Semiconductors: Critical accounting estimates (MD&A)

Page
Forward-Looking Statements	1
Availability of Company Information	2
Overview	3
Our Strategy	3
Our Business	6
Management's Discussion and Analysis
Operating Segment Results	21
Consolidated Results of Operations	25
Liquidity and Capital Resources	29
Properties	32
Quantitative and Qualitative Disclosures About Market Risk	33
Critical Accounting Estimates	34
Risk Factors	37
Other Key Information
Information About Our Executive Officers	52
Market for Our Common Stock	53
Stock Performance Graph	53
Issuer Purchases of Equity Securities	53
Rule 10b5-1 Trading Arrangements	54
Cybersecurity	54
Disclosure Pursuant to Section 13(r) of the Securities Exchange Act of 1934	54
Financial Statements and Supplemental Details
Auditor's Reports	57
Consolidated Financial Statements	60

Forward-Looking Statements

This Form 10-K contains forward-looking statements that involve a number of risks and uncertainties. Words such as "accelerate", "achieve", "aim", "ambitions", "anticipate", "believe", "committed", "continue", "could", "designed", "estimate", "expect", "forecast", "future", "goals", "grow", "guidance", "intend", "likely", "may", "might", "milestones", "next generation", "objective", "on track", "opportunity", "outlook", "pending", "plan", "position", "possible", "potential", "predict", "progress", "ramp", "roadmap", "seek", "should", "strive", "targets", "to be", "upcoming", "will", "would" and variations of such words and similar expressions are intended to identify such forward-looking statements, which may include statements regarding:

▪ our business plans and strategy and anticipated benefits therefrom;

▪ projections of our future financial performance, including future revenue, gross profits, capital expenditures and cash flows;

▪ projected costs and yield trends;

▪ future cash requirements, the availability, uses, sufficiency and cost of capital resources, and sources of funding, including for future capital and R&D investments and for returns to stockholders, and credit ratings expectations;

▪ future products, services and technologies, and the expected goals, timeline, ramps, progress, availability, production, regulation and benefits of such products, services and technologies, including future process nodes and packaging technology, product roadmaps, schedules, future product architectures, expectations regarding process performance, per-watt parity and metrics, and expectations regarding product and process competitiveness;

▪ internal and external manufacturing plans, including future internal manufacturing volumes, manufacturing expansion plans and the financing therefor, and external foundry usage;

▪ future production capacity and product supply;

▪ supply expectations, including regarding constraints, limitations, pricing, and industry shortages;

▪ plans and goals related to Intel's foundry business, including with respect to anticipated customers, future manufacturing capacity and service, technology and IP offerings;