Exhibit 99.1


              INTEL COMPLETES MERGER WITH LEVEL ONE COMMUNICATIONS

SANTA CLARA,  Calif.,  August 10, 1999 -- Intel  Corporation today announced the
completion of its merger with Level One Communications, Incorporated, following
the approval of Level One shareholders. As a result of the approval, each Level
One share is converted into .86 shares of Intel stock. Level One will operate as
a wholly owned subsidiary of Intel.

"Level One Communications lays the foundation for Intel to further enhance and
build our communications silicon business," says Mark Christensen, Intel vice
president and general manager, Network Communications Group. "As networks evolve
to incorporate a broader range of services, communications silicon will play in
increasing role in developing networks that support the Internet  Economy."

Intel, the world's largest chip maker, is also a leading manufacturer of
computer, networking and communications products. Additional information about
Intel is available at www.intel.com/pressroom