EXHIBIT 12.1 INTEL CORPORATION STATEMENT SETTING FORTH THE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION (In Millions of Dollars)
Years Ended --------------------------------------------------------------------------------- Dec. 30, Dec. 29, Dec. 28, Dec. 26, Dec. 25, 1989 1990 1991 1992 1993 -------- -------- -------- ------ -------- Income before taxes $583 $986 $1,195 $1,569 $3,530 Add - Fixed charges net of capitalized interest 112 117 98 68 58 ----- ----- ---- ------- ------- Income before taxes and fixed charges (net of capitalized interest) $695 $1,103 $1,293 $1,637 $3,588 ==== ====== ====== ====== ====== Fixed charges: Interest* $ 96 $ 99 $ 82 $ 54 $ 50 Capitalized interest 6 3 6 11 8 Estimated interest component of rental expense 16 18 16 14 8 ---- ------ ------ ----- ------ Total $118 $ 120 $ 104 $ 79 $ 66 ==== ====== ====== ===== ==== Ratio of earnings before taxes and fixed charges, to fixed charges 5.9x 9.2x 12.4x 20.7x 54.4x
* Interest expense includes the amortization of underwriting fees for the relevant periods outstanding.