Intel Investor Presentation — October 2021

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Earnings Presentation

Chief Executive Officer

Executive Vice President and Chief Financial Officer2• This presentation contains non -GAAP financial measures. Intel revenue, gross margin, and earnings per share are presented on a n on-GAAP basis unless

otherwise indicated. This presentation also includes a non -GAAP free cash flow (FCF) measure. The Appendix provides a reconcili ation of these measures

to the most directly comparable GAAP financial measure. The non -GAAP financial measures disclosed by Intel should not be conside red a substitute for, or

superior to, the financial measures prepared in accordance with GAAP. Please refer to “Explanation of Non -GAAP Measures” in Int el's quarterly earnings

release for a detailed explanation of the adjustments made to the comparable GAAP measures, the ways management uses the non -GAA P 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, plans, and expectations are forward -looking statements that invo lve risks and uncertainties.

Words such as "anticipate," "expect," "intend," "goal," "plans," "believe," "seek," "estimate," "continue,“ “committed,” “on -track,” ”positioned,” “ramp,”

“momentum,” “roadmap,” “pipeline,” “progress,” “forecast,” “likely,” “guide,” “potential,” “future,” “next -gen,” "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

estimates, forecasts, projections, uncertain events or assumptions, including statements relating to Intel’s strategy; manufa cturing expansion and investment

plans; financial projections; future dividends and returns to shareholders; plans and goals related to Intel’s foundry busine ss;total addressable market (TAM)