Reported about 10 hours ago
MIPS, a longtime Silicon Valley firm, is redirecting its strategy to develop chips specifically for artificial intelligence-enabled robots, moving away from its historical competition with Arm Holdings. Founded in the mid-1980s, MIPS initially excelled in fast data processing for specialized applications. After emerging from bankruptcy in 2021, the company began using the RISC-V computing architecture and has secured clients like Mobileye. CEO Sameer Wasson emphasizes the importance of tangible chip solutions for gaining trust in the growing robotics market, with plans to focus on automotive applications by 2028.
Source: YAHOO