Dr. Jane Shaw Retires from Board of Directors

SANTA CLARA, Calif., May 17, 2012 – Intel Corporation today announced the results from votes at the company’s annual stockholders meeting.

Stockholders approved the following proposals:

• The re-election of Charlene Barshefsky, Andy D. Bryant, Susan L. Decker, John J. Donahoe, Reed E. Hundt, Paul S. Otellini, James D. Plummer, David S. Pottruck, Frank D. Yeary and David B. Yoffie to the board of directors.
• Ratification of Ernst & Young LLP as independent registered public accounting firm for 2012.
• The advisory vote to approve executive compensation.

Stockholders rejected a stockholder proposal that asked for an annual advisory vote on political contributions.

The meeting also marked the retirement of Jane Shaw as chairman of the board of directors. Shaw had served as chairman since 2009.

“Jane has made tremendous contributions to Intel as a member of the board for the past 19 years, as chair of the audit and compensations committees, and most recently as chairman,” said Otellini, Intel’s president and chief executive officer. “Throughout her tenure Jane has provided Intel with the benefit of her extensive leadership experience as she has helped guide the company through significant challenges and growth. We are grateful for her service.”

As previously announced, Bryant will now serve as chairman. Susan Decker has been appointed as lead director.

Complete voting results with respect to the annual meeting is available at http://www.intc.com/.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

Today, Intel released its 2011 Corporate Responsibility Report, which includes highlights from 2011 and new 2020 environmental goals. The 2011 highlights include Intel’s achievements in supply chain, renewable power, employee engagement, green building design and education. The 2020 goals include items such as 25x increases in notebook and data center product energy efficiency and 10 percent reduction in direct greenhouse gas emissions on a per chip basis. View the press release and the full report.

Publishes 2011 Corporate Responsibility Report

"At Intel, corporate responsibility is a crucial component to the overall growth of our business," said Michael Jacobson, Intel's director of corporate responsibility. "From product to customer to employee to environment, corporate responsibility allows Intel to have a greater and more influential impact on industries, communities and the global economy."

Other highlights from the 2011 report include:

Supply Chain Responsibility

• Intel was again recognized in the Gartner Supply Chain Top 25 list for excellence in supply chain management, ranking 16th in 2011, up from 18th in 2010 and 25th in 2009.
• To address the issue of conflict minerals, through the end of 2011, Intel had identified 98 smelter sites and visited 48 of them in 16 countries to lay the groundwork for third-party audits. Intel's goal is to demonstrate that its microprocessors are validated as conflict-free for tantalum by the end of 2012, and to manufacture the world's first microprocessor fully validated as conflict-free across all four minerals (gold, tantalum, tin and tungsten) by the end of 2013.

Renewable Power

• For the past 4 years, Intel has been recognized as the largest voluntary purchaser of green power in the United States, under the U.S. Environmental Protection Agency's Green Power Partnership program.
• Since 2009, Intel has collaborated with third parties to complete 15 solar electric installations across nine Intel campuses in Arizona, California, New Mexico, Oregon, Israel and Vietnam — collectively generating more than 5 million kWh per year of clean energy.
• Since 2001, Intel has invested more than $58 million and completed over 1,563 energy conservation and energy efficiency projects, saving more than 825 million kWh of energy, or the approximate CO₂ emissions from the electricity use of more than 70,933 average U.S. homes for 1 year. These investments also enabled Intel to reduce energy costs in 2011 by $10.9 million.

Employee Engagement

• Since 2008, Intel has linked a portion of its employees' variable compensation to environmental sustainability metrics.
• In 2011, as part of Intel's Environmental Excellence Awards, 62 employee teams from around the world were nominated for their work that helped Intel reduce its environmental impact. In fact, the estimated annual cost savings from the 2011 winning projects exceeded $70 million.
• In 2011, Intel provided $125,000 in funding for nine employee projects via its Sustainability in Action grant program — including the installation of a rainwater harvesting project at a school in Israel and the design of a zero-emissions heating and cooling control and supply system for a local community building in China.
• In 2011, 50 percent of Intel employees donated over 1.1million hours of service through the Intel Involved volunteer program — an average of 13 hours per employee — at 5,100 schools and nonprofit organizations in 45 countries.

