MIPS was acquired by Wave Computing in June 2018, creating the first AI systems and embedded solutions powerhouse, and delivering the industry’s only single platform for deep learning from data center to the edge.

MIPS operates as an IP licensing business unit within Wave Computing, and is a leading provider of intellectual property (IP) processor architectures and cores. As part of Wave, the breadth of licensable IP is enhanced with the addition of Wave’s dataflow processing technology.

Originally founded in 1984 as MIPS Computer Systems Inc. by researchers from Stanford University, today MIPS designs have shipped in billions of units across the globe and have even reached the outer edges of our solar system. MIPS is broadly used in products such as consumer entertainment, home networking and infrastructure equipment, LTE modems and embedded applications. MIPS is also at the heart of a growing number of Internet of Things (IoT) devices, advanced driver assistance systems (ADAS) and emerging intelligent applications including autonomous vehicles.

Wave is headquartered in Campbell, California, with MIPS located in Santa Clara and offices worldwide.