We are subject to numerous risks associated with the evolving market for products with Al capabilities. The markets and use cases for products with Al capabilities have been rapidly evolving, are difficult to predict and may impact demand for our products. For example, in the last few years the demand for high-end GPUs for model training increased dramatically and has resulted and may continue to result in a significant shift in DCAI customer spend. The significant investments we have made to develop products and software to address what we believe will be increasing demand for Al capabilities may be insufficient, and we face significant hurdles, including whether demand will materialize, whether third-party developers will develop the software to utilize the Al capabilities of our products, and whether we will be successful in developing products that can compete with offerings by established competitors. Our use of Al technology may subject us to reputational, financial, legal, or regulatory risks. As we incorporate Al technology into our products and services, any failure to address concerns relating to the responsible use of the evolving Al technology in our products and services may cause harm to our reputation or financial liability and, as such, may increase our costs to address or mitigate such risks and issues. Al technology may create ethical issues, generate defective algorithms, and present other risks that create challenges with respect to its adoption. In addition, evolving rules, regulations, and industry standards governing Al may require us to expend significant resources to modify, maintain, or align our business practices or products to comply with US and non-US rules and regulations, the nature of which cannot be determined at this time. Several jurisdictions around the globe, including the EU and certain US states, have already proposed or enacted laws governing Al. US federal agencies are likely to release Al regulations in the near future in light of the Biden administration's October 30, 2023 Executive Order on Al. The regulatory environment surrounding the impact of the implementation of Al on our products and services may adversely affect our ability to produce and export products and as a result may cause harm to our reputation and financial liability. We rely upon a complex global supply chain. We have a highly complex global supply chain composed of thousands of suppliers. These suppliers provide direct materials for our production processes; supply tools, equipment, and IP (via licenses) for our factories; deliver logistics and packaging services; and supply software, lab and office equipment, and other goods and services used in our business. We also rely on suppliers to provide certain components for our products and to manufacture and assemble and test some of our components and products. From time to time, we are negatively impacted by supply chain issues, including: • suppliers extending lead times, experiencing capacity constraints, limiting or canceling supply, allocating supply to other customers including competitors, delaying or canceling deliveries, or increasing prices; • supplier quality issues; • cybersecurity events, IP or other litigation, man-made or natural disasters, public health issues (including pandemics), operational failures, or other events that disrupt suppliers; • long lead times to qualify alternate or additional suppliers, or the unavailability of qualified alternate suppliers; and • increased legislation, regulation, or stakeholder expectations regarding responsible sourcing practices, such as heightened reporting and other obligations with regard to environmental impacts, the risk of forced labor, or supplier conduct that does not meet such standards, which can result in supply chain disruptions, the loss of a supplier, and the government seizure of goods. These and other supply chain issues can increase our costs, disrupt or reduce our production, delay our product shipments, prevent us from meeting customer demand, damage our customer relationships, or negatively affect our reputation. They may keep us from successfully implementing our business strategy and can materially harm our business, competitive position, results of operation, and financial condition. From time to time, our customers experience disruptions or shortages in their own supply chains that constrain their demand for our products. During the past several years, macroeconomic and geopolitical conditions, as well as outbreaks of COVID-19, caused supply chain disruptions and delays in obtaining tools and other components, and the semiconductor industry experienced widespread shortages of substrates and other components and available foundry manufacturing capacity. These