EXHIBIT 24.1
 
               CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
 
        We consent to the reference to our firm under the caption "Experts" in
the Registration Statement (Form S-3) and related Prospectus of Intel
Corporation pertaining to Common Stock, Preferred Stock, Depositary Shares,
Debt Securities, Warrants to Purchase Common Stock, Warrants to Purchase
Preferred Stock, Third Party Warrants, Warrants to Purchase Debt Securities,
Foreign Currency Exchange Warrants, Stock Index Warrants, Other Warrants and
Guarantees of Debt Securities of Intel Overseas Corporation, and Intel Overseas
Corporation pertaining to Debt Securities and to the incorporation by reference
therein of our report dated January 17, 1994 with respect to the consolidated
financial statements of Intel Corporation incorporated by reference in its
Annual Report (Form 10-K) for the year ended December 25, 1993 and the related
financial statement schedules included therein, filed with the Securities and
Exchange Commission.
 
                                                               ERNST & YOUNG LLP
 
San Jose, California
October 17, 1994