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CHIPS AND TECHNOLOGIES FOCUSES MICROPROCESSOR DEVELOPMENT EFFORTS ON SINGLE CHIP SYSTEMS

CHIPS AND TECHNOLOGIES FOCUSES MICROPROCESSOR DEVELOPMENT EFFORTS
 ON SINGLE CHIP SYSTEMS
 SAN JOSE, Calif., Aug. 6 /PRNewswire/ -- CHIPS and Technologies Inc. (NASDAQ: CHPS) today announced a major refocus of the company's future microprocessor development and product direction. CHIPS will focus its microprocessor development efforts on single chip systems for emerging computer and embedded control markets.
 Now that the development effort of the Super386 microprocessor is complete, technical resources that were devoted to discrete X86 microprocessor development have been redirected into the definition and development of single chip systems for emerging computer and embedded control markets. Although the Super386 microprocessors and SuperMath coprocessors are in volume production and continue to gain market share, no further discrete X86-compatible microprocessor announcements are anticipated.
 CHIPS and Technologies president and CEO Gordon A. Campbell said, "In September 1991, CHIPS announced a microprocessor strategy calling for the parallel development of discrete microprocessors and single chip systems such as PC/CHIP. We have now combined those twin development tracks and are focusing future development entirely on the development of single chip system solutions, such as PC/CHIP which is gaining industry acceptance because of its innovative and cost-effective architecture.
 Campbell continued, "CHIPS' expertise is super integration of all the necessary components of a PC. Over the years we have built up technologies embracing processing, logic, graphics, multimedia, and communications. We will exploit this technological strength for the development of single chip system solutions designed to meet the needs of emerging sub-notebook, pen-based, and other portable computers. In addition we will develop products specifically for embedded control markets."
 Campbell added, "The recently announced Fourth Quarter 1992 restructuring charge was taken in anticipation of this change in microprocessor strategy. The charge includes the costs of a reduction in headcount associated with focusing resources on our strategic lines of business."
 CHIPS announced the PC/CHIP single chip PC in September 1991. This product is now in production with OEMs worldwide. The PC/CHIP family and associated derivatives will now become the focus of CHIPS' development efforts. PC/CHIP derivative technologies under development include integrated VGA solutions, 32-bit class processors, embedded controllers, and specialized compute engines. Super386 and SuperMath Product Lines in Volume Production
 Campbell emphasized that CHIPS remains committed to its Super386DX microprocessor and SuperMath coprocessor product lines. Although CHIPS remains confident of its competitiveness in the 80386DX market, the company has elected not to productize Super38600SX and Super38605SX microprocessors. Markets requiring this level of computing will be served by future single chip solutions.
 The SuperMath 38700SX, SuperMath 38700DX, Super38600DX, and Super38605DX products are all in volume production and continue to penetrate both OEM and retail markets worldwide. CHIPS anticipates future sales and design wins for these products and there are no plans to discontinue any of these products.
 CHIPS and Technologies Inc. is the world's leading supplier of integrated silicon, software, and design services to the worldwide microcomputer industry. The company's products include CHIPSystem Architecture microprocessor-based solutions incorporating the SuperState System Management Architecture, VLSI CHIPSets, software accelerators, networking solutions, firmware, and design services. CHIPS common stock is traded over the counter and is listed on the NASDAQ National Market System under the symbol "CHPS."
 -0- 8/6/92
 /CONTACT: Gavin Bourne or Nancy Dusseau of CHIPS and Technologies, 408-434-0600/
 (CHPS) CO: CHIPS and Technologies ST: California IN: CPR SU:


MM-RM -- SJ003 -- 7815 08/06/92 18:19 EDT
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Date:Aug 6, 1992
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