MIPS Technologies, formerly MIPS Computer Systems, is most widely known for developing the MIPS architecture and a series of pioneering RISC Central processing unit.

MIPS Computer Systems Inc. was founded in 1984 by a group of researchers from Stanford University as a vendor of microprocessor chips.

MIPS made its first IPO (after that it was acquired by SGI, spun-off, then IPOed again in 1998) on Nasdaq in November 1989. After being successful in the chip market with the R2000 and R3000 devices, a management change brought along the larger dreams of being a computer vendor. The company found itself unable to compete in the computer market against much larger companies and was struggling to support the costs of developing both the chips and the systems (MIPS_Magnum). In order to secure the supply of future generations of MIPS microprocessors (the 64bit R4000), Silicon Graphics acquired the company in 1992 and ran it as MIPS Technologies Inc. (MTI), a wholly owned subsidiary of SGI.

After SGI decided to migrate to the Itanium architecture in the mid-1990s, it was decided to spin out MTI as an intellectual property licensing company offering licenses to the MIPS architecture as well as microprocessor core designs. MTI made an initial public offering on June 30, 1998, i.e. it was no longer wholely owned by SGI since the IPO. SGI spun it off completely on June 20, 2000 by distributing all its interest as stock dividend to the stock holders.

Shares of the company are publicly traded on Nasdaq with the symbols MIPS.

=Comany TimeLine=

1981--- Dr. John Hennessy at Stanford University lead a team initiates the MIPS RISC architecture project.

1984--- MIPS Computer Systems, Inc. co-founded by Dr. John Hennessy, Robert Wall and Dr. John Moussouris

1989--- Firt IPO in November as MIPS Computer Systems

1992--- SGI acquires MIPS Computer System. Transform it into internal MIPS Group, and then incorporates and rename to MIPS Technologies, Inc. (a wholly owned subsidiary of SGI).

1998--- Re-IPO as MIPS Technologies, Inc.

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