UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

  X   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended: December 31, 2007

OR

       TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from                      to                     

Commission file number 000-06217

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

INTEL CORPORATION 401(k) SAVINGS PLAN

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office

INTEL CORPORATION
2200 MISSION COLLEGE BOULEVARD
SANTA CLARA, CALIFORNIA, 95054-1549

INTEL CORPORATION 401(k) SAVINGS PLAN
Index to Financial Statements and Exhibits

Item

		Page
Report of Independent Registered Public Accounting Firm		2
Financial Statements:
Statements of Net Assets Available for Benefits at December 31, 2007 and 2006		3
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 2007		4
Notes to Financial Statements		5
Supplemental Schedule at December 31, 2007:
Schedule H, Line 4i – Schedule of Assets (Held At End of Year)		19
Signatures		28
Exhibit 23 - Consent of Independent Registered Public Accounting Firm		29

Report of Independent Registered Public Accounting Firm

The SERP Administrative Committee
Intel Corporation 401(k) Savings Plan

We have audited the accompanying statements of net assets available for benefits of Intel Corporation 401(k) Savings Plan as of December 31, 2007 and 2006, and the related statement of changes in net assets available for benefits for the year ended December 31, 2007. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements 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. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and 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 net assets available for benefits of the Plan at December 31, 2007 and 2006, and the changes in its net assets available for benefits for the year ended December 31, 2007, in conformity with U.S. generally accepted accounting principles.

Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2007, is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.

		/s/ Ernst & Young, LLP

San Jose, California
June 18, 2008

Intel Corporation 401(k) Savings Plan

Statements of Net Assets Available for Benefits

		December 31,
		2007				2006
Assets
Value of interest in the Stable Value Fund, at fair value		$	111,522,209			$	107,320,210
Investments, at fair value			4,196,220,314				3,655,594,536
Investment of securities lending collateral			3,745,496				—
Receivables:
Interest and dividends receivable			8,716				1,162,192
Receivable from brokers for securities sold			1,422,130				1,272,059
Employee contributions receivable			7,157,362				8,456,771
Total receivables			8,588,208				10,891,022
Total assets			4,320,076,227				3,773,805,768
Liabilities
Payable for securities lending collateral			3,745,496				—
Other accrued liabilities			7,920,608				8,468,729
Total liabilities			11,666,104				8,468,729
Net assets available for benefits, at fair value			4,308,410,123				3,765,337,039
Adjustment from fair value to contract value for fully benefit-responsive investment contracts held by the Stable Value Fund			621,296				1,540,511
Net assets available for benefits		$	4,309,031,419			$	3,766,877,550

See accompanying notes.

Intel Corporation 401(k) Savings Plan

Statement of Changes in Net Assets Available for Benefits

Year Ended December 31, 2007

Additions
Employee contributions		$	383,893,447
Net investment income:
Interest and dividend income			226,934,686
Net investment income from participation in Stable Value Fund			4,967,377
Net realized and unrealized appreciation in fair value of investments			216,951,668
Total net investment income			448,853,731
Total additions			832,747,178
Deductions
Benefits paid to participants and participant withdrawals			289,253,626
Administrative fees			1,216,100
Transfers to other plan			123,583
Total deductions			290,593,309
Net increase			542,153,869
Net assets available for benefits:
Beginning of year			3,766,877,550
End of year		$	4,309,031,419

See accompanying notes.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements

1. Description of the Plan

The following description of the Intel Corporation 401(k) Savings Plan (the Plan) provides only general information. Participants should refer to the plan document for a more complete description of the Plan’s provisions.

General

The Plan is a defined contribution plan covering all eligible U.S. employees of Intel Corporation (the company). Eligible employees may participate in the Plan any time on or after their date of hire. The Plan was amended to require all employees who become eligible to participate on or after January 1, 2007, to be automatically enrolled in the Plan unless they make an affirmative election not to participate. Participants who are automatically enrolled will initially have 3% of their compensation withheld and deposited in the appropriate LifeStage Fund, which invests in varying percentages of equity securities and fixed-income debt instruments based on the participants’ age.

The Plan is intended to be qualified under Section 401(a) of the U.S. Internal Revenue Code of 1986 (the Code), as amended, and is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended.

Trustee

The Bank of New York Mellon, N.A. (Mellon) is the Plan’s trustee, and holds all investments of the Plan and the Intel Corporation Master Trust (the Master Trust).

