Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
                 
    Nine Months Ended  
    Sept. 25,     Sept. 26,  
    2010     2009  
Earnings1
   $ 11,999     $ 3,294  
 
                
Adjustments:
                
Add — Fixed charges
     135       94  
Subtract — Capitalized interest
     (95 )     (54 )
 
            
 
                
Earnings and fixed charges (net of capitalized interest)
   $ 12,039     $ 3,334  
 
            
 
                
Fixed charges:
                
Interest2
   $ —     $ 1  
Capitalized interest
     95       54  
Estimated interest component of rental expense
     40       39  
 
            
 
                
Total
   $ 135     $ 94  
 
            
 
                
Ratio of earnings before taxes and fixed charges, to fixed charges
     89       35  
 
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.