Exhibit 12.1
INTEL CORPORATION 2010 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. 25,     Dec. 26,     Dec. 27,     Dec. 29,     Dec. 30,  
    2010     2009     2008     2007     2006  
Earnings1
   $ 16,221     $ 5,887     $ 8,002     $ 9,166     $ 7,068  
Adjustments:
                                        
Add — Fixed charges
     181       136       158       129       144  
Subtract — Capitalized interest
     (134 )     (86 )     (86 )     (57 )     (60 )
 
                              
Earnings and fixed charges (net of capitalized interest)
   $ 16,268     $ 5,937     $ 8,074     $ 9,238     $ 7,152  
 
                              
Fixed Charges:
                                        
Interest2
   $ —     $ 1     $ 8     $ 15     $ 24  
Capitalized interest
     134       86       86       57       60  
Estimated interest component of rental expense
     47       49       64       57       60  
 
                              
Total
   $ 181     $ 136     $ 158     $ 129     $ 144  
 
                              
Ratio of earnings before taxes and fixed charges, to fixed charges
     90x       44x       51x       72x       50x  
 
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 income is not included.