shortages have previously limited our ability to supply customer demand in certain of our businesses, and have adversely affected customer demand for our products, as some customers have been unable to procure sufficient quantities of third-party components used together with our products to produce finished systems. It is difficult to predict the future impact of these shortages when they occur. To obtain future supply of certain materials and components, particularly substrates, and third-party foundry manufacturing capacity, we have entered into arrangements with some of our suppliers that involve long-term purchase commitments and/or large prepayments. These arrangements may not be adequate to meet our requirements, or our suppliers may fail to deliver committed volumes on time or at all, or their financial condition may deteriorate. If future customer demand over the horizon of such arrangements falls below our expectations, we could have excess or obsolete inventory, unneeded capacity, and increased costs, and our prepayments may not be fully utilized, and in some cases may not be fully recoverable. We utilize third-party foundries and component suppliers to manufacture or supply certain components and products for areas such as networking, communications, graphics, programmable semiconductor solutions, and memory. As part of our IDM 2.0 strategy, we expect to increase our use of third-party foundries. Delays in the development of foundries' future manufacturing processes could delay the introduction of products or components we design for such processes, and insufficient foundry capacity could prevent us from meeting customer demand. We typically have less control over delivery schedules, design and manufacturing co-optimization, yields, quality, product quantities, and costs for components and products that are manufactured by third parties. intel. Risk Factors and Other Key Information 54 !IKN 8JJ NI NKIKKKK JRJJP P IJ II NJKRJ# JK IJK NKKK II NJKRJ# JKP ILP P %INJJ IJ LJ I NII NJK IM% JKJRLIKJ I "$1K I JI IKIJL K IKNJ L J NJ IKNJ K JKJ #NKJ IK K J PKJ JKRPJ P I NJK K JRIJ IKKRJR PR IK I# JKL KN J% RK J NIK% N RJI RJIO%RJIJIIJLP IKRP JK JRIJ NJOJ# JK NII NJK% RJIRR KNKKN P I NJKJJ JRJ I K LKJ K JJ IK NINK #J LLKN 8JNKJ INJJ % %% IINJ ILIKK#KR I IJ#J L J NI I NJK KIPK% LNIJ IKK I KIJ J JIK K NK JP P #J L NII NJK KIPKLNKIJ NIINJJ I JL %KKN%L IK NI KJKJ IKK IJJKNIKK KKNK#J LLIJJKKNK% IJJP IJK% IK J JIIKKJJIJ KRJIKJ J JK J J %P P INK%INJ K% NKJILKJ IK PI #LIQNINKJ M K JIK NIK J L% J % I NI NK KKIJK II NJKJ LRJ1 1INK INJ K%J JNI R J JI JJKJPI8NIKJ KI N J % N J1 IJ 1KJJK%PILI K I JRK PI #1I KILJ IK#INJ K J INJNI J J) KJIJ TKJ I+%**+MNJPII #INJ IL PI JKNII N JJ J JJ # NII NJK KIPKLPIKLJ NI JLJ I N M IJI NJK KIKNJLNKIJ NI INJJ JL !ILN M KNL !PL M KNL K J NK K KNIKKKNIKI PIJJIK I NI I NJ I KKK:KNLJ K%QN J% $5P KK6 I NIJ IK:PI KJK KIPK: KNL K JRI% QN J% JI K KIPKNK NI NK KK!K IL KNIKJ I PIJ JK I NII NJK J NJNI KK JKJK NI JK I NJKI JJ J%R I JPLJ LKNL KKNK% N 9 W KNIKMJ JK%MI JL KJI JK%J I KNL% J KNLJ JI NKJ IK N JJ IK%L I PIK% I IK IK: W KNIQNJLKKNK: W L IKNIJLP JK%$ I JIJJ % I JNIKKJIK%N JKKNK5 N K6% IJ NIK% I JIP JKJJKINJKNIK: W JKJ QNLJI J IJ KNIK% IJN P JL QNJI JKNIK: W IKKJ %INJ % IKJ IMJJ KII IK K K NI IJK%KNKJ I IJ JI J KRJIIJ PI JJK%JIK I I% IKNI NJJJ K J JKNKJ IK%R IKNJ KNL KINJ K%J KK KNI% J PI JKONI K K JIKNL KKNK IK NI KJK%KINJ IIN NII NJ %L NII NJK JK%IP JNK I J NKJ I % NINKJ IIJ KK% I JPLJ NIINJJ LLNKI KNKKNL J NI NK KKKJIJL JILI NI NK KK% JJP KJ %IKNJK IJ % J I JJ J% NINKJ IKMI KINJ K IK IJK JI R KNL KJJ KJI JI I NII NJK NI JKJKPILIK%I J J K%KRK NJ IK ? 7% NKKNL KINJ K LK J J K JI JK% JK NJ I NKJILMI RKIK IJK KN KJIJK JI JK P N IL NJNI JLKK IJKP IP NKLJ NI JLJ KNLNKJ I IJ NI NK KKK% PPIKLJNKJ I I NII NJK%KK NKJ IKP N J I NIKN JQN JJK JIIJL JKNKJ JIRJ NI I NJKJ I N KKLKJKJKNJJ IJJNJNIJ JKK IJKR JL NI J NJNIKNL IJ JIK JK%IJNILKN KJIJK% JIIJL N IL NJNI JL%R P JI J II JKRJK NIKNIKJJ P P JINIK J JK 8 IIIL JK KII JKL J QNJJ J NIIQNI JK% I NIKNIKLJ PI JJP NK J IJ % IJI J LJI IJNJNINKJ I PIJ IO KNII JKK R NI MJJ K%R NPMKK I K J P J IL%N JL% IK KJK% NIIL JKL J NLNJO% K KKL J NLI PI !NJOJIIJL N IK JKNIKJ NJNI IKNLIJ JK I NJK IIKKNK JR I % N J K%IK%I I K NJ IK NJ K% IL#KIJ NI '*KJIJL%RMJ J IK NINK JIIJL N IK LK JP J N IKTNJNI NJNI I KKK NLJ JI NJ I NJK I JKRK IKNI KKK% KN J N ILJL NIP JNKI J NKJ I !JLLPKK JI PIPILKNK%K NJNI JOJ %LK%QNJL% I NJQN JJK% KJK I JK I NJKJJI NJNI LJIIJK KJ IK JIL IJ -1

