EXHIBIT 23.1

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the Registration Statement (Form
S-8) pertaining to the 1998 Long-Term Incentive Plan, Employee Stock Purchase
Plan and the Directors' Stock Option Plan of MIPS Technologies, Inc. of our
report dated July 16, 1999, with respect to the consolidated financial
statements of MIPS Technologies, Inc. included in its Annual Report (Form 10-K)
for the year ended June 30, 1999, filed with the Securities and Exchange
Commission.

                                                          /s/ Ernst & Young LLP

San Jose, California
January 24, 2000