Exhibit 99.2 Semiconductor Co‐Investment Program Announcement David Zinsner Keyvan Esfarjani Executive Vice President and Executive Vice President and Chief Financial Officer Chief Global Operations Officer 1


• Forward‐Looking Statements. This presentation contains certain forward‐looking statements related to the proposed transactions between Intel and Brookfield and certain of their affiliates, including statements regarding the benefits and the timing of the transactions, and to our Semiconductor Co‐ Investment Program (SCIP) and Smart Capital program. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “plan,” “potential,” “project,” “predict,” “seek,” “should,” “target,” “would” and “will” and variations of such words and similar expressions are intended to identify such forward‐looking statements. Such statements are based on management’s expectations as of the date they were first made and involve risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from those expressed or implied in our forward‐looking statements. Such risks and uncertainties include, among others, uncertainties as to the timing of the consummation of the transactions and the potential failure to satisfy the conditions to the consummation of the transactions, including the receipt of CFIUS approval; the availability of government incentives and other legislation, including the CHIPS and Science Act of 2022; business interruptions related to our supply chain; delays, disruptions, challenges or increased costs in Intel’s construction or manufacturing expansion at its Ocotillo campus in Chandler, Arizona, whether due to events within or outside of Intel’s control; expected benefits, including financial benefits, of the transactions or the Smart Capital strategy may not be realized; litigation related to the transactions or otherwise; unanticipated costs may be incurred or undisclosed liabilities assumed; risks related to diverting management’s attention from Intel’s ongoing business operations; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transactions; and other risks detailed in Intel’s filings with the Securities and Exchange Commission (the “SEC”), including those discussed in Intel’s most recent Annual Report on Form 10‐K and in any subsequent periodic reports on Form 10‐Q and Form 8‐K, each of which is on file with or furnished to the SEC and available at the SEC’s website at www.sec.gov. SEC filings for Intel are also available on Intel’s Investor Relations website at www.intc.com. Readers are cautioned not to place undue reliance on these forward‐looking statements, which speak only as of the date they were first made. Unless otherwise required by applicable law, Intel and Brookfield undertake no obligation and do not intend to update these forward‐looking statements, whether as a result of new information, future events or otherwise. • Non‐GAAP Measure. This presentation includes the non‐GAAP measure adjusted free cash flow. We believe this non‐GAAP financial measure is helpful in understanding our capital requirements and sources of liquidity by providing an additional means to evaluate the cash flow trends of our business. We are unable to provide a full reconciliation of this measure to the corresponding GAAP measure without unreasonable efforts, as the amount and timing of related adjustments on a long‐term basis are subject to considerable uncertainty, depend on various factors, and could be material to our results computed in accordance with GAAP. We believe such a reconciliation would also imply a degree of precision that is inappropriate for these forward‐ looking measures. This non‐GAAP financial measure should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. • © Intel Corporation. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others. 2


rd rd Shell Fir Shell Firs st t E Ef ff fe ectiv ctive e Use Use of 3 of 3 Cus Cust tomer omer Go Gov ve ernmen rnment t Semi Co‐In Semi Co‐Inv ve es st t Str Stra at te egy gy Commitmen Commitments ts Incen Incent tiv ives es Pr Progr ogra am m P Pa arty rty F Foundry oundry 3


4


De Det ta ails ils Equity Equity Partners Contributions Intel 51% Br Brookfield ookfield 49% 49% Cash Distributions Pr Project Bene oject Benefits fits Operator Operations and IP Control Intel 5


Financial Financial Bene Benefits fits Construction Production Phase Phase Adj. FCF – SCIP Model Earlier Break‐even Adj. FCF – Traditional Model Financial Financial Acc Acco oun unting ting Note: For illustrative purposes only *Adjusted free cash flow is operating cash flow adjusted for 1) additions to property, plant and equipment, net of proceeds from capital grants and partner contributions, 2) payments on finance leases, and 3) proceeds from the McAfee equity sale 6


Long‐t Long‐term c erm ca apit pita al l in int te ensity nsity t to o ~25% ~25% Str Stro ong balance ng balance s shee heet t Net Capital Intensity % (Net Capex / Revenue) 2021 2022 2023 2024 2025 2026 7


Cus Cust tomer omer G Go ove ver rn nm me ent nt I In nc ce ent nti iv ve es s Cash Cash f fr ro om m Oper Opera at tions ions E Equity quity P Partner artners s Deb Debt t Commits Commits Sources of Funding Capacity Capacity & & Pr Product oduct R&D R&D, , S Softw oftwar are e R&D R&D, , Dividend Dividend & & T Te echnology Dev chnology Developmen elopment t Other Human Other Human C Capit apital al Acquisitions Acquisitions Uses of Funding 8


& 9



Gov Gove ernmen rnment t Capit Capital al G Gr ra an nt ts s Cus Cust tomer Pr omer Pre epa paymen yments ts Semic Semico onduct nducto or r Co‐In Co‐Inv ves estmen tment Pr t Progr ogra am m §§ Consolida Consolidat ted net income/(loss) ed net income/(loss) r re educed/ duced/( (in incr creased) eased) b by y belo below w‐the‐lin ‐the‐line e §§ Con Cont tr ra a D Depr epre ecia ciat tion ion§§ No impact No impact adjus adjust tmen ment t f for net income/(loss) or net income/(loss) a at ttribut tributabl able e t to o non‐c non‐co on nt tr ro olling lling in int te er re es st t shar share e of equity of equity §§ Cash Cash§§ Consolida Consolidat te 100% e 100% o of asse f assets/liabilities ts/liabilities §§ Cash Cash §§ Non‐c Non‐co on nt tr ro olling lling in int te er re es st t is a c is a co omponen mponent t §§ Other long‐t Other long‐term erm liabilities or c liabilities or con ontr tract act §§ Con Cont tr ra a P PP&E P&E of equity of equity liabilities liabilities §§ CFI: Additions CFI: Additions t to o P PP&E P&E§§ CFI: Additions CFI: Additions t to o P PP&E P&E §§ CF CFO: Chang O: Changes es i in n other asse other assets ts a and nd §§ CFI/CFF: CFI/CFF: P Pr ro oceeds ceeds fr from go om gov vernmen ernment t §§ CFF: Con CFF: Contributi tributio ons/(Dis ns/(Dist tr ri ib bu ut tion ions s) ) liabilities liabilities or changes or changes i in n pr prepaid epaid gr gran ants ts fr from/(t om/(to o) partner ) partners s cus cust tomer supply omer supply agr agreemen eements ts §§ Pr Proceeds oceeds fr from go om gov vernmen ernment t gr gran ants ts o of ff fs se et t §§ P Pa artner rtner c co on nt tribution ributions s/(d /(di is st tr ri ib bu utions) tions) §§ Includ Included ed v via ia O Oper pera ating ting c cash flo ash flow ws s ag agains ainst t additions additions t to o P PP&E P&E o offs ffse et t a aga gai in nst st a ad dd di it ti io on ns s to to P PP P& &E E 11