Exhibit 99.1

      Intel Fourth-Quarter Business Consistent With Expectations

    SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 8, 2005--Intel
Corporation expects revenue for the fourth quarter to be between $10.4
billion and $10.6 billion, as compared to the previous range of $10.2
billion to $10.8 billion.
    The fourth-quarter gross margin percentage expectation has been
narrowed to 63 percent, plus or minus a point, and is expected to be
slightly above the midpoint of the new range. The previous expectation
was 63 percent, plus or minus a couple of points. Capital spending is
expected to be below the midpoint of the previous expectation of $5.9
billion, plus or minus $200 million. All other expectations are
unchanged.
    This Business Update is a scheduled update to the company's
Business Outlook for the quarter, which ends Dec. 31. Intel's
fourth-quarter Business Outlook was originally published in the
company's third-quarter 2005 earnings release, available at
www.intc.com. The company will discuss this update during a public
webcast at 2:30 p.m. PST today at www.intc.com, with a replay
available until Jan. 17.
    Intel, the world's largest chip maker, is also a leading
manufacturer of computer, networking and communications products.
Additional information about Intel is available at
www.intel.com/pressroom.

    This Business Update and the Oct. 18, 2005 Business Outlook are
forward-looking statements and involve a number of risks and
uncertainties. This Business Update does not include the potential
impact of any mergers, acquisitions, divestitures or other business
combinations that may be completed after Dec. 7, 2005. Many factors
could affect Intel's actual results, and changes from Intel's current
expectations regarding such factors could cause actual results to
differ materially. Intel presently considers the factors set forth
below to be the important factors that could cause actual results to
differ materially from Intel's published expectations. A more detailed
discussion of these factors, as well as other factors that could
affect Intel's results, is contained in Intel's SEC filings, including
the report on Form 10-Q for the quarter ended Oct. 1, 2005.

    --  Intel operates in intensely competitive industries. Revenue
        and the gross margin percentage are affected by the demand for
        and market acceptance of Intel's products; the availability of
        sufficient inventory of Intel products and related components
        from other suppliers to meet demand; pricing pressures; and
        actions taken by Intel's competitors. Factors that could cause
        demand to be different from Intel's expectations include
        changes in customer order patterns, including order
        cancellations; changes in the level of inventory at customers;
        and changes in business and economic conditions.

    --  The gross margin percentage could vary from expectations based
        on changes in revenue levels; product mix and pricing;
        variations in inventory valuation, including variations
        related to the timing of qualifying products for sale; excess
        or obsolete inventory; manufacturing yields; changes in unit
        costs; capacity utilization; impairments of long-lived assets,
        including manufacturing, assembly/test and intangible assets;
        and the timing and execution of the manufacturing ramp and
        associated costs, including start-up costs.

    --  Expenses, particularly certain marketing and compensation
        expenses, vary depending on the level of demand for Intel's
        products and the level of revenue and profits.

    --  The tax rate expectation is based on current tax law and
        current expected income and assumes Intel continues to receive
        tax benefits for export sales. The tax rate may be affected by
        the closing of acquisitions or divestitures; the jurisdictions
        in which profits are determined to be earned and taxed;
        changes in the estimates of credits, benefits and deductions,
        as well as the taxes associated with repatriation of cash
        under the American Jobs Creation Act; the resolution of issues
        arising from tax audits with various tax authorities; and the
        ability to realize deferred tax assets.

    --  Gains or losses from equity securities and interest and other
        could vary from expectations depending on equity market levels
        and volatility; gains or losses realized on the sale or
        exchange of securities; impairment charges related to
        marketable, non-marketable and other investments; interest
        rates; cash balances; and changes in fair value of derivative
        instruments.

    --  Intel's results could be impacted by unexpected economic,
        social and political conditions in the countries in which
        Intel, its customers or its suppliers operate, including
        security risks, possible infrastructure disruptions and
        fluctuations in foreign currency exchange rates.

    --  Intel's results could also 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 and other issues, such as the litigation
        and regulatory matters described in Intel's SEC reports.

    *  Intel is a mark or registered trademark of Intel Corporation or
its subsidiaries in the United States and other countries.