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Sundance Award-Winning Director, Hollywood Stars Collaborate on Latest Social Film and Give Viewers Chance to Star as Main Character



  • Based on the success of the original social film, “The Inside Experience,” Portégé® Ultrabook™.
  • Ultrabook devices, inspired by Intel, deliver super performance, have built-in security, wake in a flash and come in sleek and stylish designs.
  • The film brings together top talent in entertainment, technology and social media, starring actor Topher Grace and actress Mary Elizabeth Winstead, directed by Sundance award-winning director Drake Doremus.
  • Viewers will have the chance to play the main character in the film via a global, online casting call on Facebook that kicks off July 24.


IRVINE and SANTA CLARA, Calif., July 24, 2012 – Toshiba’s Digital Products Division (DPD), a division of Toshiba America Information Systems Inc., and Intel Corporation today announced a creative collaboration to deliver a second social film project titled “The Beauty Inside.” Additionally, a global online casting call has been issued to audition for the part of the main character as part of the film experience.


Starring Topher Grace (“That ‘70s Show,” “Spider-Man 3” and “Valentine’s Day”) and Mary Elizabeth Winstead (“Abraham Lincoln: Vampire Hunter,” “Scott Pilgrim vs. The World”) and directed by Sundance award-winning director Drake Doremus (“Like Crazy”), “The Beauty Inside” is a blockbuster-class experiment in social entertainment, brought to life by leading minds in Hollywood, technology and social media.


The global film debuts Thursday, Aug. 16 on Facebook* in the genre of interactive, social entertainment and allows viewers to actively participate by giving them the chance to interact with the main character via social networking. Additionally, multiple viewers around the world will have the chance to audition for the main character, Alex, who showcases how the film’s content transcends national boundaries. Doremus will oversee and direct the film, the main characters as well as the audience by weaving multiple elements of social media into the story, casting and episodes.


“The future of filmmaking is evolving, and social film is largely uncharted territory,” said Doremus, director of the film.“This global film allows us to really push the boundaries of making movies. It’s been an exciting challenge to be tasked with incorporating mass audience participation into this year’s project.”


The film plot follows Alex, a 20-something guy who wakes up every day with a new face and new body. He's a completely different person on the outside, but the same person inside. Alex encounters everyday life challenges including where will he work, what adventures and troubles he will get into as well as a romantic twist. While Alex navigates through his day, he carries and uses a Toshiba Portégé® Ultrabook™ that also serves as his personal journal to document and capture the daily trials and tribulations that come with his ever-changing appearance. Alex’s Ultrabook is an easy and quick way to identify him in each episode. To create Alex’s daily changing appearance, a global online casting call will launch via Facebook on July 24 to provide global viewers a chance to audition for the film and play one of the identities of Alex.


In addition, “The Beauty Inside” will engage the audience through social media and encourage them to connect and interact with Alex via Facebook. The film will be available online in weekly episodes starting on Aug. 16 and continue over 6 weeks. During this time, viewers will be invited to audition for the film as the editing team incorporates auditions and posts that best fit into the episode storyline.


“As we usher in a new era of computing, we are excited to continue to expand the entertainment computing experience on Intel-inspired Ultrabook devices,” said Johan Jervoe, vice president partner marketing, Intel. “This global social film is proof that the right technology can blend two major forms of entertainment and give a global audience the opportunity to be engaged and have a chance to play a role in a blockbuster-style Hollywood movie.”


“The social film is prime example of Toshiba’s commitment to leading innovation,” said Carl Pinto, vice president of marketing, Toshiba America Information Systems, Inc., Digital Products Division. “Our goal is to extend our promise of creating products with a full suite of features and functionality that inspire creativity among a new generation of film and social media fans and engage with them via the online channels that they already use.”


Follow “The Beauty Inside” on Facebook at www.facebook.com/thebeautyinsidefilm. For more information about the Toshiba Portégé® Ultrabook™ featured in the film, visit: http://us.toshiba.com/computers/laptops/portege.



Today, Intel and Toshiba unveiled a new social film "The Beauty Inside" and issued a global online casting call to audition for the part of the main character as part of the film experience.


About Toshiba Corporation
Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation and imagination to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances. Toshiba was founded in 1875, and today operates a global network of more than 550 consolidated companies, with 202,000 employees worldwide and annual sales surpassing 6.1 trillion yen (US$74 billion). Visit Toshiba’s web site at http://www.toshiba.co.jp/index.htm.

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.