Administration of the Plan

The Sheltered Employee Retirement Plan (SERP) Administrative Committee (as appointed by the Finance Committee of the company) is the fiduciary responsible for the general operation and administration of the Plan (but not management or control of Plan assets) and the Investment Policy Committee (as appointed by the Finance Committee of the company) is the fiduciary responsible for the management and control of Plan assets. The company is the plan sponsor, as defined by ERISA. Fidelity Investments Institutional Operations Company provides recordkeeping services with respect to the Plan.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

Contributions and Participant Accounts

Participant Contributions

Participants may contribute up to 50% (limited to certain percentages for highly compensated individuals) of their annual compensation on a before-tax basis, provided the amounts do not exceed the annual Internal Revenue Service (IRS) limit. Such contributions are withheld by the company from each participant’s compensation and deposited in the appropriate fund in accordance with the participant’s directives. Participants who are fifty years of age or older by the end of a particular plan year and have contributed the maximum 401(k) deferral amount allowed under the Plan for that year are eligible to contribute an additional portion of their annual compensation on a before-tax basis as catch-up contributions, up to the annual IRS limit. As of December 31, 2007, participants could elect to invest in any combination of the 72 different investment options offered under the Plan; however, effective November 1, 2006, participants may not elect to invest more than 20% of their account in the Intel Stock Fund. Participants may change their investment elections daily.

Subsequent to year-end, the Plan was amended to allow participants to make Roth 401(k) contributions. Effective January 1, 2008, participants can make pre-tax contributions, after-tax Roth 401(k) contributions, or a combination of both, up to the allowed annual IRS limit.

Participant Accounts

Separate accounts are maintained for each participant. The account balances are generally adjusted as follows:

	•		Bi-weekly or semi-monthly for participant contributions.
	•		Daily for a pro rata share of investment income or losses on the Plan’s investments based on the ratio that each participant’s account bears to the total of all such accounts.

ESOP Conversion

The Plan was amended effective January 1, 2007, to convert the Intel Stock Fund into an employee stock ownership plan (ESOP) in accordance with Code section 4975(e)(7). As such, participants will have the option to receive dividends on their shares of stock held in the Intel Stock Fund distributed in cash or reinvested within the Intel Stock Fund.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

Vesting

Participants are immediately 100% vested with respect to contributions to all investment options in the Plan, as well as the related earnings from such contributions.

Payment of Benefits

Participants are eligible for a distribution of Plan benefits upon termination of service, whether by disability, retirement, death or leaving the company. In the event of financial hardship (as defined by the Plan), participants may withdraw money from their Plan accounts while they are still employed. Upon termination of service, a participant or applicable beneficiary may elect to have benefits paid in a single lump-sum distribution or monthly annuity payments, or may request that the company make a direct transfer to another eligible retirement plan. Spousal consent may be required based on the value of the account balance or type of distribution.

Participants who elect monthly annuity payments will have the balance of their accounts transferred to the Intel Corporation Defined Benefit Pension Plan (Intel Pension Plan). A single annuity is paid to those participants based on the combined benefit under the terms of the two plans. There were transfers under this option of $123,583 for the year ended December 31, 2007.

Participant Loans

All participants are permitted to obtain loans of up to 50% of their vested account balances in the Plan up to a maximum of $50,000 when combined with all other loans from this Plan and the Intel Corporation Profit Sharing Retirement Plan (Intel Profit Sharing Plan). The participants’ account balances secure their loans. The interest rate is based on the prime rate plus 1% as reported in The Wall Street Journal on the last business day of each month. The loan provisions are established by the SERP Administrative Committee and administered by the record keeper.

Participants may choose to obtain loans from either this Plan or the Intel Profit Sharing Plan. Repayments of loans are transferred to the participants’ Plan and Intel Profit Sharing Plan accounts in the ratio in which such accounts provided funding for the loan.

Administrative Expenses

The company pays a portion of the expenses for administration of the Plan. All other administrative expenses are paid directly by the Plan.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

2. Summary of Significant Accounting Policies

Basis of Accounting

The accompanying financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles.

Investment Valuation

A portion of the investments of the Plan are held in the Master Trust, which consists of the assets of the Plan, the Intel Profit Sharing Plan, and the Intel Pension Plan. The Master Trust includes multiple investment accounts, in which different combinations of the above-mentioned plans invest. Each participating plan shares in the assets and earnings of the master trust investment accounts (see Note 3: Master Trust Investment Accounts) are based on its respective interest in each master trust investment account. The Plan, along with the Intel Profit Sharing Plan, participates in one such investment account, the Stable Value Fund.

