Exhibit 12.1
INTEL CORPORATION 2005 FORM 10-K
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In millions, except ratios)
                                         
    Years Ended  
    Dec. 29,     Dec. 28,     Dec. 27,     Dec. 25,     Dec. 31,  
    2001     2002     2003     2004     2005  
Income before taxes
   $ 2,183     $ 4,204     $ 7,442     $ 10,417     $ 12,610  
Add — Fixed charges net of capitalized interest
     125       133       105       98       73  
 
                              
Income before taxes and fixed charges (net of capitalized interest)
   $ 2,308     $ 4,337     $ 7,547     $ 10,515     $ 12,683  
 
                              
Fixed charges:
                                        
Interest
   $ 56     $ 84     $ 62     $ 50     $ 19  
Capitalized interest
     5       1       —       —       2  
Estimated interest component of rental expense
     69       49       43       48       54  
 
                              
Total
   $ 130     $ 134     $ 105     $ 98     $ 75  
 
                              
Ratio of earnings before taxes and fixed charges, to fixed charges
     18x       32x       72x       107x       169x