EXHIBIT 10.10

MIPS TECHNOLOGIES, INC.

DIRECTORS' STOCK OPTION PLAN

(adopted by the Board of Directors on July 2, 1998
and approved by the Stockholder on July 2, 1998)
(as amended May 18, 1999)
(as amended January 24, 2002)

---

MIPS TECHNOLOGIES, INC.

DIRECTORS' STOCK OPTION PLAN

(adopted by the Board of Directors on July 2, 1998
and approved by the Stockholder on July 2, 1998)
(as amended May 18, 1999)
(as amended January 24, 2002)

1.Purposes of the Plan.The purposes of this Directors' Stock Option Plan are to attract and retain the best
available personnel for service as Directors of the Company, to provide additional incentive to the
Outside Directors of the Company to serve as Directors, and to encourage their continued service on the Board.

All
options granted hereunder shall be non-statutory stock options.

2.Definitions.As used herein, the following definitions shall apply:



1

---



3.Stock Subject to the Plan.Subject to the provisions of Section 10 of the Plan, the maximum aggregate
number of Shares which may be optioned and sold under the Plan is 600,000 Shares plus an annual increase to be added each year on July 1 beginning on July 1, 1999 in an amount equal to
the lesser of (i) 100,000 shares, (ii) the number of shares subject to option grants in the prior year ending June 30 or (iii) a lesser number determined by the Board (the
"Pool") of Common Stock. The Shares may be authorized, but unissued, or reacquired Common Stock.

If
an Option should expire or become unexercisable for any reason without having been exercised in full, the unpurchased Shares which were subject thereto shall, unless the Plan shall
have been terminated, become available for future grant under the Plan.

4.Administration of and Grants of Options under the Plan.



2

---



5.Eligibility.Options may be granted only to Outside Directors. All Options shall be automatically granted in
accordance with the terms set forth in Section 4(b) hereof. An Outside Director who has been granted an Option may, if he or she is otherwise eligible, be granted an additional Option or
Options in accordance with such provisions.

The
Plan shall not confer on any Optionee any right with respect to continuation of service as a Director or nomination to serve as a Director, nor shall it interfere in any way with any
rights which the Director or the Company may have to terminate his or her directorship at any time.

6.Term of Plan.The Plan shall become effective upon the earlier to occur of its adoption by the Board or its
approval by the stockholders of the Company as described in Section 16 of the Plan. It shall continue in effect for a term of ten (10) years unless sooner terminated under
Section 12 of the Plan.

7.Exercise Price and Consideration.



3

---



8.Exercise of Option.



An
Option may not be exercised for a fraction of a share.

An
Option shall be deemed to be exercised when written notice of such exercise has been given to the Company in accordance with the terms of the Option by the person entitled to exercise
the Option and full payment for the Shares with respect to which the Option is exercised has been received by the Company. Full payment may consist of any consideration and method of payment allowable
under Section 7(b) of the Plan. Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the stock
certificate evidencing such Shares, no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the
Option. A share certificate for the number of Shares so acquired shall be issued to the Optionee as soon as practicable after exercise of the Option. No adjustment will be made for a dividend or other
right for which the record date is prior to the date the stock certificate is issued, except as provided in Section 10 of the Plan.

Exercise
of an Option in any manner shall result in a decrease in the number of Shares which thereafter may be available, both for purposes of the Plan and for sale under the Option, by
the number of Shares as to which the Option is exercised.



4

---



9.Non-Transferability of Options.The Option may not be sold, pledged, assigned, hypothecated,
transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

10.Adjustments Upon Changes in Capitalization, Liquidation or Merger.



5

---



If
the Successor Corporation does not assume an outstanding Option or substitute for it an equivalent option, the Option shall become fully vested and exercisable, including as to Shares
for which it would not otherwise be exercisable. In such event the Board shall notify the Optionee that the Option shall be fully exercisable for a period of fifteen (15) days from the date of
such notice, and upon the expiration of such period the Option shall terminate.

For
the purposes of this Section 10(c), an Option shall be considered assumed if, following the merger or sale of assets, the Option confers the right to purchase or receive, for
each Share of Optioned Stock subject to the Option immediately prior to the merger or sale of assets, the consideration (whether stock, cash, or other securities or property) received in the merger or
sale of assets by holders of Common Stock for each Share held on the effective date of the transaction (and if holders were offered a choice of consideration, the type of consideration chosen by the
holders of a majority of the outstanding Shares). If such consideration received in the merger or sale of assets is not solely common stock of the successor corporation or its Parent, the
Administrator may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the Option, for each Share of Optioned Stock subject to the Option,
to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the merger or sale of assets.

11.Amendment and Termination of the Plan.



12.Time of Granting Options.The date of grant of an Option or Right shall, for all purposes, be the date
determined in accordance with Section 4(b) hereof. Notice of the determination shall be given to each Outside Director to whom an Option is so granted within a reasonable time after the date of
such grant.

13.Conditions Upon Issuance of Shares.Shares shall not be issued pursuant to the exercise of an Option unless
the exercise of such Option and the issuance and delivery of such Shares pursuant thereto shall comply with all relevant provisions of law, including, without limitation, the Securities Act of 1933,
as amended, the Exchange Act, the rules and regulations promulgated thereunder, state securities laws, and the requirements of any stock exchange upon which the Shares may then be listed, and shall be
further subject to the approval of counsel for the Company with respect to such compliance.

As
a condition to the exercise of an Option, the Company may require the person exercising such Option to represent and warrant at the time of any such exercise that the Shares are being
purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by any of the
aforementioned relevant provisions of law.

14.Reservation of Shares.The Company, during the term of this Plan, will at all times reserve and keep
available such number of Shares as shall be sufficient to satisfy the requirements of the Plan.

6

---

15.Option Agreement.Options shall be evidenced by written option agreements in such form as the Board shall
approve.

16.Stockholder Approval.Continuance of the Plan shall be subject to approval by the stockholders of the
Company at or prior to the first annual meeting of stockholders subsequent to the granting of an Option hereunder. Such stockholder approval shall be obtained in the manner and to the degree required
under applicable state and federal law.

7

---

QuickLinks