Financial Results

“ We made tremendous progress across the business in 2012 as we entered the market for smartphones and tablets, worked with our partners to reinvent the PC, and drove continued innovation and growth in the data ® center. Our strong product pipeline has us well-positioned to bring a new wave of innovations across the spectrum of computing.”

Paul S. Otellini, President and Chief Executive Officer

Net Revenue Diluted Earnings Per Share Dividends Per Share Paid Dollars in billions Dollars Dollars

60 2.50 1.00 2.39 54.0 53.3 0.87 50 2.13 2.00 2.01 0.80 0.78 43.6 40 38.8 38.3 37.6 0.63 35.4 35.1 1.50 0.60 34.2 0.55 0.56 30 30.1

1.00 0.92 0.40 20 0.77

10 0.50 0.20 ™ 03 04 05 06 07 08 09 10 11 12 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 www.intel.com News and information about Intel® products and technologies, customer Capital Additions to Property, Cash from Operations Plant and Equipment Research and Development support, careers, worldwide locations, Dollars in billions Dollars in billions Dollars in billions and more. 25 12.0 12.0 10.8 11.0 21.0 10.1 20 18.9 9.0 9.0 8.4 16.7 15 6.6 6.0 6.0 5.7 5.7 10.9 11.2 5.2 5.2 10 4.5

3.0 3.0 5

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 www.intc.com Stock information, earnings and conference webcasts, annual reports, and corporate governance and Past performance does not guarantee future results. This Annual Report to Stockholders contains forward-looking statements, and actual results could differ materially. historical financial information. 2012 Annual Report Risk factors that could cause actual results to differ are set forth in the “Risk Factors” section and throughout our 2012 Form 10-K, which is included in this Annual Report. Financial Results

“ We made tremendous progress across the business in 2012 as we entered the market for smartphones and tablets, worked with our partners to reinvent the PC, and drove continued innovation and growth in the data ® center. Our strong product pipeline has us well-positioned to bring a new wave of Intel innovations across the spectrum of computing.”

Paul S. Otellini, President and Chief Executive Officer

Net Revenue Diluted Earnings Per Share Dividends Per Share Paid Dollars in billions Dollars Dollars

60 2.50 1.00 2.39 54.0 53.3 0.87 50 2.13 2.00 2.01 0.80 0.78 43.6 40 38.8 38.3 37.6 0.63 35.4 35.1 1.50 0.60 34.2 0.55 0.56 30 30.1

1.00 0.92 0.40 20 0.77

10 0.50 0.20 ™ 03 04 05 06 07 08 09 10 11 12 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 www.intel.com News and information about Intel® products and technologies, customer Capital Additions to Property, Cash from Operations Plant and Equipment Research and Development support, careers, worldwide locations, Dollars in billions Dollars in billions Dollars in billions and more. 25 12.0 12.0 10.8 11.0 21.0 10.1 20 18.9 9.0 9.0 8.4 16.7 15 6.6 6.0 6.0 5.7 5.7 10.9 11.2 5.2 5.2 10 4.5

3.0 3.0 5

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 www.intc.com Stock information, earnings and conference webcasts, annual reports, and corporate governance and Past performance does not guarantee future results. This Annual Report to Stockholders contains forward-looking statements, and actual results could differ materially. historical financial information. 2012 Annual Report Risk factors that could cause actual results to differ are set forth in the “Risk Factors” section and throughout our 2012 Form 10-K, which is included in this Annual Report. Letter From Your CEO 2012 Highlights Letter From Your Chairman Investor Information