The Plan, either directly or through investment in the Stable Value Fund, holds investments in mutual funds, common collective trust funds, equity securities, fixed-income debt instruments and participant loans, all of which are stated at fair value as of the last day of the plan year. The fair value for securities traded on a national securities exchange or over-the-counter market is determined using the last reported sales price as of the valuation date. Mutual funds are valued at quoted market prices that represent the net asset values of shares held at year-end. Participation units in common collective trust funds are stated at their unit price based on the fair values of underlying assets in the funds on the last business day of the plan year. Participant loans are valued at their outstanding balances as of the last day of the plan year, which approximates fair value.

Within the Stable Value Fund, traditional Guaranteed Investment Contracts (GICs) and Variable Synthetic (VS) GICs are stated at estimated fair value, computed using discounted cash flows. Wrapper contracts related to Fixed Maturity Synthetic (FMS) GICs and Constant Duration Synthetic (CDS) GICs also held in the Stable Value Fund are stated at estimated fair value, based on a replacement cost determined by Standish Mellon Asset Management (Standish), the Stable Value Fund’s investment manager. The Stable Value Fund is allocated to the Plan and the Intel Profit Sharing Plan based on each plan’s proportionate share of the underlying assets.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

Effective January 1, 2006, the Plan adopted the requirements as described in Financial Accounting Standards Board (FASB) Staff Position (FSP) AAG INV-1 and SOP 94-4-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans (FSP AAG INV-1 and SOP 94-4-1). These requirements are effective for financial statements issued for periods ending after December 15, 2006. FSP AAG INV-1 and SOP 94-4-1 requires investment contracts held by a defined contribution plan to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents the cost plus contributions made under the contracts plus interest at the contract rates less withdrawals and administrative expenses. In particular, FSP AAG INV-1 and SOP 94-4-1 affected the presentation of the amounts related to the Plan’s participation in the Stable Value Fund. The statements of net assets available for benefits present the fair value of the investment in the Stable Value Fund as well as the adjustment from fair value to contract value for the Plan’s proportionate share of fully benefit responsive investment contracts within the Stable Value Fund. The statement of changes in net assets available for benefits is prepared on a contract value basis.

Income Recognition

Net investment income includes gains/(losses) realized on the sale of securities and unrealized appreciation/(depreciation) in the fair value of investments, which is the difference between the fair value of investments at the beginning and the end of the year.

Investment transactions are recognized as of their trade dates. Interest is accrued daily; dividends are accrued when declared.

Benefit Payments

Benefits are recorded when paid.

Contributions

Participant contributions are accrued when the participants’ salary deferrals are made.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ materially from management’s estimates.

Recent Accounting Pronouncements

In September 2006, the FASB issued Statement of Financial Accounting Standards (SFAS) No. 157, “Fair Value Measurements” (SFAS No. 157). SFAS No. 157 defines fair value, establishes a framework for measuring fair value, and enhances fair value measurement disclosure. The measurement and disclosure requirements of SFAS No. 157 related to financial assets and financial liabilities are effective for the Plan beginning in 2008. The resulting fair values calculated under SFAS No. 157 after adoption may be different than the fair values that would have been calculated under previous guidance. The Plan is currently evaluating the impact that the adoption of SFAS No. 157 will have on the Plan’s financial statements.

3. Master Trust Investment Accounts

Substantially all of the Plan’s investments are in various participant-directed investments, included in “Investments, at fair value” in the statements of net assets available for benefits. A significantly smaller portion of the Plan’s investments are in the Stable Value Fund. The value of the Plan’s interest in the Stable Value Fund included in the statements of net assets available for benefits represents 81.0% of the net assets available for benefits of the Stable Value Fund at December 31, 2007 and 85.0% at December 31, 2006.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

The Stable Value Fund’s net assets available for benefits consisted of the following:

		December 31,
		2007				2006
Assets
Investments, at fair value:
Common collective trusts		$	88,664,602			$	79,916,975
Fixed-income debt instruments			41,825,656				33,878,511
Traditional guaranteed investment contracts			4,566,104				9,505,596
Variable synthetic guaranteed investment contracts			2,548,880				2,508,397
Wrapper contracts			10,345				7,977
Total investments, at fair value			137,615,587				125,817,456
Interest and dividends receivable			214,286				493,341
Total assets			137,829,873				126,310,797
Liabilities
Investment advisory fees			64,515				29,636
Net assets available for benefits, at fair value			137,765,358				126,281,161
Adjustment from fair value to contract value for fully benefit responsive investment contracts			767,032				1,812,683
Net assets available for benefits		$	138,532,390			$	128,093,844

The net investment income in the Stable Value Fund for the year ended December 31, 2007, was comprised of interest and dividends in the amount of $6,002,804.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