Where possible, we seek to have several sources of supply. However, for certain components, services, materials, and equipment, we rely on a single or a limited number of suppliers, or upon suppliers in a single location, which can impact the nature, quality, availability, and pricing of the products and services available to us. For example, ASML Holding N.V. (ASML) is currently the sole supplier of EUV photolithography tools that we are deploying in our Intel 4 and subsequent manufacturing process nodes. These tools are highly complex to develop and produce, and increasingly costly, and from time to time there are increases in lead times or delays in their development and availability, which could delay the development or ramp of our future process nodes. As a further example, a limited number of third- party foundries offer leading-edge manufacturing processes, and these providers are geographically concentrated in Asia. Supplier consolidation or business failures can also reduce the pool of qualified suppliers. We are subject to the risks of product defects, errata, or other product issues. From time to time, we identify product defects, errata, and other product issues, which can result from problems in our product design or our manufacturing and assembly and test processes. Components and products we purchase or license from third-party suppliers, or gain through acquisitions, can also contain defects. Product issues also sometimes result from the interaction between our products and third- party products and software. We face risks if products that we design, manufacture, or sell, or that include our technology, cause personal injury or property damage, even where the cause is unrelated to product defects or errata. These risks may increase as our products are introduced into new devices, market segments, technologies, or applications, including transportation, autonomous driving, healthcare, communications, financial services, and other industrial, critical infrastructure, and consumer uses. Costs from defects, errata, or other product issues could include: • writing off some or all of the value of inventory; • recalling products that have been shipped; • providing product replacements or modifications; • providing consideration to customers, including reimbursement for certain costs they incur; • defending against litigation and/or paying resulting damages; • paying fines imposed by regulatory agencies; and • reputational harm. These costs could be large and may increase expenses and lower gross margin, and/or result in delay or loss of revenue. Mitigation techniques designed to address product issues, including software and firmware updates, are not always available on a timely basis—or at all—and do not always operate as intended or effectively resolve such issues for all applications. We and third parties, such as hardware and software vendors, make prioritization decisions about which product issues to address, which can delay, limit, or prevent development or deployment of a mitigation and harm our reputation and result in costs. Product defects, errata, or other product issues and/or mitigation techniques can result in product failures, adverse performance and power effects, reboots, system instability or unavailability, loss of functionality, data loss or corruption, unpredictable system behavior, decisions by customers and end users to limit or change the applications in which they use our products or product features, and other issues. Product issues can damage our reputation, negatively affect product demand, delay product releases or deployment, result in legal liability, or make our products less competitive, which could harm our business and financial results. Subsequent events or new information can develop that change our assessment of the impact of a product issue. In addition, our liability insurance coverage has certain exclusions or may not adequately cover liabilities incurred. Our insurance providers may be unable or unwilling to pay a claim, and losses not covered by insurance could be large, which could harm our financial condition. We face risks related to security vulnerabilities in our products. We or third parties regularly identify security vulnerabilities with respect to our processors and other products, as well as the operating systems and workloads that run on them and the components that interact with them. Components and IP we purchase or license from third parties for use in our products, as well as industry-standard specifications we implement in our products, are also regularly subject to security vulnerabilities. Our processors and other products are being used in application areas that create new or increased cybersecurity and privacy risks, including applications that gather and process large amounts of data, such as the cloud or Internet of Things, and critical infrastructure and automotive applications. The security vulnerabilities identified in our processors include a category known as side-channel vulnerabilities, such as the variants