CHIPS & TECHNOLOGIES LICENSES PANACEA'S AUTOCAD DISPLAY ACCELERATOR

LONDONDERRY, NH -- November 6, 1992 -- Panacea Inc. today announced a
nonexclusive licensing agreement with CHIPS & Technologies of San Jose,
California. Under the terms of the agreement, CHIPS will include a
customized version of Panacea's software-based TurboDLD AutoCAD
accelerator with its 82C481 True Color Graphics Accelerator, a single chip
optimized high color engine marketed to graphics card and computer system
OEMs. In addition, Panacea's TurboDLD will support C&T's 64200 Wingine, a
high-performance, low cost graphics accelerator for Microsoft Windows.

Introduced in June, 1992, the 82C481 offers superior graphics performance
for design, engineering, publishing and other graphics-intensive
applications. The product supports 16, 24 and 32 bits per pixel modes, and
supports resolutions up to 2048 x 2048. 82C481-based accelerator cards
offer unprecedented performance for both system data bus and local bus
designs, including performance gains up to 75% faster than competitive
high-end graphics solutions. The 64200 Wingine Windows Accelerator is a
VRAM bus which funnels data from VRAM to the PC's display. Performance is
400% to 800% faster than standard VGA cards running on an AT bus.

According to Jake Richter, Founder of Panacea, "The 82C481 and 64200 are
already being used in a range of high performance graphics accelerator
cards. The product set is uniquely suited to users in Windows, OS/2 and
AutoCAD environments. Panacea's software accelerator combined with C&T's
hardware solutions provide a versatile method of speeding up AutoCAD and
enjoying True Color displays. We are pleased that CHIPS is giving us a
vote of confidence in providing our product to their customers."

Panacea's TurboDLD, customized for CHIPS & Technologies, provides
performance up to 25X faster than AutoCAD by itself in ZOOM, PAN and
REDRAW operations. The product works with AutoCAD Release 12, 3D Studio
Version 2.0, AutoShade 2 with RenderMan, and is backward compatible with
AutoCAD Release 11 and Release 10/386, plus 3D Studio Version 1.0.

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."

Panacea Inc. is the world's leading provider of commercial and OEM display
drivers and software-only applications accelerators for graphics-intensive
applications. Panacea specializes in PC-based software for graphics
processors and graphics boards. In addition to supporting leading SuperVGA
adapters, Panacea markets products that work with 8514/A, TIGA, S3 and XGA
graphics platforms. Corporate headquarters are located at 24 Orchard View
Drive, Londonderry, NH 03053. Phone: 603-437-5022.

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