Exhibit 12.1
INTEL CORPORATION 2009 FORM 10-K
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES FOR INTEL CORPORATION
(In Millions, Except Ratios)
                                         
    Years Ended  
    Dec. 26,     Dec. 27,     Dec. 29,     Dec. 30,     Dec. 31,  
    2009     2008     2007     2006     2005  
Earnings1
  $ 5,887     $ 8,002     $ 9,166     $ 7,068     $ 12,610  
Adjustments:
                                       
Add — Fixed charges
    136       158       129       144       75  
Subtract — Capitalized interest
    (86 )     (86 )     (57 )     (60 )     (2 )
 
                             
Earnings and fixed charges (net of capitalized interest)
  $ 5,937     $ 8,074     $ 9,238     $ 7,152     $ 12,683  
 
                             
 
                                       
Fixed charges:
                                       
Interest2
  $ 1     $ 8     $ 15     $ 24     $ 19  
Capitalized interest
    86       86       57       60       2  
Estimated interest component of rental expense
    49       64       57       60       54  
 
                             
Total
  $ 136     $ 158     $ 129     $ 144     $ 75  
 
                             
 
                                       
Ratio of earnings before taxes and fixed charges, to fixed charges
    44x       51x       72x       50x       169x  
 
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 statements of operations is not included.