Intel to Invest $7 Billion in U.S. Manufacturing Facilities

              2-Year Plan to Focus on Leading-Edge Technologies

Business Wire

WASHINGTON -- February 10, 2009

Intel President and CEO Paul Otellini today announced the company would spend
$7 billion over the next two years to build advanced manufacturing facilities
in the United States. The investment funds deployment of Intel’s
industry-leading 32 nanometer (nm) manufacturing technology that will be used
to build faster, smaller chips that consume less energy.

The commitment represents Intel’s largest-ever investment for a new
manufacturing process.

“We’re investing in America to keep Intel and our nation at the forefront of
innovation,” Otellini said. “These manufacturing facilities will produce the
most advanced computing technology in the world. The capabilities of our 32nm
factories are truly extraordinary, and the chips they produce will become the
basic building blocks of the digital world, generating economic returns far
beyond our industry.”

Intel’s investment will be made at existing manufacturing sites in Oregon,
Arizona and New Mexico and will support approximately 7,000 high-wage,
high-skill jobs at those locations -- part of a total Intel workforce of more
than 45,000 in the U.S. Intel, while generating more than 75 percent of its
sales overseas, carries out roughly 75 percent of its semiconductor
manufacturing in the U.S. At the same time, about 75 percent of the company’s
R&D spending and capital investments are also made in the U.S.

The technology used in Intel’s manufacturing process builds chip circuitry
32nm (32/billionth of a meter or about 1/millionth of an inch) across –
incredibly small, atomic level structures.

The first Intel processors to be built using this technology are codenamed
“Westmere” and will initially be used in desktop and mobile mainstream
systems. Westmere combines Intel’s latest high-performance micro-architecture
(“Nehalem”) with graphics capability integrated into the processor. As a
result, computer manufacturers will be able to increase performance and
simplify system manufacturing compared to current systems. Outstanding 32nm
manufacturing and product health are enabling Intel to accelerate the Westmere
production ramp beginning in 2009. Additional 32nm products will follow in
2010.

Otellini will discuss the importance of new technology and investing for the
future at 9 a.m. EST today during a speech at the Economic Club of Washington,
DC. In addition, Intel executives will be on-hand at an event beginning at 10
a.m. PST in San Francisco to provide the world’s first public demonstration of
a fully functional 32nm based device – the first Westmere processor.
Additional details on these events are available at www.intel.com/pressroom.

Intel (NASDAQ:INTC), the world leader in silicon innovation, develops
technologies, products and initiatives to continually advance how people work
and live. Additional information about Intel is available at
www.intel.com/pressroom and blogs.intel.com.

Intel (and other marks, if applicable) is a trademark of Intel Corporation in
the United States and other countries.

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Contact:

Intel Corporation
Tom Beermann, 408-765-6855
tom.beermann@intel.com
Tom Waldrop, 408-921-6705
tom.waldrop@intel.com