referred to as "Spectre" and "Meltdown." Additional categories and variants have been identified and are expected to continue to be identified. Publicity about these and other security vulnerabilities has resulted in, and is expected to continue to result in, increased attempts by third parties to identify additional vulnerabilities. Security and manageability features in our products cannot make our products absolutely secure, and these features themselves are subject to vulnerabilities and attempts by third parties to identify additional vulnerabilities. Vulnerabilities are not always mitigated before they become known. We, our customers, and the users of our products do not always promptly learn of or have the ability to fully assess the magnitude or effects of a vulnerability, including the extent, if any, to which a vulnerability has been exploited. Subsequent events or new information can develop that changes our assessment of the impact of a security vulnerability, including additional information learned as we develop and deploy mitigations or updates, become aware of additional variants, evaluate the competitiveness of existing and new products, and address future warranty or other claims or customer satisfaction considerations, as well as developments in the course of any litigation or regulatory inquiries or actions over these matters. intel. Risk Factors and Other Key Information 55 !I KK %RKJ PKPIK NIK KNL> RPI% IIJ JK%KIPK%JIK% QN J%R IL K IJ N I KNIK% IN KNIK K J %R JJ JNI%QNJL%P JL% I JI NJK KIPKP J NK IM%#'0> &?5#'06KNII JLJK KNI 1? J J ILJ KJJRI L NI J1 KN KQN J NJNI I KK KKJ KIL M J P I N% IK L KJL% I JJ JJII IKK JK ILK JIP J P JL%R NLJP J II NINJNII KK K#KNIJIM%J N I JI IJL N IK I NJNI I KKK% JKI PIKI IL JIJ #KNI K J I NK KKNIK K INJ QNKNIK !IKN 8JJ JIKK I NJJK%IIJ% I JII NJKKNK I JJ J%R JLI NJJK%IIJ% JII NJKKNK%R IKNJI I K NII NJK I NI NJNI KK L JKJI KKK JK I NJKRNIK I KI JIIJLKNIK% I JI NQNKJ K% K J JK$I NJKKNKK K JKIKNJI J JIJ JR NII NJK JI IJLI NJK K JRI!IKKI NJKJJRK % NJNI% IK% IJJ N NIJ L%NKIK 8NIL II IJL%P RIJNKKN IJJ I NJJK IIIJKIKKL IKK NII NJKI JI N J RPK%IJK JK%J K% IJ K% N JI K IJJ %NJ NKIP %JI% N J K% KIPK% JI NKJI%IJ IKJINJNI% KNINKK KJKI JK%IIJ% I JII NJKKNK N N9 W RIJ K I JPN P J IL: W I I NJKJJP K: W I P I NJI JK I J K: W I P KIJ J NKJ IK% N I NIK J IIJ KJKJL NI: W KJJJ 8 IL IKNJ K: W L K K LINJ IL K: W INJJ I K KJK N I L IKM KK RII KKI % 8 IIKNJ L I KK IP N'JJ J QNKK J IKKI NJKKNK% N K JRI IRINJK%I JRLKP JL KKZ I JZ JRLK IJK J IJPLIK PKNKKNK IJ K! JIIJK%KNK IRI K JRIP IK%I IJOJ K K NJRI NJKKNKJ IKK%R L%J% IIP J P J I L J JJ I NIINJJ IKNJ KJK$I NJJK%IIJ% I JII NJKKNK 8 IJJ J QNK IKNJ I NJNIK%PIKI I RIJK%I JK%KLKJ KJ JL I N P JL% KK N J JL%J KK I IINJ %N IJ KLKJ P I%K K LNKJ IK NKIKJ J I JJ K RJLNK NII NJK II NJJNIK% JIKKNK$I NJKKNK NIINJJ % JPLJI NJ %LI NJIKK I L J%IKNJ JL% I NII NJKKK JJP% R NI NI NK KK IKNJKN KQN JP JK I R IJ P JJ NIKKKK J JJ I NJKKN J % NI JL KNI PIKIJ MNK K IL JQNJL PI JK NIINI KNI I PIKL N IN R J L% KKK J PI L KNI N I%R NI NI J !IKKIJJ KNIJLPN I JK NII NJK ! IJIIJKINIL JLKNIJLPN I JKRJIKJJ NII KK IK JII NJK%KRKJ IJ KLKJK R I KJJIN J J JKJJ JIJRJJ JK $RNIK I KI JIIJK INK NII NJK%KRK NKJILKJ IKJ KR J NII NJK%IK INILKN 8JJ KNIJLPN I JKNII KK IK JII NJKI NK J IKJJIJ R I IKL IKNIJL IPLIKK% N J KJJJI I KKI N JK J%KNKJ N I JI J K% IJ IKJINJNI NJ JPJ KKNIJLPN I JK J NII KK IK NJ IL R K K PN I JK%KNKJPI JKIIIJ KEJIE E'J R E#J J IK PI JKP J IMJJ J NJ J$N JL NJJK JIKNIJLPN I JKKIKNJ % K MJJ J NJ IKNJ % IKJJJK LJIIJKJ JLJ PN I JKNIJL JL JNIK NII NJK J NII NJK K NJLKNI% JKJNIKJKPKIKN 8JJ PN I JK JJJK LJIIJKJ JLJ PN I JK?N I JKI JRLKJJ IJL R !% NI NKJ IK% JNKIK NII NJK JRLKI JLI IPJ JLJ NLKKKKJ JN IJK PN I JL% N JMJ J% L%J RPN I JLK M JN KQN JP JK I R IJ P JJ K NIKKKK J JJ KNIJLPN I JL% N J IJ I KRP L JJ K INJK% RI J PI JK%PNJJ JJP KK MKJ RI NJK% IKK NJNIRII JL I JIK INKJ IKJKJ KIJ K%KRKP JK J NIK LJJ I INJ IL QNIK IJ K PIJKJJIK KJ IK JIL IJ --

Mitigation techniques designed to address security vulnerabilities in our products, including software and firmware updates or other preventative measures, are not always available on a timely basis—or at all—and at times do not operate as intended or effectively resolve vulnerabilities for all applications. In addition, we are often required to rely on third parties, including hardware, software, and services vendors, as well as our customers and end users, to develop and/or deploy mitigation techniques, and the availability, effectiveness, and performance impact of mitigation techniques can depend solely or in part on the actions of these third parties in determining whether, when, and how to develop and deploy mitigations. Export restrictions may impede our ability to provide updates or patches to customers in