INTEL CORP — Director's Dealing 2008

May 19, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2008-05-19

Reporting Person: GUZY D JAMES SR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-19	COMMON	M	20000	$19.4845	Acquired	10260175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-19	Employee Option (right to buy)	$19.4845	M	20000	Disposed	2008-05-20	COM.STK (20000)	Direct

Footnotes

F1: Mr. Guzy holds 11,402 restricted stock units.