comment on this article

Imagination to buy MIPS for $60million

Hossein Yassaie, chief executive, Imagination Technologies

Leading IP company Imagination Technologies is to acquire microprocessor IP developer MIPS Technologies in a two part deal which sees the latter selling the majority of its patent portfolio to Allied Security Trust (AST).

As part of the latter deal, MIPS has sold 498 of its 580 patents to Bridge Crossing, described as an acquisition vehicle for AST, for $350million. MIPS has retained what it says are 82 patents that are 'directly relevant' to the MIPS architecture. Once the Bridge Crossing transaction is complete, Imagination will acquire MIPS and the 82 remaining patents for $60m. The proceeds of the transactions will be distributed to MIPS shareholders. The deals are expected to complete early in 2013.

Hossein Yassaie, pictured, chief executive of Imagination Technologies, said: "The MIPS architecture is widely respected and is complementary to Imagination's existing cpu capabilities. I believe this proposed transaction will be welcomed by both companies' customers, including our mutual partners, and by the electronics industry at large. Post deal closure, Imagination will continue to support and expand the MIPS architecture and ecosystem, with the combined effort aiming to create a new industry leading force in cpu development and licensing."

Sandeep Vij, MIPS' ceo, noted: "By combining the technologies and skills of MIPS and Imagination, we believe that we can together create a powerful, well differentiated and highly influential alternative to existing cpus in the market. The move is highly strategic and presents clear benefits to MIPS' customers, employees and partners."

AST identifies and analyses high technology patents being sold on the market, circulates those to its 26 member companies and combines funds of interested member companies to purchase patents. It then sells the patents subject to licenses granted to participating members and interested third parties, with proceeds returned to the members that funded the purchase.

Graham Pitcher

Comment on this article

This material is protected by MA Business copyright See Terms and Conditions. One-off usage is permitted but bulk copying is not. For multiple copies contact the sales team.

What you think about this article:

Add your comments


Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

Waving away PIM

Passive inter modulation – PIM – is ‘unwanted interference’ which tends to ...

Keeping compliant

A raft of new CE Marking Directives was implemented earlier in 2016. Amongst ...

Fourth UCAAT

Software testing is generally considered as a process of executing test cases, ...


Taking place in Munich, Electronica is a four-day trade fair for electronic ...

EEE conference

​The two-day EEE Conference, which is taking place at the Hilton London, ...

Get to market faster

A quick look at using Vicor's PFM and AIM in VIA packaging for your AC to Point ...

The Brexit blues

Since the announcement on 24 June that the British public had voted for ...

Rising from the ashes

Created in 2013, Redux emerged from the ashes of HiWave (formerly NXT) which, ...