Octalica Licenses MIPS32® Core for Next-Generation MoCA-Driven Applications

MOUNTAIN VIEW, Calif., – March 20, 2007 – MIPS Technologies, Inc. (NASDAQ: MIPS),
a leading provider of industry-standard processor architectures and cores for digital
consumer, networking, personal entertainment, communications and business applications,
today announced that Octalica has licensed a MIPS32® core for next-generation SoCs
targeted at digital home applications. Octalica, whose primary applications include
digital video recorders, set-top boxes, and home gateways, enables high-speed digital
networks over existing coaxial infrastructure, based on MoCA (Multimedia over Coax
Alliance) specifications.

“Although today’s providers of `triple play’ services are faced with a multitude of
alternatives for distributing multimedia content, MoCA is rapidly emerging as the
technology of choice,” said Moti Kintzlinger, chief executive officer at Octalica. “Our
MoCA-based solutions demand superior performance coupled with both area and power
efficiency and the MIPS core exceeded these requirements.”

Although MoCA is an emerging market, industry experts are predicting a rapid ramp-up
towards large volumes. In its new report entitled “Home Networking – In Search of the
Killer Technology”, iSuppli Corporation estimates that shipments of networking products
for homes with an existing wired infrastructure will rise by more than a factor of almost
20 in the next four years, to hit 260 million units worldwide in 2011.

“Consumers are looking beyond the living room and demanding easy and immediate access
to voice, data and video throughout the home,” said Brad Holtzinger, vice president of
worldwide sales at MIPS Technologies. “We’re delighted that Octalica has selected a
MIPS-Based solution to help make the connected home a reality, and we look forward to
expanding our leadership throughout this exciting space.”

About Octalica

Octalica is a privately held semiconductor company incorporated in the U.S. with a
research and development team in Israel. Octalica’s mission is to develop leading edge
digital home entertainment networking products that allow consumers to enjoy an IP-based,
high definition TV experience anywhere throughout the home. Their first entry into this
emerging market is a solution, both H/W and S/W, which utilizes the existing coaxial
infrastructure in the home adhering to MoCA (Multimedia over Coax Alliance)

Octalica is targeting a wide range of consumer electronics products such as DVR (Digital Video Recorder), STB (Set-Top Box), Home Gateway, and ONU (Optical Network Unit), as well as retail products that are connected to home networks such as PCs, wireless access points, and game consoles. For more information, please visit www.octalica.com, or call (508) 358-4388.

About MIPS Technologies

MIPS Technologies, Inc. (NASDAQ: MIPS) is a leading provider of industry-standard
processor architectures and cores for digital consumer, networking, personal
entertainment, communications and business applications. The company drives the broadest
architectural alliance that delivers 32- and 64-bit embedded RISC solutions to the
embedded market, and in combination with its licensees, offers the widest range of robust,
scalable processors in standard, custom, semi-custom and application-specific products
worldwide. MIPS Technologies licenses its intellectual property (IP) to today’s leading
semiconductor companies, ASIC developers and system OEMs.

Today, MIPS-Based™ designs are integrated in millions of products around the world, including broadband devices from Linksys, digital cameras from Canon, DTVs and entertainment systems from Sony, DVD Recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco and laser printers from Hewlett- Packard. Founded in 1998, MIPS Technologies is based in Mountain View, California, with offices worldwide. For more information, please contact (650) 567-5000 or visit http://www.mips.com.

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