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Table of Contents
REPORT OF ERNST & YOUNG LLP, INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders, Intel Corporation
We have audited the accompanying consolidated balance sheets of Intel Corporation as of December 30, 2006 and December
31, 2005, and the related consolidated statements of income, stockholders’
equity, and cash flows for each of the three years in
the period ended December 30, 2006. Our audits also included the financial statement schedule listed in the Index at Part IV,
Item 15. These financial statements and schedule are the responsibility of the company’s management. Our responsibility is to
express an opinion on these financial statements and schedule based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial
position of Intel Corporation at December 30, 2006 and December 31, 2005, and the consolidated results of its operations and
its cash flows for each of the three years in the period ended December 30, 2006, in conformity with U.S. generally accepted
accounting principles. Also, in our opinion, the related financial statement schedule, when considered in relation to the basic
financial statements taken as a whole, presents fairly in all material respects the information set forth therein.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the effectiveness of Intel Corporation’s internal control over financial reporting as of December 30, 2006, based on criteria
established in Internal Control—
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission and our report dated February 20, 2007 expressed an unqualified opinion thereon.
As discussed in Notes 2 and 13 to the consolidated financial statements, on January 1, 2006, the company adopted Statement
of Financial Accounting Standards No. 123 (revised 2004), “ Share-Based Payment ” and during 2006, the company adopted
Statement of Financial Accounting Standards No. 158, “ Employers’ Accounting for Defined Benefit Pension and Other
Postretirement Plans, an amendment of FASB Statements No. 87, 88, 106 and 132(R).
”
/s/ Ernst & Young LLP
San Jose, California
February 20, 2007
89