our business."

About Ingenic

Ingenic Semiconductor was founded in Beijing in 2005 to develop embedded processors and solutions optimized for high performance, low power consumption and low cost. For mobile multimedia applications, Ingenic's XBurst CPU offers high operating frequency, high-performance multimedia processing, compact die size and low power consumption. Based on the XBurst CPU, the company's Jz47xx series multimedia processors are widely deployed in embedded devices and consumer electronic products including PMPs, educational electronic devices, Mobile TV, fingerprint identification, GPS, UMPC, baby monitors and more, with more than 25 million units shipped to-date. For more information, visit www.ingenic.cn/eng .

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (Nasdaq:MIPS) is a leading provider of industry-standard processor architectures and cores that power some of the world's most popular products for the home entertainment, communications, networking and portable multimedia markets. These include 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 Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com .

MIPS, MIPS32 and MIPS-Based are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners. Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions.

CONTACT: MIPS Technologies, Inc.
         Media Contact:
         Jen Bernier-Santarini
         +1 408-530-5178
         jenb@mips.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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