The Intel Science and Technology Center for Visual Computing (ISTC) will present several research papers at the upcoming Siggraph 2012. An Intel blog offers a sneak peek at the research from this recently formed center that will be presented. Intel formed the ISTC for Visual Computing to research current computing trends in four keys areas: large-scale gaming, animation, image understanding and graphics systems. More information about Intel overall at Siggraph 2012.

Before you embark on your summer vacation, prepare yourself with these useful apps from Intel AppUpâ„  center. Find the latest flight and hotel package deals from Travelocity. Download HRS Hotel Portal to find the perfect hotel and manage your booking history with access to over 250,000 hotels worldwide. Get up to speed on your destination with Arrivalguides To Go, a thorough guide to surrounding restaurants, sights and more. Learn about various countries, capitals and landmarks with Stack the Countries, a dynamic and educational game where you can level-up on your getaway knowledge.

Intel and the Futures Group are transforming healthcare in Africa through mHealth solutions with eLearning. Intel technology will help create a robust electronic medical records package that will be used to track essential patient health information in rural and hard to reach areas. On August 2, in Nairobi, Intel and the Futures Group will be hosting a workshop that brings together government, the private sector, donors and the international development community to review current eHealth projects and national strategies in Kenya, Nairobi, and Tanzania. For further information read: Transforming eHEALTH with eLEARNING.

SANTA CLARA, Calif., July 17, 2012 – Intel Corporation today reported quarterly revenue of $13.5 billion, operating income of $3.8 billion, net income of $2.8 billion and EPS of $0.54. The company generated approximately $4.7 billion in cash from operations, paid dividends of $1.1 billion and used $1.1 billion to repurchase stock.


"The second quarter was highlighted by solid execution with continued strength in the data center and multiple product introductions in Ultrabooks and smartphones," said Paul Otellini, Intel president and CEO. "As we enter the third quarter, our growth will be slower than we anticipated due to a more challenging macroeconomic environment. With a rich mix of Ultrabook and Intel-based tablet and phone introductions in the second half, combined with the long-term investments we're making in our product and manufacturing areas, we are well positioned for this year and beyond."


Business Outlook

Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures or other investments that may be completed after July 17.


Q3 2012 (GAAP, unless otherwise stated)

  • Revenue: $14.3 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 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: approximately zero.
  • Depreciation: approximately $1.6 billion.


Full-Year 2012 (GAAP, unless otherwise stated)

  • Revenue up between 3 percent and 5 percent year over year, down from the prior expectation for high single-digit growth.
  • Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple points.
  • Spending (R&D plus MG&A): $18.2 billion, plus or minus $200 million, down $100 million from prior expectations.
  • Amortization of acquisition-related intangibles: approximately $300 million, unchanged.
  • Depreciation: $6.3 billion, plus or minus $100 million, down $100 million from prior expectations.
  • Tax Rate: approximately 28 percent, unchanged.
  • 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 Sept. 14 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 July 24. Intel's Quiet Period will start from the close of business on Sept. 14 until publication of the company's third-quarter earnings release, scheduled for Oct. 16. 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.


GAAP Financial Comparison
Q2 2012Q1 2012vs. Q1 2012
Revenue$13.5 billion$12.9 billionup 5%
Gross Margin63.4%64.0%down 0.7 pts.
Operating Income$3.8 billion$3.8 billionup 1%
Net Income$2.8 billion$2.7 billionup 3%
Earnings Per Share54 cents53 centsup 2%



Non-GAAP Financial Comparison
Q2 2012Q1 2012vs. Q1 2012
Gross Margin64.4%65.1%down 0.7 pts.
Operating Income$4.1 billion$4.0 billionup 1%
Net Income$3.0 billion$2.9 billionup 3%
Earnings Per Share57 cents56 centsup 2%
Non-GAAP results exclude the amortization of acquisition-related intangible assets and the related income tax effect of these charges.


Q2 Key Financial Information (GAAP)

  • PC Client Group revenue of $8.7 billion, up 3 percent sequentially.
  • Data Center Group revenue of $2.8 billion, up 14 percent sequentially.
  • Other Intel® architecture group revenue of $1.1 billion, up 3 percent sequentially.

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the third 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.
  • 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.
  • 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 company's most recent Form 10-Q and Form 10-K.


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 third quarter of 2012 on Oct. 16. 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 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.

Intel SSD 330 straight photo.jpg

Intel adds 240GB capacity to its Intel® SSD 300 Series consumer solid-state drive product line.

Intel is expanding the capacity range for its popular consumer solid-state drive (SSD), the Intel® SSD 330 Series, with a new 240 gigabyte (GB) model. In addition, the company has lowered suggested reseller pricing on a number of Intel® Solid-State Drives including the Intel® SSD 520 Series, 330 Series and 320 Series product lines.