4. Investments

The fair value of individual investments that represent 5% or more of the fair value of the Plan’s net assets available for benefits at year-end are as follows:

		December 31,
		2007				2006
Mutual funds:
American Funds EuroPacific Growth Fund		$	273,134,153			$	223,288,203
Fidelity Contrafund		$	307,508,515			$	258,121,401
Fidelity Growth Company Fund		$	237,491,103			$	205,895,490
Fidelity Low-Priced Stock Fund		$	295,440,026			$	324,443,235
Vanguard Institutional Index Fund		$	270,210,560			$	279,044,861
Common collective trust fund:
EB Daily Liquidity Stock Index Fund		$	332,683,531			$	294,881,790
Common stock:
Intel Corporation		$	487,531,923			$	447,663,383

During 2007, the Plan’s investments (including investments purchased, sold, and held during the year) appreciated in fair value as follows:

		Year Ended
		December 31,
		2007
Net realized and unrealized appreciation (depreciation) in fair value of investments:
Mutual funds		$	43,673,301
Common collective trust funds			46,357,406
Intel common stock			126,735,251
Other common stock			185,710
Net realized and unrealized appreciation in fair value of investments		$	216,951,668

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

5. Investment Contracts

The Stable Value Fund holds investment contracts with insurance companies and banks in order to provide participants with a stable, fixed-rate return on investment and protection of principal from changes in market interest rates. Standish has discretionary authority for the purchase and sale of investments in the Stable Value Fund, subject to the general investment policies of the Investment Policy Committee.

The Traditional GICs crediting rate is based upon the rate that is agreed to when the insurance company writes the contract and is generally fixed for the life of the contract. The initial crediting rate for both the CDS GICs and the FMS GICs is set based on the market interest rates at the time that the initial asset is purchased and is guaranteed to have an interest crediting rate not less than zero percent. The CDS GICs crediting rate and the FMS GICs crediting rate reset every quarter based on the book value of the contract, the market value of the underlying assets, and the average duration of the underlying assets. The crediting rate for CDS GICs aims at converging the book value of the contract and the market value of the contract and therefore will be affected by interest rate and market changes. The VS GICs crediting rate is reset every quarter based on the then current market index rates and investment spread. The investment spread is established when the contract is issued and is guaranteed by the issuer for the life of the investment.

Certain events may limit the ability of the Stable Value Fund to transact at contract value with the issuers. Such events include the following:

	•		employer initiated events which are within the control of the plan sponsor that would have a material and adverse impact on the fund;
	•		employer communications designed to induce participants to transfer from the fund;
	•		competing fund transfer or violation of equity wash or equivalent rules in place; and
	•		changes in qualification status of the employer or the plans participating in the fund.

If any such event occurs, market value would likely be used in determining the payouts to the participants.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

In general, issuers may terminate the contract and settle at other than contract value if there is a change in the qualification status of the employer or the Plan, a breach of material obligations under the contract and misrepresentations by the contract holder, or a failure of the underlying portfolio to conform to the pre-established investment guidelines.

The FMS GICs and CDS GICs use wrapper contracts in order to manage market risks and to alter the return characteristics of the underlying portfolio of securities owned by the Stable Value Fund to match certain fixed income fund objectives. Wrapper contracts generally change the investment characteristics of underlying securities (such as corporate debt or U.S. government securities) to those of traditional GICs. The wrapper contracts provide that benefit-responsive distributions for specific underlying securities may be withdrawn at contract or face value. Benefit-responsive distributions are generally defined as a withdrawal on account of a participant’s retirement, disability, or death, or participant-directed transfers in accordance with the terms of the Plan.

The investment contracts owned by the Stable Value Fund earned the following average yields:

		Years Ended
		December 31,
		2007				2006
Earned by the Plan			4.72	%			4.57	%
Credited to participants			4.61	%			4.51	%

6. Party-In-Interest Transactions

Approximately 11% of the Plan’s net assets available for benefits are shares of the company’s common stock. Transactions in shares of the company’s common stock qualify as party-in-interest transactions under the provisions of ERISA. During 2007, the Plan made purchases of the company’s common stock of $10,336,014 and sales and distributions of $97,202,725.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

7. Securities Lending

The Plan has a securities lending agreement with Mellon. The Plan is not restricted from lending securities to other qualified financial institutions, provided such loans are callable at any time and are at all times fully secured by cash, cash equivalents, or securities issued or guaranteed by the U.S. government or its agencies. The Plan may bear the risk of delay in recovery of, or rights in, the securities loaned should the borrower of the securities fail financially. Consequently, loans of securities are only made to firms deemed by the subadvisors to be creditworthy. The Plan receives compensation for lending its securities, either in the form of fees or by retaining a portion of interest on the investment of any cash received as collateral.