certain geographies or that appear on sanctions lists, potentially leaving systems unpatched and open to exploitation. Further, sanctions lists may include third parties with whom we need to interact for coordinated vulnerability disclosure, which may impair our ability to receive information about vulnerabilities and to deliver mitigations for them. We and such third parties make prioritization decisions about which vulnerabilities to address, which can delay, limit, or prevent development or deployment of a mitigation and harm our reputation. Security vulnerabilities and/or mitigation techniques can result in adverse performance or power effects, reboots, system instability or unavailability, loss of functionality, data loss or corruption, unpredictable system behavior, decisions by customers and end users to limit or change the applications in which they use our products or product features, and/or the misappropriation of data by third parties. Security vulnerabilities and any limitations or adverse effects of mitigation techniques can adversely affect our results of operations, financial condition, customer relationships, prospects, and reputation in a number of ways, any of which may be material. For example, whether or not vulnerabilities involve attempted or successful exploits, they may result in our incurring significant costs related to developing and deploying updates and mitigations, writing down inventory value, defending against product claims and litigation, responding to regulatory inquiries or actions, paying damages, addressing customer satisfaction considerations, providing product replacements or modifications, or taking other remedial steps with respect to third parties. Adverse publicity about security vulnerabilities or mitigations could damage our reputation with customers or users and reduce demand for our products and services. These effects may be greater to the extent that competing products are not susceptible to the same vulnerabilities or if vulnerabilities can be more effectively mitigated in competing products. Moreover, third parties can release information regarding potential vulnerabilities of our products before mitigations are available, which, in turn, could lead to attempted or successful exploits, adversely affect our ability to introduce mitigations, or otherwise harm our business and reputation. We are subject to increasing and evolving cybersecurity threats and privacy risks. We face significant and persistent cybersecurity risks due to: the breadth of geographies, networks, and systems we must defend against cybersecurity attacks; the complexity, technical sophistication, value, and widespread use of our systems, products and processes; the attractiveness of our systems, products and processes to threat actors (including state-sponsored organizations) seeking to inflict harm on us or our customers; the substantial level of harm that could occur to us and our customers were we to suffer impacts of a material cybersecurity incident; and our use of third-party products, services and components. Such an incident, whether or not successful, could result in our incurring significant costs related to, for example, rebuilding our internal systems, writing down inventory value, implementing additional threat protection measures, providing modifications to our products and services, defending against litigation or enforcement proceedings, paying damages, providing customers with incentives to maintain a business relationship with us, or taking other remedial steps with respect to third parties, as well as incurring significant reputational harm. We regularly face attempts by malicious attackers who attempt to gain access to our network or data centers or those of our suppliers, customers, partners, end users, or other third parties; steal proprietary, personal, or confidential information related to our business, products, employees, suppliers, or customers; introduce malicious software to our systems or those of our suppliers, customers, partners, end users, or other third parties; interrupt our systems and services or those of our suppliers, customers, or others; or demand ransom to return control of such systems and services. As we grow certain emerging business lines, such as our foundry business and our cloud computing and software-as-a-service offerings, we expect to collect or host significant amounts of highly sensitive customer data, which may increasingly make us a target of attempts to steal or corrupt that data. Individuals and organizations, including malicious hackers, state-sponsored organizations, insider threats including employees and third-party service providers, and intruders into our physical facilities, at times attempt to gain unauthorized