MIPS Technologies, Inc. (MIPS) is a provider of industry-standard processor architectures and cores that powers home entertainment, communications, networking and portable multimedia products. The Company’s technology is used in markets, such as mobile consumer electronics, digital entertainment, wired and wireless communications and networking, office automation, security, microcontrollers, and automotive. The Company develops standards for both 32-bit and 64-bit computing. It license standard MIPS32 and MIPS64 instruction-set architectures (ISAs), application specific extensions (ASEs), core designs and other related Internet protocol (IP) to semiconductor companies and system original equipment manufacturers ( OEMs). On May 7, 2009, the Company completed the sale of its Analog Business Group (ABG) to Synopsys, Inc.