MIPS Technologies, Inc. provides industry-standard processor architectures and cores for home entertainment, networking, mobile, and embedded applications primarily in the United States, Japan, the Pacific Rim, and Europe. The company licenses embedded processor intellectual property in the form of architectures, and implementations and patents. It develops and licenses industry-standard MIPS32 and MIPS64 instruction-set architectures, application specific extensions, core designs in synthesizable and process-optimized forms, and other related intellectual property to semiconductor companies and system original equipment manufacturers. The company also offers various embedded processors that scale across various markets in standard, custom, semi-custom, and application-specific products; and MIPS-Based Systems on Chips. Its technology is used in digital televisions, set-top boxes, Blu-ray players, broadband customer premises equipment, WiFi access points and routers, networking infrastructure and portable/mobile communications, and entertainment products. The company owns approximately 565 patent properties worldwide on various aspects of its technology. MIPS Technologies, Inc. was founded in 1984 and is headquartered in Sunnyvale, California.