In a move that will deliver connectivity on-the-go for the ultimate mobile device, Sprint today became the first U.S. wireless provider to offer an Ultrabook™ with the launch of Lenovo IdeaPad® U310 Ultrabook in a unique bundled offer that includes a 3G/4G Mobile Hotspot device at no additional charge. The Lenovo IdeaPad U310 will be available for $799.99 (plus tax), and will also include three months of free Mobile Broadband service with a two-year Sprint Mobile Broadband service agreement. For more information, click here.


  • Intel Federal LLC wins $19 million contract to apply new approaches to extreme-scale computing research and development.
  • Research and development will cover a number of areas including memory research and how to achieve more reliable and energy-efficient processor technology.
  • Efforts will align with the U.S. Government's commitment to using high performance computing to solve numerous societal challenges involving energy, security and the economy.



Santa Clara, Calif., July 13, 2012 – With the U.S. Government increasingly using high- performance computing (HPC) to address current and future national challenges, Intel Corporation today announced it has been awarded two subcontracts totaling $19 million with the U.S. Department of Energy (DOE). As part of these two awards, Intel® Federal LLC, a wholly owned subsidiary, will be a major participant in the Lawrence Livermore National Security, LLC (LLNS) managed Extreme-Scale Computing Research and Development "FastForward" program aimed at driving advancements in exascale computing.


The DOE has been a leading developer of supercomputing technology for a broad range of critical applications in the space of national security, economy, energy resources and consumption. The "FastForward" program will harness the talents of the national laboratories, academia and U.S. industry to develop the next generation of HPC technologies.


Intel Federal, which offers the U.S. Government access to the breadth and depth of Intel's capabilities in research, development, prototyping and engineering services, will combine innovativeand traditional activities to achieve improved resilience on next-generation, energy-efficient scalable processor technology. Intel's memory research, in particular, will evaluate how next-generation memory architectures, combined with processing power, provide optimal, energy-efficient performance for a broad range of DOE applications and other HPC workloads.


"High-performance computing is a transformative technology that will allow current and future generations of scientists and engineers to develop breakthrough advancements to address our most pressing societal issues." said David Patterson, president of Intel Federal LLC. "This is a great example of how public-private partnerships will significantly help move high performance computing forward and push the boundaries of innovation."


Intel aims to achieve Exascale-level computation by the end of the decade, and has made significant investments in areas that will increase its capabilities. These include development of new generations of Intel Xeon processors with entirely new Intel® Many Integrated Core architecture based Intel Xeon Phi co-processors. In addition, Intel's recent acquisitions of Infiniband and interconnect assets from QLogic and Cray will help dramatically increase the speed of data delivered on Exascale-class platforms.


"The Exascale level of performance will open new predictive scientific simulation possibilities that will impact the lives of every human being. From long term weather forecasting and developing drugs for the most severe diseases to analyzing new ways to use energy efficiently, science and engineering researchers need much more compute capacity than is available today in Petascale systems. The challenge is to deliver 1,000 times the performance of today's Petascale computers with only a fraction more of the system's energy consumption and space requirements. Exascale systems are critical for achieving the Department's goals - to ensure national security and promote scientific advancements." – said Dr. William J. Harrod, Division Director of Research in the DOE Office of Science's Advanced Scientific Computing Research. "The primary objective of the Department's FastForward effort is to begin the long term R&D necessary to impact systems at the end of the decade. The development of entirely new high performance, energy-efficient processor and memory technologies are essential for developing Exascale systems and Intel is initiating highly innovative designs for these components."


"Within the next five to ten years, we anticipate that our partnerships with Intel and others in the FastForward program will produce breakthroughs that will have profound impacts for the HPC community." – said Thuc Hoang, National Nuclear Security Administration's Office of Advanced Simulation and Computing.


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.

Today, Intel released their WHQL-certified graphics driver for the Microsoft's upcoming Windows 8 operating system. The driver runs on Windows 8 Release Preview with support for 3rd generation Intel® Core™ processors with HD Graphics 4000/2500 and 2nd generation Intel Core processors with Intel HD Graphics 3000/2000. The driver also provides support for OpenGL 4.0 and Windows Display Driver Model Version 1.2 (WDDM1.2) features such as native stereoscopic 3D support, optimized screen rotation detection and integrated DirectX 11 video playback.  Intel encourages users to try the latest driver and provide feedback for future releases.

