US investors and industry veterans bring deep semiconductor expertise to renowned and revered technology company
SANTA CLARA, Calif., Jan 9 (Bernama-GLOBE NEWSWIRE) -- MIPS, provider of the widely used MIPS processor architecture and IP cores, announced it has returned to Silicon Valley as an independent company focused on processor innovations for a new generation of intelligent, connected platforms. With shipments in the billions of units across the globe, MIPS CPUs are found in a broad range of applications, including leading positions in set-top boxes and DTV, networking switches and routers, robotics, IoT, and are gaining strong momentum in LTE modems. The MIPS architecture is also used in most of today’s Advanced Driver Assistance Systems (ADAS) and is designed into emerging autonomous vehicles.
MIPS continues its commitment to servicing the industry as a soft-IP supplier with a compelling portfolio of processor cores. MIPS leverages its distinct portfolio to offer hardware multi-threading for ultimate compute efficiency, hardware backed virtualization for software isolation, and policy management combined with functional safety features that are required to support mission critical high assurance safety standards. This foundation complements the company’s investments in intelligent applications and enables MIPS to deliver additional value to existing and new customers.
Tallwood Venture Capital (Tallwood), a US venture capital firm with deep semiconductor expertise and a highly successful investment track record, led the acquisition of MIPS from Imagination Technologies. Tallwood is joined by Paxion Capital Partners (Paxion) that focuses on high-growth technology and technology-related companies in need of capital and expertise to scale on a global basis.
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