In 2012, Intel delivered revenue of $53.3 billion, power consumption—great attributes for any market, but particularly After 30 years at Intel, I am honored to write my Investor materials. Intel’s Investor Relations web site contains the strategic importance of investing in our people. We support this net income of $11.0 billion, and earnings per for mobile computing. first letter as your Chairman. Intel is one of the background on our company and our products, financial information, value by cultivating a safe, respectful, and ethical work environment share of $2.13. We generated approximately Six major mobile providers launched Intel processor-based world’s most innovative companies, known not only frequently asked questions, and our online annual report, as well as that enables employees to thrive both on the job and in their $18.9 billion in cash from operations, and our smartphones in 2012. processor-based tablets and tablet Two-for-one for its products and profits but also for its ethics other useful information. For investor information, including additional communities. We measure our progress each year by soliciting gross margin of 62.1% was at the top end of convertibles running Windows 8 are also shipping worldwide, offering computing and governance. I look forward to working with copies of our annual report/10-K, 10-Qs, or other financial literature, employee feedback through our annual Organizational Health Survey. our historical gross margin range for the third thin and light designs, up to 10 hours of battery life in typical active the Board of Directors to extend that record of visit our web site at www.intc.com or call Intel at (408) 765-1480 In 2012, Intel was again named to Fortune magazine’s Best Companies year in a row. We increased R&D spending as we made investments usages, and compatibility with more than 4 million Intel® architec- innovation while ensuring that the company continues to do the right (U.S.); (44) 1793 403 000 (Europe); (852) 2844 4555 (Hong Kong); to Work For list. More information is available at www.intel.com/jobs. across smartphones, tablets, Ultrabook™ systems, the data center, ture applications. thing for stockholders, customers, employees, and communities. (81) 298 47 8511 (Japan). Caring for the planet. We believe that technology plays a fundamental and manufacturing. Worldwide economic growth in 2012 was Data storage and high-performance computing As part of our commitment to increase stockholder value, the Board Intel on NASDAQ. Intel’s common stock trades on The NASDAQ Global role in finding solutions to the world’s environmental challenges. significantly lower than we had anticipated entering the year, and Demand for transistors in servers, storage, and networking continues began authorizing the return of cash to stockholders through the Select Market* under the symbol INTC. Intel is a recognized leader in sustainability for the ways we work to the PC market segment was impacted by the growth of tablets. to grow. Between 2009 and 2012, the total available market for cloud repurchase of Intel stock in the open market in 1990, and payments of Direct stock purchase plan. Intel’s Direct Stock Purchase Plan allows minimize the environmental impacts of our operations and design Although our financial results were below our initial expectations, computing processors tripled, and by 2015 we expect that more than dividends in 1992. Through year-end 2012, the repurchase and dividend stockholders to reinvest dividends and purchase Intel common stock products that are increasingly energy efficient. In2012 , for the fifth Unprecedented innovation in Ultrabook™ systems we launched cutting-edge products in every major business 3 billion connected users and 15 billion connected devices will be programs had returned $118.4 billion to stockholders. Intel used $4.8 on a weekly basis. For more information, contact Intel’s transfer agent, year in a row, Intel was the largest voluntary purchaser of green power segment and extended our manufacturing leadership. Touch-enabled convertible and detachable Ultrabook™ systems combine billion to repurchase 191 million shares of stock in 2012, and completed Computershare Investor Services, LLC, by phone at (800) 298-0146 according to the U.S. Environmental Protection Agency. To underscore driving more than 1,500 exabytes of cloud traffic per year. Working the productivity of a notebook with the convenience of a laptop. Intel a senior notes offering of $6.2 billion, in part to fund the additional re- (U.S. and Canada) or (312) 360-5123 (worldwide), or by e-mail through the importance of sustainability to our business, we again included an Fulfilling our vision with our McAfee subsidiary, we are helping to build confidence in expects another wave of Ultrabook device innovation in 2013, with Intel has an ambitious vision: Create and extend computing private and public clouds through security solutions for the data center, the arrival of the company’s next-generation “Haswell” processor. purchase of Intel stock. Intel’s dividend payout for 2012 was $4.4 billion, Computershare’s web site at www.computershare.com/contactus. environmental component in the formula used to determine the technology to connect and enrich the life of every person on Earth. network connections, and devices that connect to the cloud. including a 7% increase in the dividend starting in the third quarter. Transfer agent and registrar. Computershare Investor Services, LLC, payout for employee and executive variable compensation. We also We made tremendous progress toward achieving that vision in In 2012, we introduced the first Intel® Phi™ coprocessor, The Board also authorized significant strategic investments in 2012, 250 Royall Street, Canton, MA 02021 USA. Stockholders may call continued to collaborate with others to drive global standards for 2012 by delivering the world’s most advanced silicon technology. a 60-core teraflop product designed for climate research, genomics, so that Intel can continue to build innovative products at competitive (800) 298-0146 (U.S. and Canada) or (312) 360-5123 (worldwide), products and manufacturing that ensure energy-efficient performance. We ramped shipments of 22-nanometer (nm) processors with Intel’s and other high-performance, highly parallel computing applications. costs. Most of Intel’s 2012 capital spending of $11 billion went toward or send e-mail through Computershare’s web site at More information is available at www.intel.com/go/environment. breakthrough 3-D Tri-Gate transistor technology while building We also launched an Intel® Xeon® processor family designed for lead- From building and equipping factories with leading-edge technologies. We www.computershare.com/contactus with any questions regarding Inspiring the next generation. Education is the foundation of our next-generation 14nm factory network and developing 10nm ership performance, security, and energy-efficiency demands in teraflops also signed agreements with ASML Holding N.V. to invest approximately the transfer of ownership of Intel stock. innovation, and as a technology company, Intel’s success rests on the and smaller technologies. We estimate that we have about a 2-year next-generation data centers. For the data storage market segment, to milliwatts $4 billion in an effort to accelerate the deployment of 450mm wafers and Independent registered public accounting firm. Ernst & Young LLP, availability of skilled workers, a healthy technology ecosystem, and process technology lead and about a 3.5-year lead in introducing the Intel Atom processor powers micro servers that offer significant extreme ultraviolet technologies. These investments help us create value San Jose, California, USA. knowledgeable customers. In turn, the health of local economies— revolutionary transistor technologies such as strained silicon, performance, software compatibility, and low-power advantages. for stockholders and customers by enabling us to optimize performance, The Intel® brand. The Intel brand is consistently ranked as one of the including those where our employees live and work—depends on access die size, cost, and power consumption across our product line. most recognizable and valuable brands in the world. It represents our to technology and quality education. International studies show that High-K Metal Gate, and Tri-Gate into high-volume manufacturing, Our commitment to corporate responsibility I would like to thank retiring CEO for his extraordinary commitment to moving technology forward to connect and enrich the education plays a pivotal role in fostering labor productivity and compared to our nearest competitor. In addition to enriching people’s lives through technology, we do so contributions to Intel’s success. During his tenure as CEO—from the life of every person on Earth. As the world leader in computing economic growth. In support of our efforts to help transform education, No-compromise computing through our corporate responsibility leadership, which creates value second quarter of 2005 through the end of 2012—Intel generated innovation, Intel designs and builds the essential technologies that Intel and the Intel Foundation collaborate with governments and The computing market is undergoing a radical transformation, with for Intel, our stockholders, and society. In 2012, Intel was included on Intel powers the cloud cash from operations of $113.0 billion, increased annual revenue from serve as the foundation for the world’s computing devices. educators and invest approximately $100 million annually in programs a blurring of form factors and the adoption of new user interfaces. the Dow Jones Sustainability Indexes for the 14th consecutive year, Ever-expanding data continues to create demand for transistors in $38.8 billion to $53.3 billion, achieved breakthrough innovations such Corporate responsibility and integrated value. As a global technology around the world—from professional development for teachers to Convertible and detachable Ultrabook systems provide a two-for-one, and we ranked number seven on Newsweek’s annual Green Rankings servers, storage, and networking. Intel’s data center products range as High-K Metal Gate and 3-D Tri-Gate transistor technologies, and and business leader, we are committed to doing the right things, the premier science and engineering fairs. Applications of technology in no-compromise computing experience that eliminates the need to U.S. 500 list. Our company also ranked number seven on the global from teraflop processors for high-performance computing to milliwatt dramatically improved the energy efficiency of Intel® processors. right way. Our corporate responsibility activities create value for Intel education also provide market opportunities for Intel. For example, choose between a notebook and a tablet. The first Ultrabook systems Gartner Supply Chain Top 25 list for 2012, and we continued to lead processors for energy-efficient micro servers. As the Board has worked toward selecting Paul’s successor, we’ve by helping to mitigate risk, save costs, protect our brand value, and the Intel World Ahead Program delivers resources in the form of were launched in 2011, and 100 were on the market by year-end the industry in addressing the issue of “conflict minerals” in the been gratified to recognize that Intel’s strong culture and operational develop new market opportunities. For Intel, corporate responsibility technology, Internet access, and digital content, and works to implement 2012, with dozens more in the pipeline. We’re seeing unparalleled electronics supply chain. We helped empower our employees to donate excellence have created value that extends well beyond a single leader. is simply good business. In addition to the corporate responsibility effective e-learning environments. More information is available at creativity in systems that combine our newest more than 1 million hours of service to their communities through I’ve worked with four Intel CEOs and reported to three of them. Each content included in this Annual Report, we provide more detailed www.intel.com/educate. with the touch-enabled Microsoft Windows* 8 operating system. our Intel Involved volunteer program. Intel also continued to expand has moved Intel forward, left an enduring legacy, and been a strong and information in Intel’s Corporate Responsibility Report. Published each Governance and ethics. Intel is committed to the highest standards We expect to see a new wave of Ultrabook system innovation education opportunities for millions of students around the world, Manufacturing unique leader. Each has also maintained Intel’s core values and a culture May and prepared using the Global Reporting Initiative’s G3.1 Sustain- of business ethics and corporate governance. Intel is a member of the with the 2013 launch of Intel’s first 22nm Tri-Gate processor and partnered on the launch of the “Girl Rising” film and 10x10 social leadership of integrity while embracing the change necessary for a vital future. ability Reporting Guidelines, the report outlines our strategic priorities United Nations Global Compact LEAD program and has in place Human designed from the ground up for Ultrabook systems. This processor, action campaign to help highlight the importance of investing in the When Andy Grove retired as Chairman in 2004, he said that he and performance on a range of environmental, social, and governance Rights Principles to reinforce our commitment to corporate citizenship. code-named “Haswell,” is designed to enable higher performance, education of girls and women to advance economic opportunity. wanted to be remembered for helping to build an organization that factors, including workplace practices, community engagement, and In 2012, we were named to Ethisphere’s list of the World’s Most Ethical the largest generation-to-generation increase in battery life in Intel’s I will retire from Intel in May 2013 after almost 40 years at the sustains itself long after his tenure. Succession planning does not begin supply chain responsibility. The report, supporting materials, and Companies. We are also committed to promoting effective governance history, thinner form factors, instant-on, and more lifelike interaction company. Throughout my time here, I have marveled at Intel’s ability or end with the selection of an individual. It is a continuing investment recent awards are available at www.intel.com/go/responsibility. and responsibility in our supply chain, and working collaboratively with through touch, gesture, voice, and facial recognition. to move technology forward, empower people, and transform our in culture, continuity, and change. The Board is committed to ensuring Caring for our people. Driven by our ongoing pursuit of Moore’s Law, others in our industry through the Electronic Industry Citizenship Coalition. world in ways we had never imagined. Intel employees are the best Our mobile edge that Intel’s future is as bright as its past. innovation has always been an integral part of Intel’s culture. At the Our Corporate Governance Guidelines, Code of Conduct, Conflict Minerals of the best. I can’t wait to see what they come up with next. We are moving Intel® Atom™ processors to our leading-edge manu- heart of this innovation and our business success are our employees. White Paper, Statement on Human Trafficking and Slavery, and other Investing in the future facturing technologies at twice our normal cadence. We shipped 32nm Intel continues to deliver the world’s most advanced silicon technology, One of the six Intel Values is “Great Place to Work,” which reinforces related policies are available at www.intel.com/go/governance. versions in 2012, and we expect to launch the 22nm generation ramping high-volume shipments of cutting-edge 22-nanometer (nm) in 2013, and 14nm versions in 2014. With each new generation of processors while building our next-generation 14nm factory network Intel, the Intel logo, Intel Inside, the Intel Inside logo, Intel Atom, Intel Xeon, Intel Xeon Phi, and Ultrabook are trademarks of Intel Corporation in the U.S. and/or other countries. *Other names and brands may be technology, we can boost performance while reducing costs and Paul S. Otellini, President and Chief Executive Officer and developing 10nm and smaller technologies. Andy D. Bryant, Chairman of the Board claimed as the property of others. Printed on recycled paper using soy-based inks. 0413/195K/TC/MB/LM/RRD. Copyright © 2013, Intel Corporation. All rights reserved. check die shape overlay colors