Green Building Design and LEED Certification

• By the end of 2011, Intel had achieved LEED Silver Certification for a total of 18 buildings across five sites in Arizona, Costa Rica, China, Israel and Malaysia.

Education

• In 2011, Intel reached its goal of providing professional development through the Intel Teach^® program to over 10 million teachers in more than 70 countries, reaching over 300 million students. In addition, the program was introduced in Uganda, Zimbabwe, Gabon and Tanzania.
• In 2011, Intel launched She Will, a campaign to educate and empower girls and women around the world by fostering equal economic and educational opportunities.

Intel has provided public reports on its environmental, health and safety performance since 1994 and produced an annual Corporate Responsibility Report since 2001. To read the new report, visit www.intel.com/go/responsibility. More information on Intel's corporate responsibility programs can be found at the CSR@Intel blog and on Twitter.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel is a trademark of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

1 Assuming a typical chip size of approximately 1 cm2 (chips vary in size depending on the specific product).

2 Data center energy efficiency is determined by server energy efficiency (as measured by SPECPower_ssj2008 or equivalent publications and using a 2010 baseline of an E56xx series processor-based server platform) as well as technology adoption that raises overall data center work output (such as virtualization technology). Notebook computer energy efficiency is determined by average battery life, battery capacity and number of recharge cycles of volume notebook computers in that model year.

SANTA CLARA, Calif., April 17, 2012 – Intel Corporation today reported quarterly revenue of $12.9 billion, operating income of $3.8 billion, net income of $2.7 billion and EPS of $0.53. The company generated approximately $3.0 billion in cash from operations, paid dividends of $1.0 billion and used $1.5 billion to repurchase stock.

“The first quarter was a solid start to what’s expected to be another growth year for Intel,” said Paul Otellini, Intel president and CEO. “In the second quarter we’ll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond.”

Business Outlook

Intel’s Business Outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after April 17.

Q2 2012 (GAAP, unless otherwise stated)

• Revenue: $13.6 billion, plus or minus $500 million.
  
• Gross margin percentage: 62 percent and 63 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple of percentage points.
  
• R&D plus MG&A spending: approximately $4.6 billion.
  
• Amortization of acquisition-related intangibles: approximately $80 million.
  
• Impact of equity investments and interest and other: loss of approximately $20 million.
  
• Depreciation: approximately $1.6 billion.
  

Full-Year 2012 (GAAP, unless otherwise stated)

• Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a few percentage points, unchanged.
  
• Spending (R&D plus MG&A): $18.3 billion, plus or minus $200 million, unchanged.
  
• Amortization of acquisition-related intangibles: approximately $300 million, unchanged.
  
• Depreciation: $6.4 billion, plus or minus $100 million, down $100 million from prior expectations.
  
• Tax Rate: approximately 28 percent down from prior expectations of 29 percent.
  
• Full-year capital spending: $12.5 billion, plus or minus $400 million, unchanged.
  

For additional information regarding Intel’s results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

Status of Business Outlook

Intel’s Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business June 15 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on April 24. Intel’s Quiet Period will start from the close of business on June 15 until publication of the company’s second-quarter earnings release, scheduled for July 17. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

Q1 Key Financial Information (GAAP)

• PC Client Group revenue of $8.5 billion, down 7 percent sequentially.
  
• Data Center Group revenue of $2.5 billion, down 10 percent sequentially.
  
• Other Intel® architecture group revenue of $1.1 billion, down 2 percent sequentially.
  
• The first quarter of 2012 includes full-quarter revenue contributions from last year’s McAfee and Infineon Wireless Solutions acquisitions of $935 million.
  
• The first quarter of 2012 had 13 weeks while the first quarter of 2011 had 14 weeks.
  

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the second quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be the important factors that could cause actual results to differ materially from the company’s expectations.

