Intel Successfully Completes Offer For Chips And Technologies, Inc.

SANTA CLARA, Calif., Jan. 21, 1998 — Intel Corporation today announced the successful completion of the tender offer by its subsidiary, Intel Enterprise Corporation, for all outstanding shares of common stock of Chips and Technologies, Inc. Approximately 23,162,979 shares of Chips and Technologies common stock were tendered, and accepted representing approximately 97.6 percent of such shares outstanding (includes shares tendered by guaranteed delivery).

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