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: 2008-05-14

Reporting Person: HOLT WILLIAM M (SR VP GM, TECH & MFG GRP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-14	COMMON	M	50000	$18.63	Acquired	105334	Direct
2008-05-14	COMMON	S	50000	$23.95	Disposed	55334	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-14	Employee Option (right to buy)	$18.63	M	12800	Disposed	2013-04-22	COM.STK (12800)	Direct
2008-05-14	Employee Option (right to buy)	$18.63	M	37200	Disposed	2013-04-22	COM.STK (37200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON	13010	Indirect
COMMON	1601	Indirect
COMMON	2.251	Indirect

Footnotes

F1: Transactions reported on this Form 4 were made pursuant to trading instructions adopted by the undersigned on January 30, 2008 that are intended to comply with Rule 10b5-1(c).

F2: Mr. Holt also holds 75,125 restricted stock units.