access to and/or corrupt the processes used to design and manufacture our hardware products and our associated software and services. We are also a frequent target of attackers that intend to sabotage, compromise, take control of, or otherwise corrupt our manufacturing or other processes, products, and services. In some instances, we, our suppliers, our customers, and the users of our products and services may be unaware of a threat or incident or its magnitude and effects, or we may be unable to timely mitigate the impacts of an incident. Cyber attack attempts are increasing in number, magnitude, and technical sophistication, and if successful may expose us and the affected parties to loss or misuse of proprietary or confidential information or disruptions to our business operations, including our manufacturing operations, and could impact our financial results. We expect emerging technologies to contribute to the increasing sophistication of attacks and to lead to new threats. For example, threat actors may leverage emerging Al technologies to develop new hacking tools and attack vectors, exploit vulnerabilities, obscure their activities, and increase the difficulty of threat attribution. As a developer of leading-node processes and widely utilized products, we have been, and expect to continue to be, the subject of intense efforts by sophisticated cyber adversaries, including state-sponsored organizations, who seek to compromise our systems, disrupt our operations or those of users of our products, or steal trade secrets. As geopolitical or armed global conflicts escalate, attacks against us, our customers, or our strategic allies may similarly intensify. For example, from 2019 to 2021, we, along with other companies with meaningful operations in Israel, were targets of concerted cyberattacks. In the fourth quarter of 2020, our Habana Labs subsidiary's network was breached in connection with a suspected unsuccessful ransomware attack, resulting in unauthorized third-party access of certain confidential information. intel. Risk Factors and Other Key Information 56 'JJ J QNKK J IKKKNIJLPN I JK NII NJK% N K JRI IRINJK I JI IP JJPKNIK%I JRLKP JL KKZ IJZ JJK J IJK J IJPL IK PPN I JK IJ K J %RI J IQNIJ IL JIIJK% N IRI%K JRI% KIPKP IK%KRK NINKJ IK NKIK%J P 8 I LJJ J QNK% JP JL% JP KK% I I J JJ J QNK K L I IJ JJ K JKJIIJK JI RJI%R % RJ P LJJ KM IJIKJIJ KL NI JLJ I PNJK I JKJ NKJ IK IJ IK IJJI K J KKJK% J JLP KLKJKN J J M JJ NIJI%K J KKJKL NJIIJKRJR R J JIJ I I JPN I JLK KNI%R LI NI JLJ IP IJ NJPN I JK J PIJJ K IJ! KNJIIJK I IJOJ K K NJRPN I JKJ IKK%R L%J% IIP JP J I L J JJ I NIINJJ NIJLPN I JK 8 IJJ J QNK IKNJ PIKI I I RIJK%I JK% KLKJ KJ JL IN P JL% KK N J JL%J KK I IINJ %N IJ KLKJ P I%K K LNKJ IK NKIKJ J I JJ K RJLNK NII NJK II NJJNIK% 8 IJKI IJ J L JIIJK NIJLPN I JK LJJ K IPIKJK JJ J QNK PIKLJ NIIKNJK IJ K% J %NKJ IIJ KK%I KJK% INJJ N I RLK% L RL JI IM% RJI I JPN I JK P PJJJ IKNKKNM JK%JLLIKNJ NI NII K J KJKIJJ P L NJK JJ K%RIJ R P J ILPN% KJI NJK JJ % IK J INJ IL QNIK IJ K%L K%IKK NKJ IKJKJ KIJ K%I P I NJ I JK I J K% IJ JIIKJKRJIKJJ JIIJK#PIKN JL NJKNIJLPN I JK IJJ K N NIINJJ RJNKJ IK INKIK IN I NII NJK KIPKKJKL IJIJ JMJ JJJ J I NJKI JKNKJ J JKPN I JK IPN I JK IJPL JJ J I NJK' I PI%JIIJK IK IJ II J JPN I JK NII NJK I JJ KIP %R% JNI % NJ JJJ IKNKKNM JK%PIKLJ NI JLJ JI NJJ K% I JIRKI NI NK KK INJJ !IKN 8JJ IK P P L IKNIJLJIJK IPLIKK !K J IKKJ JL IKNIJLIKKNJ 9J IJ IK% JR IK% KLKJKRNKJ KJ L IKNIJLJJK:J MJL%J K KJJ %PN% RKINK NIKLKJK%I NJK I KKK:J JJIJP KK NIKLKJK%I NJK I KKKJ JIJJ IK5 N KJJK K I I OJ K6K J JI NK I NINKJ IK:JKN KJ JP IJJ N NIJ NK NINKJ IKRIRJ KNIJK JI L IKNIJL J: NINK JIIJLI NJK%KIPK JKN J%RJI I JKNKKN% N IKNJ NI NII K J KJKIJJ % IM%I N NI JI KLKJK%RIJ R P J ILPN% J J JIJI JJ KNIK%I P J KJ NII NJK KIPK% KJJJ I I J I K%L K%I P NKJ IKRJ JPKJ J NK KKIJ KRJNK% IJ JII KJKRJIKJJ JIIJK%KRK NII K JINJJ I!INILJJJK L NKJJIK R JJJJ KKJ NI JR I IJ JIK IJ K NIKNIK%NKJ IK%IJ IK% NKIK% I JIJIIJK: KJI IJIL%IK % I J IJ IJJ NI NK KK%I NJK% LK%KNIK% INKJ IK: JI N NKK JRIJ NIKLKJK IJ K NIKNIK%NKJ IK%IJ IK% NKIK% I JIJIIJK: JIINJ NIKLKJK KIPK IJ K NIKNIK%NKJ IK% I JIK: I I K J IJNI JI KNKLKJK KIPK#KR I RIJ I NK KK K%KNK NI N IL NK KK NI N NJ K JRIKKIP I K%R MJJ J I KJK J N JK LK KJPNKJ IJ%RL IK LNKJIJ JJJKJ KJ I IINJJJJ PNK I OJ K% N NKIK%KJJK K I I OJ K% KIJIJK N LK JIIJLKIPI PIK% JINIK J NILKJK%JJKJJJJ N NJ IO KKJ 8 I IINJJI KKKNKJ K NJNI NIIRII NJK NIKK JK JRI KIPK !IK IQN JJIJ JJIKJJ J J K J% I K%J JI % I JIRK IINJ NI NJNI I JII KKK%I NJK% KIPK K KJ K%R% NIKNIK% NINKJ IK% JNKIK NII NJK KIPK L N RI JIJ I J IJK JN JK% IRL N J JLJJJJK J L IJJJJJKI IK N I% JN% J K KJJ % KNKKNLM KNK J JIJKJ KK IKNK I IJIL I J IJ IKINJ KJ NI NK KK IJ K% N NI NJNI IJ K% NJ NI IKNJK!MJI J KJ JI NJJ J IK K KJJ JJK J J RJIJK IM%JIJJ IKLPII #J KJ P R J K JJPJ IK%M JPN I JK% KNIJIJPJK% IKJNJL JIJJJI NJ #KP I I KKK RLNJOI NJK%RP % MJJ J NJ %JKN 8J J K IJK LK KJJL IPIKIK% N KJJK K I I OJ K%R KJ I K NIKLKJK%KINJ NI IJ K IJ K NKIK NII NJK% IKJJIKIJK#K J II JKKJ%JJK KJ NK% NINKJ IK% I NIKJIJKLKIL J KL IM%I *7J **%R% RJ JI KRJ N IJ K KI%RIJIJK IJL IJJK J NIJQNIJI **% NI> 0 KKN KILTK JR IRK I J RJKNKJN KNKKNI K RIJJ%IKNJ N NJ IOJIIJLKK IJ J IJ KJ IK JIL IJ -3

