Imagination, ARM buy MIPS

Just a quick ‘flag in the sand’ story – one to note for posterity…

Imagination Technologies has agreed to acquire the operating business of microprocessor firm MIPS Technologies, writes Richard Wilson.

In a separate transaction, the remaining MIPS processors patents are being sold to a separate group which is led by ARM. The Bridge Crossing LLC group is paying $350m for the MIPS patents.

A $60m deal will see Imagination also acquire 82 patent properties directly relevant to the MIPS processor architecture. It will also acquire license rights to all of the remaining 498 MIPS’ patent properties.

This is a signficant move for Hertfordshire-based Imagination as it strengthens its presence in the CPU licensing market.

Importantly, the MIPS 32-bit and 64-bit RISC CPU architectures are directly supported by the Android OS.

MIPS’ customers shipped over 700 million royalty earning chips in its financial year ended 30 June 2012, from 56 royalty-paying licensees.

“MIPS is the company that pioneered the RISC CPU architecture and created an iconic and widely respected technology,” said Hossein Yassaie, CEO, Imagination.

“I believe that the combination of our existing Meta CPU technologies and activities with MIPS’ capabilities will help us to create a new force to be reckoned with in the CPU IP market,” said Yassaie.

“I am confident the acquisition will accelerate our growth in the substantial CPU IP market across many segments,” said Yassaie.

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