TranSwitch® Corporation Licenses MIPS32® 4KEc® Pro Processor Core to Reduce Development Costs, Speed Time-to-Market

First India-based Design Targets Next-Generation PON Solutions

MOUNTAIN VIEW, Calif., October 23, 2006 - 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 TranSwitch® Corporation has selected the MIPS32® 4KEc® Pro processor core for use in next-generation Passive Optical Network (PON) SoCs for Customer Premises Equipment. Design and development activities will be centered in TranSwitch’s India operations in New Delhi, making this the first MIPS-Based™ design in India.

“Passive optical networks are gaining traction for their ability to efficiently deliver cost-effective, broadband capabilities to the home and office,” said Brad Holtzinger, vice president of sales at MIPS Technologies. “We’re delighted to play such an integral role in the development of innovative solutions that are dramatically impacting this burgeoning market.”

According to a recent PON Equipment forecast report from Infonetics Research, worldwide Optical Line Terminal (OLT) and Optical Network Terminal (ONT) PON equipment revenue hit $525 million in 2004, and is projected to grow 310% to $2.2 billion in 2008, with port shipments reaching over 8 million.

“MIPS Technologies is a recognized worldwide leader in networking and broadband applications, and we’re excited to be working together,” said Michael Macari, vice president, engineering and operations at TranSwitch. “The company’s industry expertise and the impressive ecosystem support are invaluable as we expand our leadership position in this fast moving and increasingly competitive arena.”

The MIPS32 4KEc Pro processor core provides SoC designers with a tailored solution for high-performance, low-power consumer applications. Leveraging the CorExtend™ capability of MIPS Technologies’ Pro Series of cores, the TranSwitch development team can add their own instructions and functionality to MIPS-Based SoCs-lowering development costs and greatly accelerating their time-to-market.

About TranSwitch Corporation
TranSwitch Corporation (NASDAQ: TXCC) designs, develops and markets innovative semiconductors that provide core functionality and complete solutions for voice, data and video communications network equipment. As a leading supplier to telecom, datacom, cable television and wireless markets, TranSwitch customers include the major OEMs that serve the worldwide public network, the Internet, and corporate Wide Area Networks (WANs). TranSwitch devices are inherently flexible, many incorporating embedded programmable microcontrollers to rapidly meet customers’ new requirements or evolving network standards by modifying a function via software instruction. TranSwitch implements global communications standards in its VLSI solutions and is committed to providing high-quality products and services. TranSwitch, Shelton, CT, is an ISO 9001:2000 registered company. For more information, visit www.transwitch.com.

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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MIPS, MIPS32, MIPS-Based, 4KEc Pro and CorExtend are trademarks or registered trademarks of MIPS Technologies, Inc. in the United States and other countries. All other trademarks referred to herein are the property of their respective owners.

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MIPS Technologies, Inc.

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