Intel Corporation

Young scientists and innovators from around the world arrived in Atlanta to compete in the Intel International Science and Engineering Fair presented by Agilent Technologies. Here at the world's largest pre-college science competition, more than 1,500 high school students from 51 countries, regions and territories compete this week for nearly $4 million in scholarships and awards. The top three winners will each be awarded a $50,000 scholarship by the Intel Foundation.

Intel Corporation, Samsung Electronics and TSMC have reached an agreement on the need for industry-wide collaboration to target a transition to larger, 450mm-sized wafers starting in 2012. The transition to larger wafers will enable continued growth of the semiconductor industry and helps maintain a reasonable cost structure for future integrated circuit manufacturing and applications.

The companies will cooperate with the semiconductor industry to help ensure that all of the required components, infrastructure and capability are developed and tested for a pilot line by this target date.

Eighteen schools have been named as finalists for the Intel Schools of Distinction Awards. The annual program honors schools for implementing innovative and replicable math and science programs that produce positive educational results. Schools compete for $1 million in grants and awards from the Intel Foundation and sponsoring companies. The winners will be announced in June.

The 18 finalists were chosen from both public and private schools and from urban and suburban neighborhoods. The finalists, representing a wide range of successful programs, are by category:

Intel Corporation and LSI Corporation (NYSE: LSI) have a strategic multi-generation agreement to redefine how advanced RAID data protection is deployed on future Intel® Xeon-based server and workstation platforms. This technical collaboration brings together Intel's next-generation RAID technology, codenamed "Treemont," and LSI MegaRAID® software to deliver a new level of RAID value. The solution offers the full benefits of advanced data protection to business-critical data that resides on Intel server and workstation platform solutions.

Intel Corporation has finalized and closed its transaction with STMicroelectronics and Francisco Partners to create a new independent semiconductor company Numonyx B.V. that will design, develop and manufacture NOR and NAND flash memory products. As part of the transaction, Intel has transferred the assets associated with its NOR flash memory business and certain assets related to the company's phase change memory initiatives to Numonyx in exchange for 45.1 percent ownership in Numonyx. ST Microelectronics acquired a 48.6 percent ownership interest in Numonyx. Francisco Partners acquired a 6.3 percent ownership interest in exchange for a cash investment of $150 million. As part of the overall transaction, Numonyx will receive $450 million of debt financing at closing from Intesa Sanpaolo S.p.A and Unicredit Banca d'Impresa S.p.A in addition to a $100 million committed revolving credit facility. The loan has a 4-year term and Intel and STMicroelectronics have each provided Numonyx and the banks with a guarantee of 50 percent of the indebtedness.

Honoring the next generation of American innovators, Intel Corporation has announced the winners of the Intel Science Talent Search. Shivani Sud, 17, of Durham, N.C., won the top award, a $100,000 scholarship from the Intel Foundation. For her research project, Sud developed a model that analyzed the specific "molecular signatures" of tumors from patients with stage II colon cancer. She then used this information to identify those at higher risk for tumor recurrence and propose potentially effective drugs for treatment.

Forty high school seniors today were named finalists for the Intel Science Talent Search 2008 (Intel STS). The competition, often called the "junior Nobel Prize," is America's oldest and most prestigious high school science competition. Finalists will travel to Washington, D.C. in March to compete for scholarships, with the top winner receiving a $100,000 scholarship from the Intel Foundation. Each finalist will receive at least $5,000 in scholarships and a new laptop featuring the Intel® Core™2 Duo processor.

Intel Corporation will purchase more than 1.3 billion kilowatt hours a year of renewable energy certificates as part of a multi-faceted approach to reduce its impact on the environment, making Intel the single-largest corporate purchaser of green power in the United States, according to the U.S. Environmental Protection Agency (EPA). The company said it hoped the record-setting purchase would help stimulate the market for green power, which should lead to additional generating capacity and ultimately, lower costs.

At 194 high schools across the country today, 300 seniors were named semifinalists of the Intel® Science Talent Search (Intel STS) 2008. America's oldest and most prestigious science competition, the Intel Science Talent Search – often called the "junior Nobel Prize" – brings together the best and brightest young scientific minds in America to compete for $1.25 million in scholarships. Each of the 300 Intel STS semifinalists receives $1,000 with an additional $1,000 to their respective school, resulting in $600,000 in total awards.

Intel Corporation announced record fourth-quarter revenue of $10.7 billion, operating income of $3 billion, net income of $2.3 billion and earnings per share (EPS) of 38 cents. For 2007, operating income grew 45 percent, reflecting the company's ongoing efficiency programs, with profits growing significantly faster than revenue.

"2007 was a breakthrough year for innovation at Intel," said Paul Otellini, Intel president and CEO. "We realized the benefits of our investments in new products and our efforts to drive efficiencies. Our customers embraced the Intel® Core™ microarchitecture, extending our competitive leadership and driving a significant gain in operating results. We enter 2008 with the best combination of products, silicon technology and manufacturing leadership in our history."