Cash collateral is recorded as an asset with a corresponding liability on the statements of net assets available for benefits. For lending agreements collateralized by securities, the collateral is not recorded as an asset or a liability, unless the collateral is repledged. All collateral received will be in an amount equal to at least 102% of the market value of the loaned securities. It is intended that the collateral will be maintained at that level during the period of the loan. The value of the collateral on-hand was $3,781,817, including $36,321 collateralized by securities which the Plan does not have the right to sell or repledge, at December 31, 2007. The market value of the loaned securities is determined at the close of business, and any additional required collateral is delivered to the Plan the next business day. The market value of the loaned securities was $3,639,760 at December 31, 2007. During the loan period, the Plan continues to retain rights of ownership, including dividends and interest of the loaned securities. Income generated from securities lending arrangements totaled $2,405 for the year ended December 31, 2007. This amount is included in the net realized and unrealized appreciation in fair value of investments on the statement of changes in net assets available for benefits. The Plan did not participate in any securities lending during 2006.

8. Concentration of Credit Risk

The Plan’s exposure to a concentration of credit risk is limited by the diversification of investments across 72 participant-directed fund elections. With the exception of the Intel Stock Fund, the investments within each participant-directed fund election are further diversified into varied financial instruments. The Intel Stock Fund invests in a single security. The Plan’s exposure to credit risk on the wrapper contracts is limited to the fair value of the contracts with each counterparty. Collateral has been obtained and secured against investments whenever deemed necessary.

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

9. Income Tax Status

The Plan has received a determination letter from the IRS dated February 7, 2006, stating that the Plan is qualified under Section 401(a) of the Code, and therefore the related trust is exempt from taxation. Subsequent to this issuance of the determination letter, the Plan was amended and restated. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualification. The plan sponsor believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as amended and restated, is qualified and the related trust is tax-exempt.

10. Plan Termination

The company has the right under the Plan to amend and terminate the Plan at any time for any reason. In the event of a plan termination, participants will remain 100% vested in their accounts.

11. Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2007 and 2006 to the Form 5500:

		December 31,
		2007				2006
Net assets available for benefits per the financial statements		$	4,309,031,419			$	3,766,877,550
Less: Adjustment between fair value and contract value related to fully benefit responsive investment contracts held by the Stable Value Fund			(621,296	)			(1,540,511	)
Net assets available for benefits per the Form 5500		$	4,308,410,123			$	3,765,337,039

Intel Corporation 401(k) Savings Plan

Notes to Financial Statements (continued)

The following is a reconciliation of net investment income per the financial statements for the year ended December 31, 2007, to the Form 5500:

Net investment income from participation in Stable Value Fund per the financial statements		$	4,967,377
Change in adjustment between fair value and contract value related to fully benefit responsive investment contracts held by the Stable Value Fund			919,215
Net investment income from master trust investment accounts per the Form 5500		$	5,886,592

Supplemental Schedule

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Mutual funds:
		AIM Basic Value		70,046 shares				$	2,274,405
		Allianz CCM Capital Appreciation Fund		212,336 shares					4,510,013
		Allianz CCM Mid Cap Fund		356,523 shares					10,135,935
		American Century Equity Income Fund		675,007 shares					5,265,053
		American Century Real Estate Fund		1,377,404 shares					29,187,194
		American Century Small Cap Value Fund		1,709,745 shares					12,976,963
		American Century Small Company Fund		2,118,683 shares					17,648,633
		American Funds EuroPacific Growth Fund		5,369,258 shares					273,134,153
		American Funds Growth Fund of America		933,248 shares					31,730,445
		Blackrock Global Allocation Fund		907,775 shares					18,010,265
		Blackrock Global Small Cap Fund Inc		983,524 shares					25,276,563
		Brandywine Blue Fund, Inc.		1,371,266 shares					48,391,975
		Calvert Social Investment Bond Fund		485,051 shares					7,707,464
		Calvert Social Investment Equity Fund		78,401 shares					3,167,417
		Delaware Pooled International Equity Fund		2,576,438 shares					59,850,644
		Dodge & Cox Stock Fund		1,059,560 shares					146,494,791
		Evergreen International Bond Fund		724,595 shares					8,158,942
*		Fidelity Capital & Income Fund		7,742,623 shares					67,205,964
*		Fidelity Contrafund		4,206,107 shares					307,508,515
*		Fidelity Growth Company Fund		2,862,028 shares					237,491,103
*		Fidelity Low-Priced Stock Fund		7,183,079 shares					295,440,026
*		Fidelity Mid-Cap Stock Fund		1,264,348 shares					36,969,525
*		Fidelity Puritan Fund		3,935,935 shares					74,900,849
		Franklin Income Fund		5,904,445 shares					15,174,422
		GAMCO Gold AAA		1,634,463 shares					45,944,766
		GMO Emerging Countries Fund		4,705,115 shares					77,210,931
		Goldman Sachs Mid Cap Value Fund		1,327,668 shares					47,318,071
		Goldman Sachs Small Cap Value Fund		200,180 shares					7,168,453

