Imagination Tech CEO: 'The industry needs MIPS as much as MIPS needs the industry'

At an earlier press event in Shenzhen, Imagination Technologies' CEO Sir Hossein Yassaie delivered a clear message: his company's $100 million acquisition of MIPS isn't a short term strategy. Additionally, he has ambitious plans with the latter's chip architecture -- a well-known rival of ARM and Intel's x86.

In his presentation, Yassaie boasted that there are currently over 300 SoCs based on MIPS. And out of the five billion devices shipped with Imagination Tech's IP to date, three billion of them use MIPS. These include phones, tablets (especially in China), wearables, printers, networking devices, storage devices and more.

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