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Exhibit 21

INTEL CORPORATION
SUBSIDIARIES (All 100% Owned)

Subsidiaries of the Registrant
  State or Other Jurisdiction of Incorporation
Components Intel de Costa Rica, S.A.   Costa Rica
Dialogic Corporation   New Jersey, USA
DSP Communications, Inc.   Delaware, USA
DSPC Telecommunications Limited   Israel
GIGA Denmark Aps   Denmark
Intel Americas, Inc.   Delaware, USA
Intel Asia Finance Limited   Cayman Islands
Intel Commodities Limited   Cayman Islands
Intel Corporation (U.K.) Limited   England and Wales
Intel Electronics Finance Limited   Cayman Islands
Intel Electronics Limited   Israel
Intel International   California, USA
Intel International B.V.   Netherlands
Intel Ireland Limited   Cayman Islands
Intel Kabushiki Kaisha   Japan
Intel Massachusetts, Inc.   Delaware, USA
Intel Online Services, Inc.   Delaware, USA
Intel Overseas Corporation   California, USA
Intel Overseas Funding Corporation   Cayman Islands
Intel Products (M) Sdn. Bhd.   Malaysia
Intel Puerto Rico Limited   Cayman Islands
Intel Semiconductor Limited   Delaware, USA
Intel Technology Finance Limited   Cayman Islands
Intel Technology Phils., Inc.   Philippines
Intel Technology Sdn. Berhad   Malaysia
Level One Communications, Inc.   Delaware, USA
Mission College Investments Limited   Cayman Islands
Xircom, Incorporated   California, USA



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