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year) (continued)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Mutual funds (continued):
		Legg Mason Special Investment Trust		232,504 shares				$	9,697,728
		Legg Mason Value Trust Inc		228,227 shares					16,058,025
		Longleaf Partners Fund		487,592 shares					16,168,561
		Loomis Sayles Bond		2,941,323 shares					42,884,488
		Merger Fund		130,991 shares					1,967,482
		Morgan Stanley Institutional Fund International Small Cap		1,219,177 shares					20,823,550
		Morgan Stanley Institutional Fund Trust Value Portfolio		219,346 shares					3,522,702
		Pennsylvania Mutual Fund		2,085,822 shares					22,568,598
		PIMCO Emerging Markets Bond Fund		1,379,831 shares					14,736,595
		PIMCO High Yield Fund		750,415 shares					7,158,958
		PIMCO Long-Term U.S. Government Fund		570,452 shares					6,292,091
		PIMCO Total Return Fund		7,265,499 shares					77,668,181
		Reserve Primary Institutional		146,188,993 shares					146,188,993
		T. Rowe Price Growth Stock Fund		452,570 shares					15,233,517
		TCW Galileo Select Equities Fund		81,621 shares					1,603,039
		TCW Galileo Value Opportunities Fund		169,109 shares					3,221,521
		Templeton Growth Fund		685,450 shares					16,512,495
		Vanguard Convertible Securities Fund		466,031 shares					6,389,286
		Vanguard Growth Index Fund		2,796,472 shares					92,926,753
		Vanguard Inflation-Protected Securities Fund		1,167,514 shares					11,628,443
		Vanguard Institutional Index Fund		2,014,392 shares					270,210,560
		Vanguard International Value Fund		2,405,506 shares					100,983,126
		Vanguard Long-Term Bond Index Fund		787,024 shares					9,168,830
		Vanguard Mid-Cap Index Fund		2,416,098 shares					50,158,189
		Vanguard Small-Cap Growth Index Fund		1,112,428 shares					22,293,057
		Vanguard Small-Cap Value Index Fund		745,601 shares					11,579,178
		Vanguard Strategic Equity Fund		770,023 shares					15,762,362

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year) (continued)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Mutual funds (continued):
		Vanguard Windsor Fund		119,932 shares				$	6,358,784
		Vanguard Intermediate-Term Treasury Fund		869,709 shares					9,836,408
		Total mutual funds						$	2,945,854,980
		Common collective trust funds:
		Barclays Global Investors NASDAQ-100 Index Fund		3,464,830 units				$	28,931,332
		Barclays Global Investors Russell 1000 Value Fund		3,155,925 units					54,913,102
*		EB Daily Liquidity Aggregate Bond Index Fund		378,269 units					61,251,544
*		EB Daily Liquidity International Stock Index Fund		553,293 units					101,783,793
*		EB Daily Liquidity Small Cap Stock Index Fund		222,691 units					30,302,942
*		EB Daily Liquidity Stock Index Fund		998,507 units					332,683,531
		Lazard Emerging Markets Instl Fund		2,788,614 units					44,478,387
*		Pooled Employee Funds Daily Liquidity Fund		246,156 units					246,156
		SSGA Active Emerging Markets Strategy Fund		2,780,100 units					47,485,316
		Total common collective trust funds						$	702,076,103
		Common stock:
*		Intel Corporation		18,287,019 shares				$	487,531,923
		Aaron Rents Inc		3,000 shares					57,720
		Acuity Brands Inc		800 shares					36,000
		Advance American Cash Advance Centers		2,800 shares					28,448
		AFC Enterprises Inc		1,200 shares					13,584
		Air Methods Corp		600 shares					29,802
		Alexandria Real Estate		686 shares					69,746
		Alliance Imaging Inc		4,593 shares					44,185

