Definition: gips

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Source: The Free On-line Dictionary of Computing (2003-OCT-10) 

GIPS

   /gips/ or /jips/ [Analogy with MIPS] Giga-Instructions per
   Second (or possibly "Gillions of Instructions per Second"; see
   gillion).

   In 1991, this was used of only a handful of highly parallel
   machines and one sequential processor built with Josephson
   devices.  DEC's Alpha AXP 21164 processor was the first
   commercially available 1 GIPS sequential processor (7 Sep
   1994).  Compare KIPS.

   ["A 1-GIPS Josephson Data Processor", Yuji Hatano et al, IEEE
   J Solid State Circuits, vol 26, 6, June 1991]

   [Jargon File]

   (1994-11-02)

Source: V.E.R.A. -- Virtual Entity of Relevant Acronyms December 2001 

GIPS
        Giga Instructions Per Second (CPU)

Source: Jargon File (4.3.1, 29 Jun 2001) 

GIPS /gips/ or /jips/ n. [analogy with MIPS] Giga-Instructions per
   Second (also possibly `Gillions of Instructions per Second'; see
   gillion). In 1991, this is used of only a handful of highly parallel
   machines, but this is expected to change. Compare KIPS.