Intel today disclosed plans for an additional $ 2 billion investment in its facilities in Ireland. The company plans to make this investment to enable 65nm process technology and build Fab 24-2 on the Ireland campus. The investment will add an additional 60,000 square feet of manufacturing cleanroom space plus the necessary manufacturing equipment to enable the latest 65nm technology within both Fab 24-2 and existing Fab 24 facilities. Production for the new module is expected to begin the first half of 2006.

Intel today disclosed plans for an additional $ 2 billion investment in its
facilities in Ireland. The company plans to make this investment to enable 65nm
process technology and build Fab 24-2 on the Ireland campus. The investment will
add an additional 60,000 square feet of manufacturing cleanroom space plus the
necessary manufacturing equipment to enable the latest 65nm technology within
both Fab 24-2 and existing Fab 24 facilities. Production for the new module is
expected to begin the first half of 2006.

"We are about to begin production in Fab 24, our newest 300mm manufacturing
facility," said Bob Baker, senior vice president, Technology Manufacturing
Group. "This additional investment in the factory will help ensure that we have
leading-edge manufacturing capacity to meet customer needs in 2006. The
performance of our workforce in Ireland and our relationship with the government
helped make this investment decision possible."

Under terms of an agreement with the IDA, Intel will receive grants and other
potential incentives as it continues to invest in Ireland. Intel’s 2004 capital
expenditure forecast range of $ 3.6 billion to $ 4 billion will accommodate the
spending for the early stages of this project. Since 1989 Intel has invested
approximately $ 6 billion in its Ireland operations. Approximately 4,700 Intel
employees and contractors work at the Ireland site, mostly in Leixlip. This
campus includes Irish Fab Operations (Fab10 and Fab14) along with the newly
built Fab 24. The company also operates a circuit design center focused on
communications products in Shannon.