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year) (continued)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Common stock (continued):
		Ameristar Casinos Inc		1,100 shares				$	30,294
		Ann Taylor Stores Corp		1,600 shares					40,896
		Apogee Enterprises Inc		1,399 shares					23,937
		Aptar Group Inc		5,200 shares					212,732
		Argo Group International		1,931 shares					81,353
		Asbury Automotive Group Inc		1,800 shares					27,090
		Aspen Insurance Holdings		2,000 shares					57,680
		Atmi Inc		1,400 shares					45,150
		Bank Of Hawaii Corp		1,000 shares					51,140
		Banner Corp		1,000 shares					28,730
		Bel Fuse Inc		1,475 shares					43,173
		Belden Inc		1,950 shares					86,775
		Big 5 Sporting Goods Corp		1,200 shares					17,304
		Bio Radiology Labs Inc		400 shares					41,448
		Black Box Corp		1,700 shares					61,489
		Bok Financial Corp		845 shares					43,687
		Cabot Corp		800 shares					26,672
		Cabot Oil & Gas Corp		1,500 shares					60,555
		Caci International Inc		1,700 shares					76,109
		Cambrex Corp		2,400 shares					20,112
		CEC Entertainment Inc		1,700 shares					44,132
		Central Pacific Financial Corp		2,033 shares					37,529
		Charming Shoppes Inc		11,150 shares					60,322
		Checkpoint Systems Inc		1,900 shares					49,362
		Chicago Bridge & Iron		500 shares					30,220
		Ciber Inc		6,900 shares					42,159
		Cimarex Energy Co		1,007 shares					42,828
		Citizens Republic Bancorp Inc		6,200 shares					89,962
		Clarcor Inc		3,250 shares					123,403

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year) (continued)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Common stock (continued):
		Columbia Banking Systems Inc		700 shares				$	20,811
		Comstock Resources Inc		600 shares					20,400
		Comtech Telecommunications		1,700 shares					91,817
		Core Laboratories		277 shares					34,547
		Corn Products International Inc		1,145 shares					42,079
		CSG Systems International Inc		1,600 shares					23,552
		Delphi Financial Group Inc		2,200 shares					77,616
		East West Bancorp Inc		1,200 shares					29,076
		ECI Telecom Ltd		3,799 shares					37,990
		Education Reality Trust Inc		3,300 shares					37,092
		El Paso Electric Co		4,347 shares					111,153
		Endurance Specialty Holdings Ltd		1,600 shares					66,768
		Energen Corp		2,352 shares					151,069
		Energy East Corp		1,925 shares					52,379
		Entercom Communications Corp		5,575 shares					76,322
		Fairchild Semiconductor International		7,125 shares					102,814
		Fei Company		900 shares					22,347
		Ferro Corp		3,400 shares					70,482
		First Financial Bankshares Inc		600 shares					22,590
		First Midwest Bancorp Inc		1,283 shares					39,260
		First Place Financial Corp		2,000 shares					27,980
		Foot Locker Inc		3,600 shares					49,176
		Forest Oil Corp		335 shares					17,031
		Forrester Resh Inc		1,600 shares					44,832
		Fuller H B Co		4,450 shares					99,903
		G & K Services Inc		750 shares					28,140
		General Cable Corp		5,786 shares					423,998
		General Communication Inc		8,025 shares					70,219
		Global Payments Inc		2,197 shares					102,204

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year) (continued)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Common stock (continued):
		Graco Inc		2,150 shares				$	80,109
		Greatbatch Inc		711 shares					14,213
		Greif Inc		500 shares					32,685
		Hanmi Financial Corp		100 shares					862
		Harleysville Group Inc		900 shares					31,842
		Harris Stratex Networks Inc		3,500 shares					58,450
		Harsco Corp		4,450 shares					285,112
		Harte-Hanks Inc		6,375 shares					110,288
		Health Care Reit Inc		1,811 shares					80,934
		Home Properities Inc		3,107 shares					139,349
		Hornbeck Offshore Services Inc		936 shares					42,073
		Iberia Bank Corp		1,250 shares					58,438
		ICT Group Inc		4,000 shares					47,800
		Insight Enterprises Inc		1,625 shares					29,640
		Integrated Device Tech Inc		13,300 shares					150,423
		Interactive Data Corp		3,600 shares					118,836
		Inventiv Health Inc		1,600 shares					49,536
		IPC Holdings Ltd		1,466 shares					42,323
		Jack In The Box Inc		2,100 shares					54,117
		Journal Communications Inc		3,700 shares					33,078
		Kadant Inc		1,600 shares					47,472
		Kennametal Inc		3,500 shares					132,510
		Kforce Inc		2,213 shares					21,577
		Knoll Inc		1,700 shares					27,931
		Lakeland Financial Corp		1,600 shares					33,440
		Lance Inc		3,100 shares					63,302
		Landstar Systems Inc		870 shares					36,671
		Max Capital Group Ltd		2,500 shares					69,975
		Maximus Inc		975 shares					37,645

