Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
                 
    Three Months Ended  
    April 1, 2006     April 2, 2005  
Income before taxes
  $ 1,874     $ 3,151  
Adjustments:
               
Add fixed charges
    38       16  
Subtract interest capitalized
    (19 )      
 
           
Income before taxes and fixed charges
  $ 1,893     $ 3,167  
 
           
 
               
Fixed charges:
               
Interest
  $ 7     $ 2  
Capitalized interest
    19        
Estimated interest component of rental expense
    12       14  
 
           
Total
  $ 38     $ 16  
 
           
 
               
Ratio of earnings before taxes and fixed charges, to fixed charges
    50       198