The reason the PSP runs PS1 games so well is that its MIPS R4000 processor is a descendant of the processor found in the original PlayStation. While the PSP’s CPU runs at a higher clock speed (333 MHz vs the PS1’s 33 MHz), the instruction set is similar enough that the PSP doesn't need to "software emulate" the PS1 in the heavy way a PC or Android phone would. It can run the code natively with a translation layer (POPS). This results in near-perfect performance for titles like Final Fantasy VII , Castlevania: Symphony of the Night , and Metal Gear Solid .
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