MIPS Technologies Appoints John Derrick President and General Manager of Processor Business Group
03 January 2008 - 1:00AM
PR Newswire (US)
Semiconductor Veteran to Manage Newly Formed Processor Business
Group Following Chipidea Acquisition MOUNTAIN VIEW, Calif., Jan. 2
/PRNewswire-FirstCall/ -- MIPS Technologies, Inc. (NASDAQ:MIPS), a
leading provider of industry-standard architectures, processor
cores and analog IP for digital consumer, home networking,
wireless, communications and business applications, today announced
that it has appointed industry veteran John Derrick to the newly
created position of president and general manager of the company's
Processor Business Group. Derrick will assume overall
responsibility for directing and growing the microprocessor and
architecture business worldwide, reporting to John Bourgoin, MIPS
Technologies' President and CEO. Following the acquisition of
Chipidea in August 2007, MIPS Technologies formed the Processor
Business Group alongside the Analog Business Group (formerly
Chipidea). Derrick will work closely with Dr. Jose Franca,
president and general manager of the Analog Business Group, to
align key technologies and drive MIPS Technologies' business across
top emerging digital consumer and home networking markets, where
the company already enjoys a commanding presence. "2007 was a
pivotal year for MIPS Technologies, as we became the world's second
largest design IP company and leading provider of analog IP
worldwide," said Bourgoin. "As we enter our tenth anniversary as a
public company, I couldn't imagine a stronger and more versatile
leader to drive the Processor Business Group into its next phase of
growth. John's rare combination of technical and business acumen,
processor development expertise, deep domain knowledge and the
ability to successfully align top performing marketing, sales and
technology teams will make him an invaluable addition to our
growing business." "MIPS Technologies has long been a world-class
leader in the embedded market with proven technology that helps
customers differentiate and win in key segments," said John
Derrick. "This is one of the most exciting phases in the company's
history, and we have an opportunity to extend MIPS' technology to
new markets and offer an even more compelling, integrated solution
for customers' next-generation SoC designs. I am thrilled to be
joining the MIPS team, and look forward to driving the Processor
Business Group to even higher levels of success and innovation."
Derrick began his career developing simulation models and modeling
methodologies for microprocessor logic and high-frequency analog/RF
devices at Texas Instruments. After that, he worked for IBM
Corporation for eight years in a number of roles-including the
implementation of system controllers for x86, PowerPC, and Power
microprocessors. In 1999, he exclusively founded semiconductor IP
startup, Chicory Systems, and was CEO until the company was sold to
Parthus Technologies-where he served as an executive vice
president. Following a stint with Austin Ventures as an
entrepreneur in residence, he became a founder and CEO of
Conformative Systems, which was later acquired by Intel Corporation
where he was appointed general manager of the Acceleration Products
Division. At these companies, Derrick led the development of
businesses around hardware acceleration co-processors for Java,
multimedia and XML leveraging leading processors such as MIPS as
well as proprietary processor cores. Derrick was granted 19 patents
for his work in systems, software and processors at IBM and has
filed an additional two dozen patents at subsequent companies. He
holds a bachelor's degree in electrical engineering from Iowa State
University. Processor Business Group MIPS Technologies provides the
number one processor architecture across a wide array of
high-growth markets, including digital television, broadband
access, WiFi, cable set-top boxes, DVD recorders, HD DVDs, and
VoIP. The company offers the most comprehensive line of processor
cores available for the embedded market-ranging from
high-performance to low power products with unique efficiencies and
cost advantages for next-generation SoC designs. MIPS Technologies
licenses its intellectual property to leading semiconductor
companies, ASIC developers and system OEMs. As an industry-standard
architecture for more than two decades, MIPS Technologies provides
the most extensive range of scalable microprocessors in standard,
custom, semi-custom and application-specific products worldwide.
The MIPS(R) Ecosystem provides a robust infrastructure of
world-class standard tools, software suites and services to help
ensure rapid, reliable, high-quality and cost-effective SoC
development. About MIPS Technologies, Inc. MIPS Technologies, Inc.
(NASDAQ:MIPS) is the world's second largest semiconductor design IP
company and the number one analog IP company worldwide. With more
than 250 customers around the globe, MIPS Technologies powers some
of the world's most popular products for the digital consumer,
broadband, wireless, networking and portable media
markets-including broadband devices from Linksys, DTVs and
entertainment systems from Sony, DVD recordable devices from
Pioneer, digital set-top boxes from Motorola, network routers from
Cisco, 32-bit microcontrollers from Microchip Technology and laser
printers from Hewlett- Packard. Today, the company owns more than
400 patent properties (patents and applications) worldwide. Founded
in 1998, MIPS Technologies is headquartered in Mountain View,
California, with offices worldwide. For more information, contact
(650) 567-5000 or visit http://www.mips.com/. MIPS is a registered
trademark of MIPS Technologies, Inc in the United States and other
countries. All other trademarks referred to herein are the property
of their respective owners. DATASOURCE: MIPS Technologies, Inc.
CONTACT: Jodi Guilbault of MIPS Technologies, Inc.,
+1-650-567-5035, Web site: http://www.mips.com/
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