Letter From Your CEO 2012 Highlights Letter From Your Chairman Investor Information

In 2012, Intel delivered revenue of $53.3 billion, power consumption—great attributes for any market, but particularly After 30 years at Intel, I am honored to write my Investor materials. Intel’s Investor Relations web site contains the strategic importance of investing in our people. We support this net income of $11.0 billion, and earnings per for mobile computing. first letter as your Chairman. Intel is one of the background on our company and our products, financial information, value by cultivating a safe, respectful, and ethical work environment share of $2.13. We generated approximately Six major mobile providers launched Intel Atom processor-based world’s most innovative companies, known not only frequently asked questions, and our online annual report, as well as that enables employees to thrive both on the job and in their $18.9 billion in cash from operations, and our smartphones in 2012. Intel Atom processor-based tablets and tablet Two-for-one for its products and profits but also for its ethics other useful information. For investor information, including additional communities. We measure our progress each year by soliciting gross margin of 62.1% was at the top end of convertibles running Windows 8 are also shipping worldwide, offering computing and governance. I look forward to working with copies of our annual report/10-K, 10-Qs, or other financial literature, employee feedback through our annual Organizational Health Survey. our historical gross margin range for the third thin and light designs, up to 10 hours of battery life in typical active the Board of Directors to extend that record of visit our web site at www.intc.com or call Intel at (408) 765-1480 In 2012, Intel was again named to Fortune magazine’s Best Companies year in a row. We increased R&D spending as we made investments usages, and compatibility with more than 4 million Intel® architec- innovation while ensuring that the company continues to do the right (U.S.); (44) 1793 403 000 (Europe); (852) 2844 4555 (Hong Kong); to Work For list. More information is available at www.intel.com/jobs. across smartphones, tablets, Ultrabook™ systems, the data center, ture applications. thing for stockholders, customers, employees, and communities. (81) 298 47 8511 (Japan). Caring for the planet. We believe that technology plays a fundamental and manufacturing. Worldwide economic growth in 2012 was Data storage and high-performance computing As part of our commitment to increase stockholder value, the Board Intel on NASDAQ. Intel’s common stock trades on The NASDAQ Global role in finding solutions to the world’s environmental challenges. significantly lower than we had anticipated entering the year, and Demand for transistors in servers, storage, and networking continues began authorizing the return of cash to stockholders through the Select Market* under the symbol INTC. Intel is a recognized leader in sustainability for the ways we work to the PC market segment was impacted by the growth of tablets. to grow. Between 2009 and 2012, the total available market for cloud repurchase of Intel stock in the open market in 1990, and payments of Direct stock purchase plan. Intel’s Direct Stock Purchase Plan allows minimize the environmental impacts of our operations and design Although our financial results were below our initial expectations, computing processors tripled, and by 2015 we expect that more than dividends in 1992. Through year-end 2012, the repurchase and dividend stockholders to reinvest dividends and purchase Intel common stock products that are increasingly energy efficient. In2012 , for the fifth Unprecedented innovation in Ultrabook™ systems we launched cutting-edge products in every major business 3 billion connected users and 15 billion connected devices will be programs had returned $118.4 billion to stockholders. Intel used $4.8 on a weekly basis. For more information, contact Intel’s transfer agent, year in a row, Intel was the largest voluntary purchaser of green power Touch-enabled convertible and detachable Ultrabook™ systems combine segment and extended our manufacturing leadership. billion to repurchase 191 million shares of stock in 2012, and completed Computershare Investor Services, LLC, by phone at (800) 298-0146 according to the U.S. Environmental Protection Agency. To underscore driving more than 1,500 exabytes of cloud traffic per year. Working the productivity of a notebook with the convenience of a laptop. Intel a senior notes offering of $6.2 billion, in part to fund the additional re- (U.S. and Canada) or (312) 360-5123 (worldwide), or by e-mail through the importance of sustainability to our business, we again included an Fulfilling our vision with our McAfee subsidiary, we are helping to build confidence in expects another wave of Ultrabook device innovation in 2013, with Intel has an ambitious vision: Create and extend computing private and public clouds through security solutions for the data center, the arrival of the company’s next-generation “Haswell” processor. purchase of Intel stock. Intel’s dividend payout for 2012 was $4.4 billion, Computershare’s web site at www.computershare.com/contactus. environmental component in the formula used to determine the technology to connect and enrich the life of every person on Earth. network connections, and devices that connect to the cloud. including a 7% increase in the dividend starting in the third quarter. Transfer agent and registrar. Computershare Investor Services, LLC, payout for employee and executive variable compensation. We also We made tremendous progress toward achieving that vision in In 2012, we introduced the first Intel® Xeon Phi™ coprocessor, The Board also authorized significant strategic investments in 2012, 250 Royall Street, Canton, MA 02021 USA. Stockholders may call continued to collaborate with others to drive global standards for 2012 by delivering the world’s most advanced silicon technology. a 60-core teraflop product designed for climate research, genomics, so that Intel can continue to build innovative products at competitive (800) 298-0146 (U.S. and Canada) or (312) 360-5123 (worldwide), products and manufacturing that ensure energy-efficient performance. We ramped shipments of 22-nanometer (nm) processors with Intel’s and other high-performance, highly parallel computing applications. costs. Most of Intel’s 2012 capital spending of $11 billion went toward or send e-mail through Computershare’s web site at More information is available at www.intel.com/go/environment. breakthrough 3-D Tri-Gate transistor technology while building We also launched an Intel® Xeon® processor family designed for From building and equipping factories with leading-edge technologies. We www.computershare.com/contactus with any questions regarding Inspiring the next generation. Education is the foundation of our next-generation 14nm factory network and developing 10nm leadership performance, security, and energy-efficiency demands teraflops also signed agreements with ASML Holding N.V. to invest approximately the transfer of ownership of Intel stock. innovation, and as a technology company, Intel’s success rests on the and smaller technologies. We estimate that we have about a 2-year in next-generation data centers. For the data storage market, the to milliwatts $4 billion in an effort to accelerate the deployment of 450mm wafers and Independent registered public accounting firm. Ernst & Young LLP, availability of skilled workers, a healthy technology ecosystem, and process technology lead and about a 3.5-year lead in introducing Intel Atom processor is powering micro servers that offer significant extreme ultraviolet technologies. These investments help us create value San Jose, California, USA. knowledgeable customers. In turn, the health of local economies— revolutionary transistor technologies such as strained silicon, performance, software compatibility, and low-power advantages. for stockholders and customers by enabling us to optimize performance, The Intel® brand. The Intel brand is consistently ranked as one of the including those where our employees live and work—depends on access die size, cost, and power consumption across our product line. most recognizable and valuable brands in the world. It represents our to technology and quality education. International studies show that High-K Metal Gate, and Tri-Gate into high-volume manufacturing, Our commitment to corporate responsibility I would like to thank retiring CEO Paul Otellini for his extraordinary commitment to moving technology forward to connect and enrich the education plays a pivotal role in fostering labor productivity and compared to our nearest competitor. In addition to enriching people’s lives through technology, we do so contributions to Intel’s success. During his tenure as CEO—from the life of every person on earth. As the world leader in computing economic growth. In support of our efforts to help transform education, No-compromise computing through our corporate responsibility leadership, which creates value second quarter of 2005 through the end of 2012—Intel generated innovation, Intel designs and builds the essential technologies that Intel and the Intel Foundation collaborate with governments and The computing market is undergoing a radical transformation, with for Intel, our stockholders, and society. In 2012, Intel was included on Intel powers the cloud cash from operations of $113.0 billion, increased annual revenue from serve as the foundation for the world’s computing devices. educators and invest approximately $100 million annually in programs a blurring of form factors and the adoption of new user interfaces. the Dow Jones Sustainability Indexes for the 14th consecutive year, Ever-expanding data continues to create demand for transistors in $38.8 billion to $53.3 billion, achieved breakthrough innovations such Corporate responsibility and integrated value. As a global technology around the world—from professional development for teachers to Convertible and detachable Ultrabook systems provide a two-for-one, and we ranked number seven on Newsweek’s annual Green Rankings servers, storage, and networking. Intel’s data center products range as High-K Metal Gate and 3-D Tri-Gate transistor technologies, and and business leader, we are committed to doing the right things, the premier science and engineering fairs. Applications of technology in no-compromise computing experience that eliminates the need to U.S. 500 list. Our company also ranked number seven on the global from teraflop processors for high-performance computing to milliwatt dramatically improved the energy efficiency of Intel® processors. right way. Our corporate responsibility activities create value for Intel education also provide market opportunities for Intel. For example, choose between a notebook and a tablet. The first Ultrabook systems Gartner Supply Chain Top 25 list for 2012, and we continued to lead processors for energy-efficient micro servers. As the Board has worked toward selecting Paul’s successor, we’ve by helping to mitigate risk, save costs, protect our brand value, and the Intel World Ahead Program delivers resources in the form of were launched in 2011, and 100 were on the market by year-end the industry in eliminating “conflict minerals” from the electronics been gratified to recognize that Intel’s strong culture and operational develop new market opportunities. For Intel, corporate responsibility technology, Internet access, and digital content, and works to implement 2012, with dozens more in the pipeline. We’re seeing unparalleled supply chain. We helped empower our employees to donate more excellence have created value that extends well beyond a single leader. is simply good business. In addition to the corporate responsibility effective e-learning environments. More information is available at creativity in systems that combine our newest microprocessors than 1 million hours of service to their communities through our Intel I’ve worked with four Intel CEOs and reported to three of them. Each content included in this Annual Report, we provide more detailed www.intel.com/educate. with the touch-enabled Microsoft Windows* 8 operating system. Involved volunteer program. Intel also continued to expand education has moved Intel forward, left an enduring legacy, and been a strong and information in Intel’s Corporate Responsibility Report. Published each Governance and ethics. Intel is committed to the highest standards We expect to see a new wave of Ultrabook system innovation opportunities for millions of students around the world, and partnered Manufacturing unique leader. Each has also maintained Intel’s core values and a culture May and prepared using the Global Reporting Initiative’s G3.1 Sustain- of business ethics and corporate governance. Intel is a member of the with the 2013 launch of Intel’s first 22nm Tri-Gate processor on the launch of the “Girl Rising” film and 10x10 social action campaign leadership of integrity while embracing the change necessary for a vital future. ability Reporting Guidelines, the report outlines our strategic priorities United Nations Global Compact LEAD program and has in place Human designed from the ground up for Ultrabook systems. This processor, to help highlight the importance of investing in the education of girls When Andy Grove retired as Chairman in 2004, he said that he and performance on a range of environmental, social, and governance Rights Principles to reinforce our commitment to corporate citizenship. code-named “Haswell,” is designed to enable higher performance, and women to advance economic opportunity. wanted to be remembered for helping to build an organization that factors, including workplace practices, community engagement, and In 2012, we were named to Ethisphere’s list of the World’s Most Ethical the largest generation-to-generation increase in battery life in Intel’s I will retire from Intel in May 2013 after almost 40 years at the sustains itself long after his tenure. Succession planning does not begin supply chain responsibility. The report, supporting materials, and Companies. We are also committed to promoting effective governance history, thinner form factors, instant-on, and more lifelike interaction company. Throughout my time here, I have marveled at Intel’s ability or end with the selection of an individual. It is a continuing investment recent awards are available at www.intel.com/go/responsibility. and responsibility in our supply chain, and working collaboratively with through touch, gesture, voice, and facial recognition. to move technology forward, empower people, and transform our in culture, continuity, and change. The Board is committed to ensuring Caring for our people. Driven by our ongoing pursuit of Moore’s Law, others in our industry through the Electronic Industry Citizenship Coalition. world in ways we had never imagined. Intel employees are the best Our mobile edge that Intel’s future is as bright as its past. innovation has always been an integral part of Intel’s culture. At the Our Corporate Governance Guidelines, Code of Conduct, Conflict Minerals of the best. I can’t wait to see what they come up with next. We are moving Intel® Atom™ processors to our leading-edge manu- heart of this innovation and our business success are our employees. White Paper, Statement on Human Trafficking and Slavery, and other Investing in the future facturing technologies at twice our normal cadence. We shipped 32nm One of the six Intel Values is “Great Place to Work,” which reinforces related policies are available at www.intel.com/go/governance. Intel continues to deliver the world’s most advanced silicon technology, versions in 2012, and we expect to launch the 22nm generation ramping high-volume shipments of cutting-edge 22-nanometer (nm) in 2013, and 14nm versions in 2014. With each new generation of processors while building our next-generation 14nm factory network Intel, Intel logo, Intel Inside, Intel Inside logo, Intel Atom, Intel Xeon, Intel Xeon Phi, and Ultrabook are trademarks of Intel Corporation in the U.S. and/or other countries. *Other names and brands may be claimed technology, we can boost performance while reducing costs and Paul S. Otellini, President and Chief Executive Officer and developing 10nm and smaller technologies. Andy D. Bryant, Chairman of the Board as the property of others. Printed on recycled paper using soy-based inks. 0413/200K/TC/MB/LM/RRD. Copyright © 2013, Intel Corporation. All rights reserved. Corporate Directory

