Exhibit 12.1
INTEL CORPORATION
STATEMENT SETTING FORTH THE COMPUTATION
OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
Six Months Ended
June 26, June 27,
1999 1998
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Income before taxes $ 5,594 $ 3,731
Add fixed charges net of
capitalized interest 32 23
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Income before taxes and fixed
charges (net of capitalized
interest) $ 5,626 $ 3,754
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Fixed charges:
Interest $ 20 $ 15
Capitalized interest 3 4
Estimated interest component
of rental expense 12 8
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Total $ 35 $ 27
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Ratio of earnings before taxes and
fixed charges, to fixed charges 161 139