EXHIBIT (A)(8)
 
    PRESS RELEASES, DATED JULY 28, 1997 AND AUGUST 1, 1997, ISSUED BY INTEL
 
CONTACT: Gordon Casey
INTEL CORPORATION
(408) 765-1679
 
FOR IMMEDIATE RELEASE:
 
            INTEL CORPORATION COMMENCES CHIPS AND TECHNOLOGIES, INC.
                                  TENDER OFFER
 
     SANTA CLARA, CA, August 1, 1997--Intel Corporation today commenced its
previously announced tender offer for the purchase of all outstanding shares of
Common Stock of Chips and Technologies, Inc. (Nasdaq: CHPS) not currently owned
by Intel Corporation or its affiliates at a price of $17.50 net per share in
cash. The offer is being made pursuant to the previously announced merger
agreement between Intel Corporation and Chips and Technologies, Inc. under
which, if the tender offer is consummated, Intel Corporation will be obligated
to acquire any remaining Chips and Technologies, Inc. shares in a cash merger at
the same price as paid in the tender offer. Intel Corporation and its affiliates
currently own none of the outstanding shares of Chips and Technologies, Inc.
Common Stock and no options for such stock.
 
     The offer and withdrawal rights will expire at Midnight, New York City
time, on Thursday, August 28, 1997, unless Intel Corporation elects (subject to
the terms of its agreement with Chips and Technologies, Inc.) to extend the
offer. D.F. KING & Co., Inc. ("King") is acting as information agent. King may
be contacted (toll-free) at (800) 758-7358.
 
<TABLE>
<S>                                                         <C>
CONTACT:  Tom Waldrop (Intel)                               Bruce LeBoss
(408) 765-8478                                              (Chips and Technologies)
                                                            (408) 541-8744
</TABLE>
 
                 INTEL TO ACQUIRE CHIPS AND TECHNOLOGIES, INC.
 
                        INVESTS IN ADVANCED GRAPHICS TO
                   ACCELERATE VISUAL COMPUTING IN MOBILE PCS
 
SANTA CLARA, Calif., July 28, 1997--Intel Corporation today announced it has
entered into a definitive agreement to acquire Chips and Technologies, Inc.,
based in San Jose, California. The acquisition is aimed at advancing
capabilities for graphics and visual computing in mobile personal computers.
 
     The terms of the agreement provide for Intel to commence a cash tender
offer in the near future for all outstanding shares of Chips and Technologies at
a price of $17.50 per share. The terms further provide for a merger of Chips and
Technologies with a subsidiary of Intel in which all remaining outstanding
shares of Chips and Technologies will be converted into the right to receive
$17.50 per share. The transaction is subject to regulatory approval and other
conditions.
 
     "As we aggressively drive improved visual computing capabilities to the
personal computer, graphics solutions are an increasingly important part of
mobile PC platforms," noted Craig R. Barrett, Intel's president and chief
operating officer. "Intel and Chips and Technologies already share an excellent
working relationship based on our joint efforts in graphics accelerators.
Intel's acquisition of Chips and Technologies will provide us with the ability
to bring strong graphics solutions to the mobile marketplace."
 
     "The need for advanced graphics in mobile systems is significant," stated
Jim Stafford, Chips and Technologies president and chief executive officer. "We
look forward to being a part of Intel and to working together to accelerate the
establishment of advanced graphics technologies and standards for the mobile
industry."
 
INNOVATORS IN ADVANCED DISPLAY CAPABILITIES FOR MOBILE COMPUTERS
 
Chips and Technologies is currently the market segment leader for notebook
graphics accelerator chips. The company has industry-leading technology, such as
HiQColor in graphics accelerators for the mobile computing market segment and
flat panel displays. Chips and Technologies is currently sampling graphics
accelerators with integrated memory.
 
     Chips and Technologies will become a wholly owned subsidiary of Intel
Corporation and part of Intel's Graphics Components Division. Jim Stafford,
Chips and Technologies president and chief executive officer, will join Intel as
a vice president of the Company's Desktop Products Group. He will team with
Avtar Saini, vice president and general manager of the Platform Components
Division, to co-manage Intel's Graphics Component Division in Folsom and San
Jose, California.
 
     Current Chips and Technologies employees will become employees of Intel.
Intel does not anticipate any immediate changes to Chips and Technologies
product line, and Chips and Technologies will continue to manufacture and
provide its products to customers under existing arrangements for the
foreseeable future.
 
     Intel, the world's largest chip maker, is also a leading manufacturer of
personal computer, networking, and communications products. Additional
information is available at www.intel.com/pressroom.