Wave Computing

After a year-long on-and-on search for a suitor, MIPS has finally found its partner. Today the company has announced that it’s being acquired by Wave Computing, an AI startup with close ties to the company, and whom will be using MIPS’ technology to further advance their own AI product portfolio. MIPS sale has been more than a year in the making, going back to 2017 when Imagination Technologies began shopping the division around in the wake of losing Apple as a GPU customer. Imagination opted to focus exclusively on their GPU and related businesses, leading to the company putting MIPS and other non-GPU divisions up for sale. At the time Imagination was unsuccessful in selling off MIPS, and eventually Imagination itself was acquired by Canyon...