Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
Six Months Ended
Jun. 28, Jun. 29,
1997 1996
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Income before taxes $ 5,625 $ 2,977
Add fixed charges net of
capitalized interest 23 13
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Income before taxes and fixed
charges (net of capitalized
interest) $ 5,648 $ 2,990
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Fixed charges:
Interest $ 14 $ 8
Capitalized interest 5 17
Estimated interest component
of rental expense 9 5
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Total fixed charges $ 28 $ 30
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Ratio of earnings before taxes and
fixed charges, to fixed charges 202 100
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