BOARD OF DIRECTORS CORPORATE OFFICERS Leslie S. Culbertson Brice A. Hill Director, Controller, Ambassador Charlene Barshefsky 3 6† Andy D. Bryant Finance Sales and Marketing Group Senior International Partner Chairman of the Board WilmerHale Douglas L. Davis John R. Lautze Paul S. Otellini A multinational law fi rm General Manager, Controller, President and Chief Executive Offi cer Arizona Fab/Manufacturing Site PC Client Group Andy D. Bryant 5 Chairman of the Board Executive Vice Presidents Hermann Eul Christina S. Min William M. Holt General Manager, Controller, Susan L. Decker 1 4† 5† General Manager, Mobile and Communications Group Technology and Manufacturing Group Principal Technology and Manufacturing Group Deck3 Ventures LLC Douglas W. Fisher Corine Perez A consulting and advisory fi rm Renee J. James General Manager, Controller, General Manager, System Software Division Intel Architecture Group John J. Donahoe 2 4 Software and Services Group President and Chief Executive Offi cer Ron Friedman Intel Architecture Group eBay Inc. Thomas M. Kilroy General Manager, James Baldwin A global online marketplace General Manager, Intel Architecture Development Group General Manager, Sales and Marketing Group Reed E. Hundt 1 3† 4 6 Erik Huggers Engineering, Intel Media REH Advisors, LLC Brian M. Krzanich General Manager, John D. Barton A strategic advice fi rm Chief Operating Offi cer Intel Media General Manager, Paul S. Otellini 5 David Perlmutter Ravi Jacob Platform Validation Engineering President and Chief Executive Offi cer General Manager, Intel Architecture Group Treasurer Stefan Butz and Chief Product Offi cer James D. Plummer 1 6 Jonathan Khazam General Manager, Marketing and Product John M. Fluke Professor of Electrical Stacy J. Smith General Manager, Planning, Mobile and Communications Group Engineering, Frederick E. Terman Dean of Chief Financial Offi cer and Visual and Parallel Computing Group Daniel J. Casaletto the School of Engineering Director, Corporate Strategy Stanford University Cary I. Klafter Director, Platform, Computing, and Arvind Sodhani Director, Corporate Legal Security Architecture David S. Pottruck 2† 5 President of and Corporate Secretary Chairman and Chief Executive Offi cer Alan Crouch Red Eagle Ventures, Inc. Senior Vice Presidents Michael C. Mayberry General Manager, PC Client Group Service Provider Division A San Francisco private equity fi rm Sohail U. Ahmed Director, Components Research, Technology and Manufacturing Group Frank D. Yeary 1† 3 6 Director, Tammy L. Cyphert Principal Logic Technology Development Christian Morales General Manager, PC Client Group Operations and Central Outbound Darwin Capital Advisors LLC Diane M. Bryant General Manager, Europe, Middle East, Africa Marketing Functions A private investment and advisory fi rm General Manager, Datacenter and David B. Yoffi e 2 4† Connected Systems Group Stuart C. Pann Bradley D. Daniels Director, Max and Doris Starr Professor of Shmuel (Mooly) Eden General Manager, Business Management Group System-on-Chip Engineering International Business Administration President, Harvard Business School Intel Israel Gregory R. Pearson Boyd A. Davis General Manager, A. Douglas Melamed General Manager, FORMER CEOs AND World Wide Sales and Operations Group Datacenter Software Division CHAIRMEN OF THE BOARD General Counsel Justin R. Rattner Ricardo J. Echevarria Patricia Murray Craig R. Barrett Director, Intel Labs General Manager, Director, Retired Chief Executive Offi cer Intel Chief Technology Offi cer Business Client Platform Division and Chairman of the Board Leadership Strategy Babak Sabi Aicha S. Evans Kirk B. Skaugen Andrew S. Grove Director, Assembly and Test General Manager, Wireless Platforms General Manager, Retired Chief Executive Offi cer Technology Development Research and Development and Chairman of the Board PC Client Group Senior Advisor Sunil R. Shenoy Eric M. Free Richard G. A. Taylor General Manager, General Manager, Director, Gordon E. Moore Visual and Parallel Computing Group Content and Services, Intel Media Retired Chief Executive Offi cer Human Resources and Chairman of the Board Stephen L. Smith Gil G. Frostig Chairman Emeritus Vice Presidents Director, Tablet Development Director, Michael A. Bell Low Power Components General Manager, Kimberly S. Stevenson Elliot D. Garbus Retired Chief Executive Offi cer Mobile and Communications Group Chief Information Offi cer and Chairman of the Board General Manager, Rani N. Borkar Joshua M. Walden Automotive Solutions Division Arthur Rock General Manager, General Manager, Lisa H. Graff Retired Chairman of the Board Intel Architecture Development Group Chief Operating Offi cer Strategy Offi ce General Manager, Jane E. Shaw Robert E. Bruck Xu (Ian) Yang Datacenter Marketing Group Retired Chairman of the Board General Manager, President, Rajeeb Hazra Technology Manufacturing Engineering Intel China Ltd. General Manager, Technical Computing, Christopher J. (CJ) Bruno APPOINTED Datacenter and Connected Systems Group 1 Member of Audit Committee President, VICE PRESIDENTS Yoav Hochberg 2 Member of Compensation Committee Intel Americas, Inc. Finance Director, Strategic Planning and Business 3 Member of Compliance Committee Deborah S. Conrad Development, and Chipset James G. Campbell 4 Member of Corporate Governance Chief Marketing Offi cer Development Group and Nominating Committee Corporate Controller Robert B. Crooke Steven T. Holmes 5 Member of Executive Committee Ronald D. Dickel General Manager, General Manager, 6 Director, Member of Finance Committee Non-Volatile Memory Solutions Group Smart Device Innovation Global Tax and Trade † Committee Chairman

