Intel Investor Presentation — January 2018

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EARNINGS PresentationThis presentation contains non -GAAP financial measures relating to our performance. You can find the reconciliation of these me asures to the

most directly comparable GAAP financial measure in the Appendix at the end of this presentation. The non -GAAP financial measures disclosed

by Intel should not be considered a substitute for, or superior to, the financial measures prepared in accordance with GAAP. Please refer to

“Explanation of Non -GAAP Measures” in Intel's quarterly earnings release for a detailed explanation of the adjustments made to t he comparable

GAAP measures, the ways management uses the non -GAAP measures, and the reasons why management believes the non -GAAP measures

provide investors with useful supplemental information.

Statements in this presentation that refer to Business Outlook, future plans and expectations are forward -looking statements tha t involve a

number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "goals," "plans," "believes," "seeks," "estimates," "continues,"

"may," "will," “would,” "should," “could,” and variations of such words and similar expressions are intended to identify such forward -looking

statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward -looking statements.

Such statements are based on management's expectations as of January 25, 2018 and involve many risks and uncertainties that c ould cause

actual results to differ materially from those expressed or implied in these forward -looking statements. Important factors that could cause

actual results to differ materially from the company's expectations are set in Intel's earnings release dated January 25, 201 8, which is included

as an exhibit to Intel’s Form 8 -K furnished to the SEC on such date. Additional information regarding these and other factors t hat could affect