Since its founding in 1984, MIPS Technologies' continuous improvements, together with the derivative developments of its strategic partners, have allowed the MIPS architecture to be deployed across a broad range of applications. Inc. The company also attributes the architecture's success to its intellectual property licensing and customer-synergistic business model that encourages partners to invest in the technology and design derivative products. The company's licensee relationships have led to a portfolio of over 60 different product offerings, which provide high-performance design solutions for many applications. There are over 150 support tools from third parties.
Analysts expect the growth in the digital consumer market to continue.
MIPS Technologies, Inc. is the only company that licenses cost effective, powerful 64-bit RISC processor technology found in a number of emerging digital consumer and embedded products now shipping. Numerous companies utilize MIPS-based intellectual property.