IIntelntel 22012012 AAnnual_CorpDirectory_FNL.inddnnual_CorpDirectory_FNL.indd 1 22/27/13/27/13 3:153:15 PMPM Corporate Directory (continued)

Roger Jellicoe Shlomit Weiss Steven J. Dallman Matthew M. Smith General Manager, Devices Research Director, General Manager, Director, and Development, Mobile and Engineering, Client Microprocessor Group Worldwide Reseller Channel Organization Human Resources Legal Communications Group Stefan Wolff John E. Davies Ardine Williams James A. Johnson General Manager, Multicommunications, General Manager, Director, General Manager, Mobile and Mobile and Communications Group Intel World Ahead Program Human Resources Enterprise Services Communications Group Customer Technology Solutions Group Ahmad A. Zaidi Richard P. Dwyer Information Technology General Manager, General Manager, Daniel J. McKeon Upendra M. Kulkarni Chipset and SoC IP Group Worldwide Embedded Sales Group General Manager, Director, Graphics Software Silicon, Software and Services Development and Validation Intel Capital Gordon G. Graylish General Manager, Lisa M. Lambert Patricia N. Perry Rory M. McInerney Enterprise Solution Sales Managing Director, General Manager, Director, Software and Services Sales and Marketing Solutions Server Development Group Jason L. Grebe Director, Microprocessor Marketing Keith R. Larson Hussein K. Mecklai and Business Planning Technology and Managing Director, Director, Manufacturing Group Manufacturing and Intel Labs Sectors Mobile Communication J. Johan Jervøe Mostafa Aghazadeh Director, Raheel A. Shah Director, Chandler Assembly W. Eric Mentzer Partner Marketing Director, Technology Development Director, Strategy, Planning and Mergers and Acquisitions Operations, Visual Computing Group Jeffrey P. McCrea Mohsen Alavi Director, Director, Anthony (Tony) Neal-Graves Intel Labs Consumer Channels Group Product Quality and Reliability General Manager, Martin G. Curley Intel Architecture Group, China Director, Intel Labs Europe and Timothy Q. Parker Niraj Anand Director, Senior Principal Engineer Director, Portland Technology Franz Neppl Global Accounts—Acer Development Lithography Director, Enabling Technologies and David R. Ditzel Solutions, Mobile and Communications Group Chief Architect, Arthur W. Roehm David A. Baglee Director, Hybrid Parallel Computing Site Manager, Alexander D. Peleg Global Accounts—Dell Fab 11X/ New Mexico Director, Cross Platform Technologies and Jesse Z. Fang Intellectual Property Planning Managing Director, R. Kevin Sellers Peng Bai Director, Intel Labs China Director, Terry Pilsner Creative Services and Digital Marketing Derivative Logic Technology Development General Manager, Advanced Client Form Vida Ilderem Factor Reference Design Director, Ulmont S. Smith Cheng Gang Bian General Manager, Integrated Platforms Research General Manager, Douglas Satzger Advanced Technical Sales Intel Products (Chengdu) Ltd. General Manager, Industrial Design, Joseph D. Schutz Mobile and Communications Group Director, Robert P. Swinnen Melton C. Bost General Manager, Microprocessor Research Director, William A. Savage Service Provider Group Development Yield Technology General Manager, Developer Products Wen-Hann Wang Division, Software and Services Group Director, Helmut Vogler Nasser Bozorg-Grayeli General Manager, Circuits and System Research Director, Navin Shenoy Mobile and Wireless Sales Corporate Quality Network General Manager, Legal and Corporate Affairs Mobile Client Platform Division Kazumasa Yoshida Peter Charvat Peter M. Cleveland President, Director, Portland Technology Isic Silas Director, Intel K.K. (Japan) Development Patterning Director, Global Public Policy Software and Services Group PC Client Program Offi ce Shelly M. Esque Keyvan Esfarjani Christopher J. Boody Co-Executive Offi cer, Gadi Singer Director, Corporate Affairs Group General Manager, Intel Services Division, IM Flash Technologies LLC General Manager, Intel Development Group President, Intel Foundation Network Products and Services z Architecture and Israel Design Centers Cary I. Klafter Maxine Fassberg (Sophia) Lee Fang Chew Plant Manager, Fab 28 Ton H. Steenman Director, Corporate Legal and Director, Developer Relations Division General Manager, Intel Israel General Manager, Corporate Secretary Operations, PRC and Asia-Pacifi c Intelligent Systems Group Suzan A. Miller Gulsher S. Grewal Christos Georgiopoulos Plant Manager, Thomas H. Swinford Deputy General Counsel General Manager, D1DR Fab General Manager, Steven R. Rodgers Developer Relations Division Communications and Networking Group Deputy General Counsel, Timothy G. Hendry Malcolm Harkins Director, Weng Kuan Tan Litigation, Licensing and Patents Chief Security and Privacy Offi cer Fab Materials Director, Supply Operations, Sales and Marketing Group Mobile and Communications Group Kostas A. Katsohirakis Franklin B. Jones Paul Bergevin Director, General Manager, Praveen Vishakantaiah General Manager, Corporate Business Development Assembly Test Manufacturing General Manager, Client Solutions and Global Communications Group Technology, PC Client Group Hank Skorny Ann B. Kelleher Nancy J. Bhagat General Manager, General Manager, Christian von Reventlow Director, Intel Services Division Fab/Sort Manufacturing General Manager, Marketing Strategy and Campaigns Tablet Software Integration Engineering Human Resources Thomas R. Macdonald Gregory M. Bryant Director, Gary Weiss Ogden M. Reid General Manager, Non-Volatile Solutions Group General Manager, Mechanical Engineering, Asia-Pacifi c Region Director, Manufacturing Operations and Special Compensation and Benefi ts Robin A. Martin Product Derivatives Laura G. Crone General Manager, Director, Assembly Test Manufacturing Global Accounts—Hewlett Packard