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year) (continued)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Common stock (continued):
		MB Financial Inc		2,000 shares				$	61,660
		Mettler-Toledo International Inc		2,925 shares					332,865
		Microstrategy Inc		500 shares					47,550
		Minerals Technologies Inc		600 shares					40,170
		Molina Healthcare Inc		1,400 shares					54,180
		Moneygram International Inc		3,500 shares					53,795
		Monro Muffler Brake Inc		900 shares					17,541
		Moog Inc		1,788 shares					81,908
		Navigant Consulting Inc		2,400 shares					32,808
		Navigators Group Inc		700 shares					45,500
		Noble International Ltd		1,000 shares					16,310
		Northwest Natural Gas Co		2,000 shares					97,320
		Oceaneering International Inc		1,600 shares					107,760
		Old Dominion Freight Lines Inc		2,400 shares					55,464
		Oxford Industries Inc		3,400 shares					87,618
		Pacer International Inc Tennessee		2,195 shares					32,047
		Pacific Continental Corp		990 shares					12,335
		Pantry Inc		1,500 shares					39,195
		Parametric Technology Corp		4,400 shares					78,540
		Parkway Properties Inc		1,000 shares					36,980
		Perot Systems Corp		12,900 shares					174,150
		Philadelphia Consolidated Holding Corp		2,075 shares					81,651
		Platinum Underwriters Holdings		1,648 shares					58,603
		Preferred Bank Los Angeles California		550 shares					14,311
		Progress Software Corp		1,800 shares					60,624
		Prosperity Bancshares Inc		2,665 shares					78,324
		Ramco-Gershenson Properties Trust		3,100 shares					66,247
		Rayonier Inc		2,462 shares					116,305
		RC2 Corp		2,700 shares					75,789

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year) (continued)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Common stock (continued):
		Ryder Systems Inc		350 shares				$	16,454
		S Y Bancorp Inc		1,091 shares					26,119
		Scholastic Corp		450 shares					15,701
		Scotts Miracle-Gro Company		4,120 shares					154,170
		Skywest Inc		1,200 shares					32,220
		Southwest Bancorp Inc Oklahoma		1,131 shares					20,731
		Spartan Stores Inc		2,600 shares					59,410
		St Mary Land & Exploration		1,500 shares					57,915
		Stancorp Financial Group Inc		1,250 shares					62,975
		Standex International Corp		3,352 shares					58,492
		Stifel Finl Corp		1,000 shares					52,570
		Sun Cmntys Inc		1,800 shares					37,926
		Swift Energy Co		1,200 shares					52,932
		Sybase Inc		3,000 shares					78,270
		Sykes Enterprises Inc		3,075 shares					55,350
		Tanger Factory Outlet Center Inc		1,250 shares					47,138
		Taubman Centers Inc		1,100 shares					54,109
		Technitrol Inc		3,725 shares					106,461
		Tenneco Inc		1,011 shares					26,357
		Tower Group Inc		1,100 shares					36,740
		Trueblue Inc		1,541 shares					22,314
		Trustmark Corp		1,900 shares					48,184
		UCBH Holdings Inc		1,300 shares					18,408
		United Bankshares Inc West Virginia		3,100 shares					86,862
		United Stationers Inc		3,125 shares					144,405
		URS Corp		5,194 shares					282,189
		Vectren Corp		5,125 shares					148,675
		Viad Corp		3,150 shares					99,476
		Wausu Paper Corp		3,800 shares					34,162

Intel Corporation 401(k) Savings Plan

EIN: 94-1672743, Plan Number: 003

Schedule H, Line 4i — Schedule of Assets (Held At End of Year) (continued)

December 31, 2007

				(c)
				Description of investment
		(b)		including maturity date,				(e)
		Identity of issue, borrower,		rate of interest, collateral,				Current
(a)		lessor, or similar party		par, or maturity value				Value
		Common stock (continued):
		Werner Enterprises Inc		4,333 shares				$	73,791
		West Coast Bancorp Oregon		1,400 shares					25,900
		Westamerica Bancorporation		1,600 shares					71,279
		WSFS Financial Corp		800 shares					40,160
		Zep Inc		200 shares					2,774
		Total common stock						$	497,540,098
				Interest at 5.00% – 11.50%,
*		Participant Loans		maturing through 2029				$	50,749,133
		Total investments						$	4,196,220,314

SIGNATURES

The Plan. Pursuant to the requirements of the Securities and Exchange Act of 1934, the Plan Administrator has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.