MIPS Technologies, Inc. (MIPS) is a provider of industry-standard processor architectures and cores for digital home, networking and mobile applications. The Company’s technology is standard processor architectures and cores, set-top boxes, Blu-ray players, broadband customer premises equipment (CPE), WiFi access points and routers, networking infrastructure and portable/mobile communications and entertainment products. Its customers are global semiconductor companies and system original equipment manufacturers (system OEMs). The Company’s business model is based on the licensing of embedded processor intellectual property (IP) in the form of both architectures and implementations. MIPS customers are global semiconductor companies and system original equipment manufacturers (system OEMs). In February 2013, Imagination Technologies Group PLC acquired operating business and certain patent properties of the Company.