Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
                 
    Nine Months Ended  
    Sept 30, 2006     Oct 1, 2005  
Income before taxes
  $ 4,941     $ 9,148  
Adjustments:
               
Add fixed charges
    108       52  
Subtract interest capitalized
    (45 )      
 
           
Income before taxes and fixed charges
  $ 5,004     $ 9,200  
 
           
 
               
Fixed charges:
               
Interest
  $ 20     $ 13  
Capitalized interest
    45        
Estimated interest component of rental expense
    43       39  
 
           
Total
  $ 108     $ 52  
 
           
 
               
Ratio of earnings before taxes and fixed charges, to fixed charges
    46       177