Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
                 
    Nine Months Ended  
    September 26,     September 27,  
    2009     2008  
Earnings1
   $ 3,294     $ 7,317  
 
                
Adjustments:
                
Add-Fixed charges
     94       102  
Subtract-Capitalized interest
     (54 )     (56 )
 
            
 
                
Earnings and fixed charges (net of capitalized interest)
   $ 3,334     $ 7,363  
 
            
 
                
Fixed charges:
                
Interest2
   $ 1     $ 8  
Capitalized interest
     54       56  
Estimated interest component of rental expense
     39       38  
 
            
 
                
Total
   $ 94     $ 102  
 
            
 
                
Ratio of earnings before taxes and fixed charges, to fixed charges
     35       72  
 
1   After adjustments required by Item 503 (d) of the U.S. Securities and Exchange Regulation S-K.
 
2   Interest within provision for taxes on the consolidated condensed statements of operations is not included.