Mobile technology in the classroom has become a hot topic for educators, parents and politicians. Leaders from LEGO Education, Adaptive Curriculum, BrainPOP, and PASCO Scientific discuss how mobility is making learning more fun and engaging for students of all ages. 60 Second Insights, a video series launched earlier this year, brings together a variety of unique perspectives from entertainment, art, technology, business, culture, youth and more to explain how mobility touches various parts of our lives.

NextBio announced plans today for the use of Big Data technologies in genomics on Intel-based hardware and software platforms. The collaboration with Intel will further scale the NextBio platform to handle millions of genomes, enabling life science researchers and clinicians to effectively make discoveries and translate biological research into improved clinical medicine. Complex data requiring compute-intensive analysis needs not only Big Data open source, but a combination of hardware and software management optimizations to help deliver needed scale with a high ROI. Intel is working closely with NextBio to deliver this showcase reference to the Big Data community and life science industry.

Honeybees provide up to 90 percent of the crop pollination that results in one third of our daily diet, however the U.S. honeybee population is declining at an alarming rate. To help revive the declining honeybee population, a team of Intel employees installed five bee boxes housing 200,000 bees on Intel's Folsom campus last month. The initiative was funded through Intel’s Sustainability in Action grant program, where employees can submit project ideas that foster environmental sustainability. In 2011, Intel provided $125,000 in funding for nine employee projects. To learn more about this project, read the blog post.

Whether you're spending the summer traveling or taking advantage of a stay-cation, make sure to download these apps from Intel AppUp® center. Use Grooveshark, a worldwide music library with no audio ads or listening limits. Catch up with your favorite Bollywood movies and the latest Bollywood celebrity news with Bollywood Movies & More. Get re-organized with Seesmic Ping, an app that allows for simultaneous posting to several social media accounts, including Facebook and Twitter. Share your vacation pictures and videos among all your devices with SugarSync, which enables you to sync and backup across platforms.

Intel Capital has made its first ever Ghana investment in Rancard Solutions, a provider of cloud-based mobile software. Ghana marks the 52nd country Intel Capital has invested in globally and is the second investment in Africa following the 2011 investment in South Africa's Altech. Rancard joins Intel Capital’s extensive list of technology investments in emerging markets including Brazil, Russia, Vietnam and India. With approximately half of investments made internationally, Intel Capital actively seeks innovation all over the world, with the intention of enabling each region to develop a thriving technology ecosystem. Learn more about Intel Capital's investment in Rancard here.


  • Intel commits €829 million (approximately $1.0 billion) to ASML's research and development programs to help accelerate deployment of new technologies for 450-millimeter (mm) wafers and extreme ultra-violet (EUV) lithography by as much as two years
  • Intel to also initially purchase 10 percent of pre-transaction issued shares of ASML for €1.7 billion (approximately $2.1 billion) and commit to purchase an additional 5 percent of post-transaction issued shares as part of ASML's program to enable minority investments of up to a 25 percent equity stake to its largest customers
  • R&D funding and equity investment agreements totaling €3.3 billion (approximately $4.1 billion)
  • Continued research and development in the field of lithography is critical to the long-term growth of the semiconductor industry


SANTA CLARA, Calif., July 9, 2012 – Intel Corporation today announced it has entered into a series of agreements with ASML Holding N.V. intended to accelerate the development of 450-millimeter (mm) wafer technology and extreme ultra-violet (EUV) lithography totaling €3.3 billion (approximately $4.1 billion). The objective is to shorten the schedule for deploying the lithography equipment supporting these technologies by as much as two years, resulting in significant cost savings and other productivity improvements for semiconductor manufacturers.


To achieve this, Intel is participating in a multi-party development program that includes a cash contribution by Intel to fund relevant ASML research and development (R&D) efforts as well as equity investments in ASML. The first phase of this program consists of Intel committing to R&D funding of €553 million (approximately $680 million) to assist ASML in accelerating the development and delivery of 450-mm manufacturing tools, as well as an equity investment of €1.7 billion (approximately $2.1 billion) for approximately 10 percent of ASML's pre-transaction issued shares. Intel will record the R&D investment as a combination of R&D expense and pre-payments on future tool deliveries.


The second phase of the program is conditioned upon ASML shareholder approval. It includes an additional commitment by Intel of R&D funding of €276 million (approximately $340 million) in ASML focused on accelerating EUV, as well as an equity investment of €838 million (approximately $1.0 billion) for an additional 5 percent of ASML post-transaction issued shares.


Intel will then hold a total of 15 percent of ASML's issued shares. The total equity investment will be €2.5 billion (approximately $3.1 billion). As part of these agreements, Intel is also committing to advanced purchase orders for 450-mm and EUV development and production tools from ASML.


