Exhibit 12.1

INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

		Nine Months Ended
		Oct. 1, 2005				Sept. 25, 2004
Income before taxes		$	9,148			$	7,390
Add fixed charges			52				74
Income before taxes and fixed charges		$	9,200			$	7,464
Fixed charges:
Interest		$	13			$	46
Estimated interest component of rental expense			39				28
Total		$	52			$	74
Ratio of earnings before taxes and fixed charges, to fixed charges			177				101