We are also subject to risks associated with attacks on products, services and components in our supply chain, such as the 2020 compromise of IT infrastructure management software provided by SolarWinds Corporation. These providers can experience breaches of their systems and products, or provide inadequate updates or support, which can impact the security of our systems and our proprietary or confidential information. Since 2021, we have observed an increase in ransomware attacks in our supply chain. In December 2021, a vulnerability named "Log4Shell" was reported for the widely used Java logging library, Apache Log4j* 2, and similar vulnerabilities affecting commonly used programs and tools were reported in 2022 and 2023. We are required to comply with stringent, complex, and evolving laws, rules, regulations, and standards in many jurisdictions, as well as contractual obligations, relating to cybersecurity and data privacy. Our compliance efforts are complicated by the fact that these requirements and obligations may be subject to uncertain or inconsistent interpretations and enforcement, and may conflict among various jurisdictions. Any failure or perceived failure by us to comply with applicable laws, rules, regulations, standards, certifications, or contractual obligations, or any compromise of security that results in unauthorized access to, or unauthorized loss, destruction, use, modification, acquisition, disclosure, release, or transfer of personal information, may result in outcomes such as: requirements to modify or cease certain operations or practices; the expenditure of substantial costs, time, and other resources; proceedings or actions against us; legal liability; governmental investigations; enforcement actions; claims; fines; judgments; awards; penalties; sanctions; and potentially costly litigation (including class actions). The theft, loss, or misuse of personal data collected, used, stored, or transferred by us to run our business, including data stored with vendors or other third parties, could result in significantly increased business and security costs or costs related to defending legal claims. Costs to comply with and implement privacy-related and data-protection measures are significant, and noncompliance could expose us to significant monetary penalties, damage to our reputation, suspension of online services or sites in certain countries, and even criminal sanctions. Even our inadvertent failure to comply with federal, state, or international privacy-related or data-protection laws and regulations could result in audits, regulatory inquiries, or proceedings against us by governmental entities or other third parties. We are subject to IP risks, including related litigation and regulatory proceedings. We cannot always protect our IP or enforce our IP rights. We regard our patents, copyrights, trade secrets, and other IP rights as important to the success of our business. We rely on IP law—as well as confidentiality and licensing agreements with our customers, employees, technology development partners, and others—to protect our IP and IP rights. Our ability to enforce these rights is subject to general litigation risks, as well as uncertainty as to the enforceability of our IP rights in various countries and other geopolitical factors. We are not always able to obtain protection for our IP or enforce or protect our IP rights. When we seek to enforce our rights, we may be subject to claims that our IP rights are invalid, not enforceable, or licensed to an opposing party. Our assertion of IP rights may result in another party seeking to assert claims against us, which could harm our business. From time to time, governments adopt regulations— and governments or courts render decisions—requiring compulsory licensing of IP rights, or governments require products to meet standards that favor local companies. Our inability to enforce our IP rights under any of these circumstances can harm our competitive position and business. In some cases, our IP rights can offer inadequate protection for our innovations. In addition, the theft or unauthorized use or publication of our trade secrets and other confidential business information could harm our competitive position and reduce acceptance of our products; as a result, the value of our investment in