Both phases of the program are subject to standard closing conditions, including customary regulatory approvals. The companies expect both phases of the transaction to close after the shareholder vote in the third quarter.


Summary of Agreements


Phase 1 450-mm LithographyPhase 2 EUV LithographyTotal
R&D Investment in ASML€553 million (~$680 million) over 5 yearsIncremental €276 million (~$340 million) over 5 years€829 million (~$1.0 billion) over 5 years
Equity Investment in ASML€1.7 billion (~$2.1 billion), 10 percent of pre-transaction sharesIncremental €838 million (~$1.0 billion), 5 percent of post-transaction shares€2.5 billion (~$3.1 billion) 15 percent of post-transaction shares
Total€2.2 billion (~$2.7 billion)€1.1 billion (~$1.4 billion)€3.3 billion (~$4.1 billion)
StatusPending regulatory approvalPending regulatory and ASML shareholder approvals


"Productivity improvements driven by enhanced wafer manufacturing technologies, especially larger silicon wafers and enhanced lithography technologies with EUV are direct enablers of Moore's Law, which delivers significant economic benefits to consumers," said Brian Krzanich, Intel senior vice president and chief operating officer. "The transition from one wafer size to the next has historically delivered a 30 to 40 percent reduction in die cost and we expect the shift from today's standard 300-mm wafers to larger 450-mm wafers to offer similar benefits. The faster we do this, the sooner we can gain the benefit of productivity improvements, which creates tremendous value for customers and shareholders."


ASML has stated its intention to sell up to a 25 percent aggregate stake in the company (on a post-transaction basis) to Intel and other semiconductor manufacturers in this program. ASML is currently in discussions with other customers and has publicly indicated it expects others in the industry to participate in the R&D and equity program. Regardless of the outcome of ASML's discussions with other customers and upon completion of this two-phase program, Intel's ownership stake in ASML will not exceed 15 percent of ASML's post-transaction issued shares and will be subject to lock-up and voting restrictions.


Intel intends to fund its R&D and equity investments in ASML from cash on hand at its offshore subsidiaries.


"We are extremely encouraged that Intel has made these investments, which will benefit every semiconductor manufacturer in the industry," said Eric Meurice, president and chief executive officer of ASML. "We hope to be able to announce additional investments by our other customers in the coming weeks."


A critically important aspect of this transaction is the additional funding it provides for ASML's industry-leading EUV development program. When deployed in conjunction with 450-mm wafer production, the productivity and cost benefits of EUV will be substantial for Intel and other semiconductor manufacturers. Intel was involved in the formation of the first EUV consortium in 1997. With these additional R&D investments for EUV, ASML and Intel hope to help lead the semiconductor industry in the transition to this critical technology.


Risk Factors

This press release contains forward-looking statements regarding the proposed transactions between Intel and ASML, including but not limited to statements regarding future Intel equity investments in ASML; future Intel R&D investments in ASML and in the development of 450-mm wafer technology and EUV lithography and production tools; the timing and benefits of developments in 450-mm wafer technology and EUV lithography; Intel's intentions regarding purchase orders for 450-mm and EUV development and production tools; and ASML's intentions regarding R&D and equity investments by third parties. Actual events or results may differ materially from those contained in these forward-looking statements. Among the important factors that could cause future events or results to vary from those addressed in the forward-looking statements are risks and uncertainties arising from, among other things, the possibility that one or more closings of the transactions may be delayed or may not occur; difficulties or delays in research and development of 450-mm and EUV technologies; the ability of Intel and ASML to retain key employees and customer and supplier relationships; demand for and market acceptance of products produced using such technologies or competing technologies; developments in competing technologies; pricing pressures and actions taken by competitors; the timing and execution of the manufacturing ramp, and manufacturing yields, at Intel's production facilities; and litigation or regulatory matters involving intellectual property, antitrust and other issues that could affect the closings of the transactions, the future operation of Intel or ASML and/or Intel's or other entities' dealings with ASML.


In addition, please refer to the documents that Intel files with the SEC on Forms 10-K, 10-Q and 8-K. The filings by Intel identify and address other important factors that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this press release. Intel is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.


EDITOR'S NOTE: A conference call hosted by Intel executives is planned for 2:15 p.m. PDT. To view the webcast live, please visit http://investor.shareholder.com/media/eventdetail.cfm?eventid=116011&CompanyID=ABEA-3VZHGF&e=1&mediaKey=A21887C59EBAAC12F1BCF4D43C080953


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.

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