Exhibit 5.2
[GIBSON, DUNN & CRUTCHER LLP LETTERHEAD]
March 30, 2006
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(415) 393-8200
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42376-00784 |
(415) 986-5309
Intel Corporation
2200 Mission College Blvd.
Santa Clara, CA 95054-8119
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Re:
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Intel Corporation |
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Registration Statement on Form S-3 |
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File No. 333-___ |
Ladies and Gentlemen:
We have acted as counsel to Intel Corporation, a Delaware corporation (the Company), in
connection with the filing by the Company of the Registration Statement on Form S-3 (File No.
333-___) (the Registration Statement) with the Securities and Exchange Commission (the
Commission) on March 30, 2006, pursuant to the Securities Act of 1933, as amended (the
Securities Act), and the Prospectus Supplement dated March 30, 2006, and filed with the
Commission on March 30, 2006 pursuant to Rule 424(b) of the Securities Act relating to the resale
by selling securityholders of the Company of $1,600,000,000 aggregate principal amount of its 2.95%
Junior Subordinated Convertible Debentures due 2035 (the Debentures) and the shares (the
Shares) of the Companys common stock, $0.01 par value per share (the Common Stock), that may
be issued upon the surrender and conversion of the Debentures. The Debentures and the Shares are
being registered pursuant to the Registration Rights Agreement, dated December 16, 2005, by and
among the Company and J.P. Morgan Securities Inc., listed as Exhibit 4.5 to the Registration
Statement.
This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of
Regulation S-K under the Securities Act.
We have examined the originals, or photostatic or certified copies, of such records of the
Company and certificates of officers of the Company and of public officials and such other
documents as we have deemed relevant and necessary as the basis for the opinions set forth below.
In our examination, we have assumed the genuineness of all signatures, the legal capacity and
competency of all natural persons, the authenticity of all documents submitted to us as originals
and the conformity to original documents of all documents submitted to us as copies.
Based upon the foregoing examination and in reliance thereon, and subject to the assumptions
stated and in reliance on statements of fact contained in the documents that we have examined, we
are of the opinion that:
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The Debentures constitute legal, valid and binding obligations of the
Company. |
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The Shares, when issued upon conversion of the Debentures and in
accordance with the terms of the Debentures, will be legally issued, fully paid
and non-assessable shares of Common Stock. |
The opinions set forth in paragraph 1 above are each subject to (i) the effect of any
bankruptcy, insolvency, reorganization, moratorium, arrangement or similar laws affecting the
rights and remedies of creditors generally, including the effect of statutory or other laws
regarding fraudulent transfers or preferential transfers, and (ii) general principles of equity,
including concepts of materiality, reasonableness, good faith and fair dealing and the possible
unavailability of specific performance, injunctive relief or other equitable remedies regardless of
whether enforceability is considered in a proceeding in equity or at law. We express no opinion
regarding the effectiveness of (i) any waiver of stay, extension or usury laws or of unknown future
rights; or (ii) provisions relating to indemnification, exculpation or contribution, to the extent
such provisions may be held unenforceable as contrary to federal or state securities laws.
We render no opinion herein as to matters involving the laws of any jurisdiction other than
the State of New York and the United States of America and the Delaware General Corporation Law.
We are not admitted in practice in the State of Delaware; however, we are generally familiar with
the Delaware General Corporation Law, as currently in effect, and have made such inquiries as we
consider necessary to render the opinions contained herein. This opinion is limited to the effect
of the present state of the laws of the State of New York, the United States of America and, to the
limited extent set forth above, the State of Delaware and the facts as they presently exist. We
assume no obligation to revise or supplement this opinion in the event of future changes in such
laws. We express no opinion regarding the Securities Act of 1933, as amended, or any other federal
or state securities laws or regulations.
We consent to the filing of this opinion as Exhibit 5.2 to the Registration Statement, and we
further consent to the use of our name under the caption Legal Matters in the Registration
Statement and the prospectus that forms a part thereof. In giving these consents, we do not
thereby admit that we are within the category of persons whose consent is required under Section 7
of the Securities Act or the Rules and Regulations of the Commission.
Very truly yours,
/s/ Gibson, Dunn & Crutcher LLP