Exhibit 12.1

 

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION

OF RATIOS OF EARNINGS TO FIXED CHARGES

 

(in millions)

 

     Three Months Ended
     April 2,
2005
    March 27,
2004

Income before taxes

    $ 3,151    $ 2,544

Add fixed charges

      16      28
    
  

Income before taxes and fixed charges

    $ 3,167    $ 2,572
    
  

Fixed charges:

              

Interest

    $ 2    $ 18

Estimated interest component of rental expense

      14      10
    
  

Total

    $ 16    $ 28
    
  

Ratio of earnings before taxes and fixed charges, to fixed charges

      198      92