• Demand could be different from Intel's expectations due to factors including changes in business and economic conditions, including supply constraints and other disruptions affecting customers; customer acceptance of Intel’s and competitors’ products; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers. Uncertainty in global economic and financial conditions poses a risk that consumers and businesses may defer purchases in response to negative financial events, which could negatively affect product demand and other related matters.
  
• Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel's products; actions taken by Intel's competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel’s response to such actions; and Intel’s ability to respond quickly to technological developments and to incorporate new features into its products.
  
• Intel is in the process of transitioning to its next generation of products on 22nm process technology, and there could be execution and timing issues associated with these changes, including products defects and errata and lower than anticipated manufacturing yields.
  
• The gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; start-up costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; product manufacturing quality/yields; and impairments of long-lived assets, including manufacturing, assembly/test and intangible assets.
  
• The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
  
• Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments.
  
• The majority of Intel’s non-marketable equity investment portfolio balance is concentrated in companies in the flash memory market segment, and declines in this market segment or changes in management’s plans with respect to Intel’s investments in this market segment could result in significant impairment charges, impacting restructuring charges as well as gains/losses on equity investments and interest and other.
  
• Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
  
• Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel's products and the level of revenue and profits.
  
• Intel’s results could be affected by the timing of closing of acquisitions and divestitures.
  
• Intel's results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues, such as the litigation and regulatory matters described in Intel's SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel’s ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.
  

A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the report on Form 10-K for the year ended Dec. 31, 2011.

Earnings Webcast

Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.

Intel plans to report its earnings for the second quarter of 2012 on July 17. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, senior vice president and chief financial officer, at www.intc.com/results.cfm.  A public webcast of Intel’s earnings conference call will follow at 2 p.m. PDT at www.intc.com.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

What would you do for an Ultrabook™? That’s the question Intel is asking in Ultrabook™ Temptations, a series of six light-hearted social experiments filmed in Australia, Indonesia and Thailand and launched on YouTube today. Would you scour Australia’s iconic Bondi beach for an Ultrabook™ buried in the sand? How about ride an escalator up and down all day in Bangkok or compete to be the most excited person in Indonesia.

Hitachi Global Storage Technologies (Hitachi GST) today announced  its new Ultrastar* enterprise-class solid state drive (SSD) family, the industry’s first to use 25-nanometer (nm) single-level cell (SLC) NAND flash. The Ultrastar SSD400S.B family combines Hitachi’s proven enterprise hard disk drive (HDD) expertise with Intel’s extensive capabilities in developing high-endurance SLC NAND flash memory and advanced SSD technology. Learn more at the Intel® SSD online press kit.

$18 Billion in Dividends, Buybacks Returned to Stockholders

SANTA CLARA, Calif., Jan. 19, 2012 – Intel Corporation today reported full-year revenue of $54 billion, operating income of $17.5 billion, net income of $12.9 billion and EPS of $2.39 -- all records. The company generated approximately $21 billion in cash from operations, paid dividends of $4.1 billion and used $14.1 billion to repurchase 642 million shares of stock.

For the fourth quarter, Intel posted revenue of $13.9 billion, operating income of $4.6 billion, net income of $3.4 billion and EPS of 64 cents. The company generated approximately $6.6 billion in cash from operations, paid dividends of $1.1 billion and used $4.1 billion to repurchase 174 million shares of stock.

“2011 was an exceptional year for Intel,” said Paul Otellini, Intel president and CEO.  “With outstanding execution the company performed superbly, growing revenue by more than $10 billion and eclipsing all annual revenue and earnings records. With a tremendous product and technology pipeline for 2012, we’re excited about the global growth opportunities presented by Ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets.”

Business Outlook

Intel’s Business Outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after Jan. 19.

Q1 2012 (GAAP, unless otherwise stated)

• Revenue: $12.8 billion, plus or minus $500 million.
  
• Gross margin percentage: 63 percent and 64 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple percentage points.
  
• R&D plus MG&A spending: approximately $4.4 billion.
  
• Amortization of acquisition-related intangibles: approximately $75 million.
  
• Impact of equity investments and interest and other: approximately zero.
  
• Depreciation: approximately $1.5 billion.
  

