INTEL CORP — Director's Dealing 2008

May 16, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTEL CORP (INTC)
CIK: 0000050863
Period of Report: 2008-05-12

Reporting Person: HUNDT REED E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-12	COMMON STOCK	M	8821.23	—	Acquired	21644.23	Direct
2008-05-12	COMMON STOCK	D	8821.23	$23.64	Disposed	12823	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-12	PHANTOM SHARE UNITS	$0	M	8821.23	Disposed	2008-05-12	COM.STK (8821.23)	Direct

Footnotes

F1: Cash settlement of phantom stock units pursuant to original deferral election under the Intel Corporation 2006 Deferral Plan for Outside Directors.