IIntelntel 22012012 AAnnual_CorpDirectory_FNL.inddnnual_CorpDirectory_FNL.indd 2 22/27/13/27/13 3:153:15 PMPM Corporate Directory (continued)

Patricia A. McDonald Software and Services Group Karl G. Kempf Shivnandan D. Kaushik Director, Product Health Bryant E. Bigbee Director, Director, Enhancement Organization Director, Decision Engineering Systems Software Steven C. Megli Systems Software Rajesh Kumar David J. Kuck General Manager, Director, Director, Technology and Fab/Sort Manufacturing Circuit and Low Power Technologies Hardware and Software Codesign Tools Manufacturing Kaizad R. Mistry Mark T. Bohr Belliappa Kuttanna P. Geoffrey Lowney Director, Director, Chief Architect, Chief Technology Offi cer, Logic Technology Integration Process Architecture and Integration Intel® Atom™ Processor Family Developer Products Division Sanjay Natarajan Yan A. Borodovsky Wesley D. McCullough Technology and Director, Director, Director, Ingredient Productization and Manufacturing Group Process Technology Integration Advanced Lithography Customer Enabling, Microprocessor Development Group Albert Fazio Phi L. Nguyen Robert S. Chau Director, Director, Novel Materials and Far Director, Shreekant Thakkar Memory Technology Development Back-End Modules, Portland Technology Transistor Research and Nanotechnology Director, Development Platform Architecture Tahir Ghani Richard L. Coulson Director, John R. Pemberton Director, Keshavan K. Tiruvallur Transistor Technology and Integration, General Manager, Storage Technologies Group Platform Validation Engineering Portland Technology Development Corporate Services Global Construction Ian A. Young C. Brendan S. Traw Knut S. Grimsrud Sunit Rikhi Director, Chief Compute Continuum Architect Director, General Manager, Exploratory Integrated Circuits Storage Architecture Intel Custom Foundry Ofri Wechsler Director, Chia-Hong Jan Ralph A. Schweinfurth FELLOWS Visual and Parallel Architecture Group Director, System-on-Chip (SoC) Director, Intel Architecture Group Technology Integration Manufacturing and Operations Rajendra S. Yavatkar Matthew J. Adiletta Director, Kelin J. Kuhn Navid Shahriari Director, Datacenter and Connected System and Media Architecture Director, Director, Systems Group, Innovation Lab Advanced Device Technology Sort Test Technology Development Intel Labs Ajay V. Bhatt Jose A. Maiz Genevieve Bell Eammon Sinnott Chief Platform Architect, Director, Director, Plant Manger, Fab 24 & Fab 10 PC Client Group Logic Technology Quality and Reliability Interaction and Experience Research General Manager, Zdravko Boos Neal R. Mielke Douglas M. Carmean Kumud M. Srinivasan Radio Smartphone System Engineering, Director, Director, General Manager, Mobile and Communications Group Reliability Methods Immersive Computing Intel Architecture Group, India Shekhar Y. Borkar Anand S. Murthy and President, Intel India Vivek K. De Director, Director, Director, Jacklyn A. Sturm Extreme-scale Technologies Strained Silicon Process Technology Circuit Technology Research General Manager, Fayé A. Briggs Paul A. Packan Global Sourcing and Procurement Pradeep K. Dubey Chief Server Architect Director, Director, Chi-Hwa Tsang Transistor Technology Development Parallel Computing Lab Director, Thin Films and Chemical John H. Crawford Computer Architect Krishna Parat Mechanical Polish Technology James P. Held Director, Director, Neil R. Tunmore Eric Dishman NAND Cell Research and Development Microprocessor and Programming Research Director, General Manager, Health Strategy and Solutions Group Devadas D. Pillai Corporate Services Stephen R. Mooney Director, Director, Chiang Yuan Yang Joel S. Emer Operational Decision Support Technology I/O Research Director, Director, Microarchitecture Research Valluri R. Rao Intel Mask Operation Mario J. Paniccia Director, General Manager, Silicon Photonics Siva K. Yerramilli Tryggve Fossum Analytical and Microsystems Technologies Operations Organization General Manager, Director, Scalable Computer Architecture Robert L. Sankman Design and Technology Solutions Radia Perlman Director, Package Pathfi nding, Assembly Director, Alan Gara Test Technology Development SENIOR FELLOWS Chief Architect, Network and Security Technology Exascale Systems Vivek K. Singh Intel Architecture Group Gregory F. Taylor Director, Director, System-on-a-Chip Design Lab, Glenn J. Hinton Per Hammarlund Computational Lithography Chief Architect, Chief System-on-Chip (SoC) Architect, Integrated Platforms Research Intel Design Group Next-Generation Processor Chief Architect Swaminathan Sivakumar Richard A. Uhlig Director, Director, Stephen S. Pawlowski Bruce Horn Lithography Chief Technology Offi cer, Chief Scientist, Systems Architecture Lab Datacenter and Connected Systems Group Smart Device Innovation Joseph M. Steigerwald General Manager, Datacenter and Legal and Corporate Affairs Director, Connected Systems Group Pathfi nding Link C. Jaw David B. Papworth Chemical Mechanical Polish Technology Intelligent Systems and Thomas A. Piazza Director, Predictive Analytics Microprocessor Product Development Clair Webb Director, Director, Graphics Architecture Hong Jiang Circuit Technology Chief Media Architect and Director, Software and Services Group Intel Labs Visual and Parallel Computing Group Boris A. Babayan Kevin X. Zhang Justin R. Rattner Media Architecture Team Director, Director, Advanced Design Director, Intel Labs Architecture Intel Chief Technology Offi cer

