MIPS architecture was created in 1981.

How does Intel architecture differ from mips

The Alchemy microprocessor is a low power processor family that uses MIPS architecture developed by Alchemy Semiconductor which was acquired by AMD in 2002.

MIPS stands fro what?

The clock speed refers to how fast the timer the processor runs at. The architecture refers to the design and the types of instructions it will take (e.g. Intel/AMD x86/x86_64, ARM, MIPS to name a few).