About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

Forward-Looking Statements

Statements in this press release that refer to future plans and expectations, including with respect to Intel’s manufacturing expansion and investment plans in the European Union (EU), are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “goals,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” “will,” “would,” “on track,” “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 the anticipated benefits of Intel’s planned EU investments, including with respect to meeting future demand and future capacity expansion; anticipated supplier, ecosystem, community, and government support and approval for Intel’s planned EU investments and anticipated benefits related to such support; the proposed transaction between Intel and Tower Semiconductor (Tower), including statements regarding the benefits and the timing of the transaction, as well as statements regarding the companies’ products, customers, and markets; additional future site investments and the timing of such investments; anticipated construction and production timing for Intel’s planned factories; future products and technology and the availability and benefits of such products and technology, including future transistor technology; environmental plans for and benefits from Intel’s factories and technologies, including regarding energy use, water use, and waste; future external foundry business; plans and goals related to Intel’s foundry business; foundry service offerings; market opportunity; and anticipated trends in our businesses or the markets relevant to them, also identify forward-looking statements. Such statements are based on management’s expectations as of the date they were first made and involve risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Important factors that could cause actual results to differ materially include, among others, Intel’s failure to realize the anticipated benefits of its strategy, plans, and proposed transactions; construction delays or changes in plans due to business, economic, or other factors; increases in capital requirements and changes in capital investment plans; adverse changes in anticipated government incentives and associated approval related to Intel’s planned EU investments; adverse legislative or other government actions; insufficient ecosystem support; the risk that the proposed transaction with Tower may not be completed in a timely manner or at all; uncertainties as to the timing of the consummation of the Tower transaction and the potential failure to satisfy the conditions to the consummation of the transaction, including the receipt of certain governmental and regulatory approvals; demands in Tower customer end markets and for Tower foundry services and/or products that exceed Tower’s capacity; the impact of macroeconomic and geopolitical trends and events; and the factors set forth in Intel’s Securities and Exchange Commission (SEC) filings, including the company’s most recent reports on Forms 10-K and 10-Q, which may be obtained by visiting our Investor Relations website at www.intc.com or the SEC’s website at www.sec.gov. Intel does not undertake, and expressly disclaims any duty, to update any statement made in this press release, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law.

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Lisa Malloy
1-202-270-7600
lisa.malloy@intel.com