The chip allows video to be sent and received by the phone across a wireless network.
But the new chip, known as the 386SX, will allow the 386 architecture to be used in computers costing $5,000 or less.
The two separate chips allows for faster readout of the image than would have been otherwise possible, as they can be read out simultaneously.
Those chips would allow electrical devices to communicate with each other.
The chips carry prepaid minutes and allow phone use around the world.
Intel says its new chips should allow computer companies to add video capability to personal computers for half that amount.
The latest chips allow the OS to choose either method.
The chips, now standard in new cellphones, allow satellite technology to track a user's location.
The new chip will allow users to hear colors in stereo and to implant the device.
Multi-core chips also allow higher performance at lower energy.