Full-Year 2012 (GAAP, unless otherwise stated)

• Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a few percentage points.
  
• Spending (R&D plus MG&A): $18.3 billion, plus or minus $200 million.
  
• R&D spending: approximately $10.1 billion.
  
• Amortization of acquisition-related intangibles: approximately $300 million.
  
• Depreciation: $6.5 billion, plus or minus $100 million.
  
• Tax Rate: approximately 29 percent.
  
• Full-year capital spending: $12.5 billion, plus or minus $400 million.
  

For additional information regarding Intel’s results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

Status of Business Outlook

Intel’s Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business March 16 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on Jan. 26. Intel’s Quiet Period will start from the close of business on March 16 until publication of the company’s first-quarter earnings release, scheduled for April 17. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only, and not subject to an update by the company.

Q4 and 2011 Key Financial Information (GAAP)

Q4 Business unit revenue:

• PC Client Group revenue of $9 billion, up 17 percent year-over-year.
  
• Data Center Group revenue of $2.7 billion, up 8 percent year-over-year.
  
• Other Intel® architecture group revenue of $1.1 billion, up 35 percent year-over-year.
  
• Intel® Atom™ microprocessor and chipset revenue of $167 million, down 57 percent year-over-year.
  
• McAfee Inc. and Intel Mobile Communications contributed revenue of approximately $1 billion.
  

Full Year Business unit revenue:

• PC Client Group had revenue of $35.4 billion, up 17% from 2010.
  
• Data Center Group had revenue of $10.1 billion, up 17% from 2010.
  
• Other Intel architecture group had revenue of $5.0 billion, up 64% from 2010.
  
• Intel Atom microprocessor and chipset revenue of $1.2 billion, down 25% from 2010.
  
• McAfee Inc. and Intel Mobile Communications contributed revenue of $3.6 billion.
  

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the first quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be the important factors that could cause actual results to differ materially from the company’s expectations.

• Demand could be different from Intel's expectations due to factors including changes in business and economic conditions, including supply constraints and other disruptions affecting customers; customer acceptance of Intel’s and competitors’ products; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers. Uncertainty in global economic and financial conditions poses a risk that consumers and businesses may defer purchases in response to negative financial events, which could negatively affect product demand and other related matters.
  
• Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel's products; actions taken by Intel's competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel’s response to such actions; and Intel’s ability to respond quickly to technological developments and to incorporate new features into its products.
  
• Intel is in the process of transitioning to its next generation of products on 22nm process technology, and there could be execution and timing issues associated with these changes, including products defects and errata and lower than anticipated manufacturing yields.
  
• The gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; product mix and pricing; the timing and execution of the manufacturing ramp and associated costs; start-up costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; product manufacturing quality/yields; and impairments of long-lived assets, including manufacturing, assembly/test and intangible assets.
  
• The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
  
• Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments.
  
• The majority of Intel’s non-marketable equity investment portfolio balance is concentrated in companies in the flash memory market segment, and declines in this market segment or changes in management’s plans with respect to Intel’s investments in this market segment could result in significant impairment charges, impacting restructuring charges as well as gains/losses on equity investments and interest and other.
  
• Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
  
• Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel's products and the level of revenue and profits.
  
• Intel’s results could be affected by the timing of closing of acquisitions and divestitures.
  
• Intel's results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust and other issues, such as the litigation and regulatory matters described in Intel's SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting us from manufacturing or selling one or more products, precluding particular business practices, impacting Intel’s ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.
  

A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the report on Form 10-Q for the quarter ended Oct. 1, 2011.

Earnings Webcast

Intel will hold a public webcast at 2:30 p.m. PST today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be made available on the site.

Intel plans to report its earnings for the first quarter of 2012 on April 17. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, senior vice president and chief financial officer, at www.intc.com/results.cfm. A public webcast of Intel’s earnings conference call will follow at 2:30 p.m. PST at www.intc.com.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel, the Intel logo, Intel Atom and Ultrabook are trademarks of Intel Corporation in the United States and other countries.

*Other names and brands may be claimed as the property of others.