IIntelntel 22012012 AAnnual_CorpDirectory_FNL.inddnnual_CorpDirectory_FNL.indd 3 22/27/13/27/13 3:153:15 PMPM Letter From Your CEO 2012 Highlights Letter From Your Chairman Investor Information

In 2012, Intel delivered revenue of $53.3 billion, power consumption—great attributes for any market, but particularly After 30 years at Intel, I am honored to write my Investor materials. Intel’s Investor Relations web site contains the strategic importance of investing in our people. We support this net income of $11.0 billion, and earnings per for mobile computing. first letter as your Chairman. Intel is one of the background on our company and our products, financial information, value by cultivating a safe, respectful, and ethical work environment share of $2.13. We generated approximately Six major mobile providers launched Intel Atom processor-based world’s most innovative companies, known not only frequently asked questions, and our online annual report, as well as that enables employees to thrive both on the job and in their $18.9 billion in cash from operations, and our smartphones in 2012. Intel Atom processor-based tablets and tablet Two-for-one for its products and profits but also for its ethics other useful information. For investor information, including additional communities. We measure our progress each year by soliciting gross margin of 62.1% was at the top end of convertibles running Windows 8 are also shipping worldwide, offering computing and governance. I look forward to working with copies of our annual report/10-K, 10-Qs, or other financial literature, employee feedback through our annual Organizational Health Survey. our historical gross margin range for the third thin and light designs, up to 10 hours of battery life in typical active the Board of Directors to extend that record of visit our web site at www.intc.com or call Intel at (408) 765-1480 In 2012, Intel was again named to Fortune magazine’s Best Companies year in a row. We increased R&D spending as we made investments usages, and compatibility with more than 4 million Intel® architec- innovation while ensuring that the company continues to do the right (U.S.); (44) 1793 403 000 (Europe); (852) 2844 4555 (Hong Kong); to Work For list. More information is available at www.intel.com/jobs. across smartphones, tablets, Ultrabook™ systems, the data center, ture applications. thing for stockholders, customers, employees, and communities. (81) 298 47 8511 (Japan). Caring for the planet. We believe that technology plays a fundamental and manufacturing. Worldwide economic growth in 2012 was Data storage and high-performance computing As part of our commitment to increase stockholder value, the Board Intel on NASDAQ. Intel’s common stock trades on The NASDAQ Global role in finding solutions to the world’s environmental challenges. significantly lower than we had anticipated entering the year, and Demand for transistors in servers, storage, and networking continues began authorizing the return of cash to stockholders through the Select Market* under the symbol INTC. Intel is a recognized leader in sustainability for the ways we work to the PC market segment was impacted by the growth of tablets. to grow. Between 2009 and 2012, the total available market for cloud repurchase of Intel stock in the open market in 1990, and payments of Direct stock purchase plan. Intel’s Direct Stock Purchase Plan allows minimize the environmental impacts of our operations and design Although our financial results were below our initial expectations, computing processors tripled, and by 2015 we expect that more than dividends in 1992. Through year-end 2012, the repurchase and dividend stockholders to reinvest dividends and purchase Intel common stock products that are increasingly energy efficient. In2012 , for the fifth Unprecedented innovation in Ultrabook™ systems we launched cutting-edge products in every major business 3 billion connected users and 15 billion connected devices will be programs had returned $118.4 billion to stockholders. Intel used $4.8 on a weekly basis. For more information, contact Intel’s transfer agent, year in a row, Intel was the largest voluntary purchaser of green power segment and extended our manufacturing leadership. Touch-enabled convertible and detachable Ultrabook™ systems combine billion to repurchase 191 million shares of stock in 2012, and completed Computershare Investor Services, LLC, by phone at (800) 298-0146 according to the U.S. Environmental Protection Agency. To underscore driving more than 1,500 exabytes of cloud traffic per year. Working the productivity of a notebook with the convenience of a laptop. Intel a senior notes offering of $6.2 billion, in part to fund the additional re- (U.S. and Canada) or (312) 360-5123 (worldwide), or by e-mail through the importance of sustainability to our business, we again included an Fulfilling our vision with our McAfee subsidiary, we are helping to build confidence in expects another wave of Ultrabook device innovation in 2013, with Intel has an ambitious vision: Create and extend computing private and public clouds through security solutions for the data center, the arrival of the company’s next-generation “Haswell” processor. purchase of Intel stock. Intel’s dividend payout for 2012 was $4.4 billion, Computershare’s web site at www.computershare.com/contactus. environmental component in the formula used to determine the technology to connect and enrich the life of every person on Earth. network connections, and devices that connect to the cloud. including a 7% increase in the dividend starting in the third quarter. Transfer agent and registrar. Computershare Investor Services, LLC, payout for employee and executive variable compensation. We also We made tremendous progress toward achieving that vision in In 2012, we introduced the first Intel® Xeon Phi™ coprocessor, The Board also authorized significant strategic investments in 2012, 250 Royall Street, Canton, MA 02021 USA. Stockholders may call continued to collaborate with others to drive global standards for 2012 by delivering the world’s most advanced silicon technology. a 60-core teraflop product designed for climate research, genomics, so that Intel can continue to build innovative products at competitive (800) 298-0146 (U.S. and Canada) or (312) 360-5123 (worldwide), products and manufacturing that ensure energy-efficient performance. We ramped shipments of 22-nanometer (nm) processors with Intel’s and other high-performance, highly parallel computing applications. costs. Most of Intel’s 2012 capital spending of $11 billion went toward or send e-mail through Computershare’s web site at More information is available at www.intel.com/go/environment. breakthrough 3-D Tri-Gate transistor technology while building We also launched an Intel® Xeon® processor family designed for lead- From building and equipping factories with leading-edge technologies. We www.computershare.com/contactus with any questions regarding Inspiring the next generation. Education is the foundation of our next-generation 14nm factory network and developing 10nm ership performance, security, and energy-efficiency demands in teraflops also signed agreements with ASML Holding N.V. to invest approximately the transfer of ownership of Intel stock. innovation, and as a technology company, Intel’s success rests on the and smaller technologies. We estimate that we have about a 2-year next-generation data centers. For the data storage market segment, to milliwatts $4 billion in an effort to accelerate the deployment of 450mm wafers and Independent registered public accounting firm. Ernst & Young LLP, availability of skilled workers, a healthy technology ecosystem, and process technology lead and about a 3.5-year lead in introducing the Intel Atom processor powers micro servers that offer significant extreme ultraviolet technologies. These investments help us create value San Jose, California, USA. knowledgeable customers. In turn, the health of local economies— revolutionary transistor technologies such as strained silicon, performance, software compatibility, and low-power advantages. for stockholders and customers by enabling us to optimize performance, The Intel® brand. The Intel brand is consistently ranked as one of the including those where our employees live and work—depends on access die size, cost, and power consumption across our product line. most recognizable and valuable brands in the world. It represents our to technology and quality education. International studies show that High-K Metal Gate, and Tri-Gate into high-volume manufacturing, Our commitment to corporate responsibility I would like to thank retiring CEO Paul Otellini for his extraordinary commitment to moving technology forward to connect and enrich the education plays a pivotal role in fostering labor productivity and compared to our nearest competitor. In addition to enriching people’s lives through technology, we do so contributions to Intel’s success. During his tenure as CEO—from the life of every person on Earth. As the world leader in computing economic growth. In support of our efforts to help transform education, No-compromise computing through our corporate responsibility leadership, which creates value second quarter of 2005 through the end of 2012—Intel generated innovation, Intel designs and builds the essential technologies that Intel and the Intel Foundation collaborate with governments and The computing market is undergoing a radical transformation, with for Intel, our stockholders, and society. In 2012, Intel was included on Intel powers the cloud cash from operations of $113.0 billion, increased annual revenue from serve as the foundation for the world’s computing devices. educators and invest approximately $100 million annually in programs a blurring of form factors and the adoption of new user interfaces. the Dow Jones Sustainability Indexes for the 14th consecutive year, Ever-expanding data continues to create demand for transistors in $38.8 billion to $53.3 billion, achieved breakthrough innovations such Corporate responsibility and integrated value. As a global technology around the world—from professional development for teachers to Convertible and detachable Ultrabook systems provide a two-for-one, and we ranked number seven on Newsweek’s annual Green Rankings servers, storage, and networking. Intel’s data center products range as High-K Metal Gate and 3-D Tri-Gate transistor technologies, and and business leader, we are committed to doing the right things, the premier science and engineering fairs. Applications of technology in no-compromise computing experience that eliminates the need to U.S. 500 list. Our company also ranked number seven on the global from teraflop processors for high-performance computing to milliwatt dramatically improved the energy efficiency of Intel® processors. right way. Our corporate responsibility activities create value for Intel education also provide market opportunities for Intel. For example, choose between a notebook and a tablet. The first Ultrabook systems Gartner Supply Chain Top 25 list for 2012, and we continued to lead processors for energy-efficient micro servers. As the Board has worked toward selecting Paul’s successor, we’ve by helping to mitigate risk, save costs, protect our brand value, and the Intel World Ahead Program delivers resources in the form of were launched in 2011, and 100 were on the market by year-end the industry in addressing the issue of “conflict minerals” in the been gratified to recognize that Intel’s strong culture and operational develop new market opportunities. For Intel, corporate responsibility technology, Internet access, and digital content, and works to implement 2012, with dozens more in the pipeline. We’re seeing unparalleled electronics supply chain. We helped empower our employees to donate excellence have created value that extends well beyond a single leader. is simply good business. In addition to the corporate responsibility effective e-learning environments. More information is available at creativity in systems that combine our newest microprocessors more than 1 million hours of service to their communities through I’ve worked with four Intel CEOs and reported to three of them. Each content included in this Annual Report, we provide more detailed www.intel.com/educate. with the touch-enabled Microsoft Windows* 8 operating system. our Intel Involved volunteer program. Intel also continued to expand has moved Intel forward, left an enduring legacy, and been a strong and information in Intel’s Corporate Responsibility Report. Published each Governance and ethics. Intel is committed to the highest standards We expect to see a new wave of Ultrabook system innovation education opportunities for millions of students around the world, Manufacturing unique leader. Each has also maintained Intel’s core values and a culture May and prepared using the Global Reporting Initiative’s G3.1 Sustain- of business ethics and corporate governance. Intel is a member of the with the 2013 launch of Intel’s first 22nm Tri-Gate processor and partnered on the launch of the “Girl Rising” film and 10x10 social leadership of integrity while embracing the change necessary for a vital future. ability Reporting Guidelines, the report outlines our strategic priorities United Nations Global Compact LEAD program and has in place Human designed from the ground up for Ultrabook systems. This processor, action campaign to help highlight the importance of investing in the When Andy Grove retired as Chairman in 2004, he said that he and performance on a range of environmental, social, and governance Rights Principles to reinforce our commitment to corporate citizenship. code-named “Haswell,” is designed to enable higher performance, education of girls and women to advance economic opportunity. wanted to be remembered for helping to build an organization that factors, including workplace practices, community engagement, and In 2012, we were named to Ethisphere’s list of the World’s Most Ethical the largest generation-to-generation increase in battery life in Intel’s I will retire from Intel in May 2013 after almost 40 years at the sustains itself long after his tenure. Succession planning does not begin supply chain responsibility. The report, supporting materials, and Companies. We are also committed to promoting effective governance history, thinner form factors, instant-on, and more lifelike interaction company. Throughout my time here, I have marveled at Intel’s ability or end with the selection of an individual. It is a continuing investment recent awards are available at www.intel.com/go/responsibility. and responsibility in our supply chain, and working collaboratively with through touch, gesture, voice, and facial recognition. to move technology forward, empower people, and transform our in culture, continuity, and change. The Board is committed to ensuring Caring for our people. Driven by our ongoing pursuit of Moore’s Law, others in our industry through the Electronic Industry Citizenship Coalition. world in ways we had never imagined. Intel employees are the best Our mobile edge that Intel’s future is as bright as its past. innovation has always been an integral part of Intel’s culture. At the Our Corporate Governance Guidelines, Code of Conduct, Conflict Minerals of the best. I can’t wait to see what they come up with next. We are moving Intel® Atom™ processors to our leading-edge manu- heart of this innovation and our business success are our employees. White Paper, Statement on Human Trafficking and Slavery, and other Investing in the future facturing technologies at twice our normal cadence. We shipped 32nm Intel continues to deliver the world’s most advanced silicon technology, One of the six Intel Values is “Great Place to Work,” which reinforces related policies are available at www.intel.com/go/governance. versions in 2012, and we expect to launch the 22nm generation ramping high-volume shipments of cutting-edge 22-nanometer (nm) in 2013, and 14nm versions in 2014. With each new generation of processors while building our next-generation 14nm factory network Intel, the Intel logo, Intel Inside, the Intel Inside logo, Intel Atom, Intel Xeon, Intel Xeon Phi, and Ultrabook are trademarks of Intel Corporation in the U.S. and/or other countries. *Other names and brands may be technology, we can boost performance while reducing costs and Paul S. Otellini, President and Chief Executive Officer and developing 10nm and smaller technologies. Andy D. Bryant, Chairman of the Board claimed as the property of others. Printed on recycled paper using soy-based inks. 0413/195K/TC/MB/LM/RRD. Copyright © 2013, Intel Corporation. All rights reserved. Financial Results

