updated 3/15/2011 9:16:21 AM ET 2011-03-15T13:16:21

SUNNYVALE, Calif., March 15, 2011 (GLOBE NEWSWIRE) -- 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, today announced that semiconductor industry veteran Dave Singhal has joined MIPS as vice president of corporate development and strategy. Reporting to MIPS Technologies CEO Sandeep Vij, Singhal will drive business expansion and strategic initiatives for the company.

Mr. Singhal brings to MIPS Technologies more than 20 years of experience with both early-stage and established companies. He joins MIPS from Cisco, where in his role as director in the corporate development and strategy organization, he drove vision, incubation and investment in cloud visual processing, 3D, streaming inference, mobile, and other advanced areas.  

"We are pleased to welcome Dave to MIPS Technologies at this important time in the company's development. We have a leading position in the digital home, a strong and growing share in the networking market, and are making aggressive inroads into the market for mobile devices. As we expand our footprint in these key areas, MIPS will benefit greatly from Dave's rare combination of business acumen and deep technology expertise," said Vij. 

According to Singhal, "To succeed and grow amidst constantly changing industry dynamics, fierce competition and the lightning-fast pace of innovation, companies must use all of the resources at their disposal—from internal development to partnerships to investment and M&A. With MIPS, I've joined the maker of the most efficient high-performance processor architecture in the world. My goal is to drive partnerships and investments in our ecosystem to accelerate growth of that ecosystem and further proliferation of the MIPS architecture. The ultimate goal is to progressively increase the value we are delivering to customers and shareholders."

About Dave Singhal

Singhal was previously a director in the Corporate Development Technology Group at Cisco, the worldwide leader in networking for the Internet. While at Cisco, he also held a position in the Chief Architect's Office for the Service Provider Group. Prior to Cisco, he was founding CEO at Luxxon Corporation, a pioneer in both mobile network video transcoders and graphics processors. Prior to that, he held engineering roles at Neomagic Corporation, Trident Microsystems, Cirrus Logic and Advanced Micro Devices. Dave holds a B.S. in Electrical Engineering and Computer Science from the University of California, Berkeley, and an M.S. in Electrical Engineering from Stanford University. He holds eleven issued patents, primarily in the areas of image processing and streaming.

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 mobile device 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 is a trademark or registered trademark in the United States and other countries of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners.

CONTACT: Media Contact:
         Jen Bernier-Santarini
         MIPS Technologies, Inc.
         +1 408-530-5178
         jenb@mips.com
         
         Investor Contact:
         Maury Austin
         MIPS Technologies, Inc.
         +1 408-530-5000
         ir@mips.com

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