“ We made tremendous progress across the business in 2012 as we entered the market for smartphones and tablets, worked with our partners to reinvent the PC, and drove continued innovation and growth in the data ® center. Our strong product pipeline has us well-positioned to bring a new wave of Intel innovations across the spectrum of computing.”

Paul S. Otellini, President and Chief Executive Officer

Net Revenue Diluted Earnings Per Share Dividends Per Share Paid Dollars in billions Dollars Dollars

60 2.50 1.00 2.39 54.0 53.3 0.87 50 2.13 2.00 2.01 0.80 0.78 43.6 40 38.8 38.3 37.6 0.63 35.4 35.1 1.50 0.60 34.2 0.55 0.56 30 30.1

1.00 0.92 0.40 20 0.77

10 0.50 0.20 ™ 03 04 05 06 07 08 09 10 11 12 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 www.intel.com News and information about Intel® products and technologies, customer Capital Additions to Property, Cash from Operations Plant and Equipment Research and Development support, careers, worldwide locations, Dollars in billions Dollars in billions Dollars in billions and more. 25 12.0 12.0 10.8 11.0 21.0 10.1 20 18.9 9.0 9.0 8.4 16.7 15 6.6 6.0 6.0 5.7 5.7 10.9 11.2 5.2 5.2 10 4.5

3.0 3.0 5

2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 www.intc.com Stock information, earnings and conference webcasts, annual reports, and corporate governance and Past performance does not guarantee future results. This Annual Report to Stockholders contains forward-looking statements, and actual results could differ materially. historical financial information. 2012 Annual Report Risk factors that could cause actual results to differ are set forth in the “Risk Factors” section and throughout our 2012 Form 10-K, which is included in this Annual Report.