R&D, product development, and marketing could be reduced. This risk is heightened as competitors for technical talent increasingly seek to hire our employees. Our licenses with other companies and participation in industry initiatives at times allow competitors to use some of our patent rights. Technology companies often bilaterally license patents between each other to settle disputes or as part of business agreements. Some of our competitors have in the past had, and may in the future have, licenses to some of our patents, and under current case law, some of the licenses can exhaust our patent rights as to licensed product sales under some circumstances. Our participation in industry standards organizations or with other industry initiatives at times requires us to offer to license our patents to companies that adopt industry-standard specifications. Depending on the rules of the organization, government regulations, or court decisions, we sometimes have to grant licenses to some of our patents for little or no cost, and as a result, we may be unable to enforce certain patents against others, and the value of our IP rights may be impaired. Third parties assert claims based on IP rights against us and our products, which could harm our business. We face claims based on IP rights from individuals, companies, investment litigation entities, other non-practicing entities, academic and research institutions, and other parties. We have seen an increase in patent assertions and lawsuits initiated by well-funded non-practicing entities, including entities funded by third-party investment firms. These lawsuits can increase our cost of doing business, impact our reputation or relationship with customers, and could disrupt our operations if they succeed in blocking the trade of our products. The patent litigation environment has also become more challenging due to the emergence of venues adopting procedural and substantive rules that make them more favorable for patent asserters and courts in which injunctions are available for non-competitors. As a result, we believe we are facing a more hostile IP litigation environment than in past years. We are typically engaged in a number of disputes involving IP rights. Claims that our products, technologies, or processes infringe the IP rights of others, regardless of their merits, cause us to incur large costs to respond to, defend, and resolve the claims, and they divert the efforts and attention of our management and technical personnel from our business and operations. In addition, we may face claims based on the alleged theft or unauthorized use or disclosure of third-party trade secrets, confidential information, or end-user data that we obtain in conducting our business. Any such incidents and claims could severely disrupt our business, and we could suffer losses, including the cost of product recalls and returns, and reputational harm. Furthermore, in many instances we agree to indemnify customers for certain IP rights claims against them. IP rights claims against our customers could also limit demand for our products or disrupt our customers' businesses, which could in turn adversely affect our results of operations. Intel. Risk Factors and Other Key Information 57 !IK KN 8JJ IKKKK JRJJJK I NJK%KIPK JK NIKNL %KNKJ** I K IKJINJNI JK JRII P L I! K I IJ KI PIK MI IK JIKLKJK I NJK% II P QNJNJK IKN IJ%R JJKNIJL NIKLKJK NII IJIL I J IJ **%RP KIP IK I K RIJJK NIKNL I**% PN I JL ]0 1^RKI IJ IJRLNK@P IIL%#0 18A*% KIPN I JK J LNKI IK J KRII IJ *** **+ !IIQNIJ LRJKJI J% M% P P RK%INK%INJ K% KJ IK L8NIKJ K%KRK JIJN J K%IJ J L IKNIJL JIPLNI IJKI J LJJJJJK IQNI JK J KL KN 8JJ N IJ I KKJ J JIIJJ K I J% L J PI NK8NIKJ K# LNI IIPNI LNKJ LRJ RK%INK%INJ K%KJ IK%IJJ K% I JIJN J K% I L I K KNIJLJJIKNJK N NJ IOKKJ % IN NJ IO KK%KJINJ %NK% J %QNKJ %K KNI%IK% IJI KI IK IJ %LIKNJ NJ KKNK9IQNI JKJ L IKIJ IJ K IIJK:JM JNI KN KJ J KJK%J% JIIK NIK:I K IJ K KJ NK: JL: PI J PKJJ K: I JJ K:K: K:8N JK:RIK: JK:K J K: J JL KJLJJ 5 N KKJ K6 JJ% KK% IKNK IK J J%NK%KJ I% IJI KII LNKJ IN NI NK KK% N JKJ IRJ P IK I JIJIIJK% NIKNJ K JL IK NK KK KNIJL KJK I KJKIJJ K KJKJ LRJ JIPLIJ JI JJ KNIKIK J% NM KNKJ K J JIL JK%J NIINJJ %KNK K KIPK IKJK IJ N JIK% P I K J KP NI PIJ JNIJ LRJI%KJJ% I JI J IPLIJ IJI JJ RK INJ K NIKNJ NJK%INJ IL QNIK% II K KJNK L PI J JJK I JIJIIJK !IKN 8JJ $IKK% N IJJJ INJ ILI K ! JRLKI JJ NI$ I I NI$IJK!II NIJ JK% LIJK%JIKIJK% JI$IJKK IJ JJ JKNKK NI NK KK!IL $RZKRK JJL K I JKRJ NINKJ IK% LK%J LP JIJ IK% JIKZJ I JJ NI$ $IJKNI JLJ IJKIJKKKN 8JJ IJJ IKK%KRKN IJ JLKJ J I JL NI$IJK PI NK N JIK JI JJ IK! I JRLK J J I JJ I NI$ I I II JJ NI$IJK! RKJ I NIIJK%RL KN 8JJ KJJ NI$IJKI P% J I % I KJ K IJLNIKKIJ $IJKLIKNJ JIIJLK J KKIJK KJNK%R NI NI NK KKI JJ J% PI JK JINJ KZ PI JK I NIJKI IK KZIQNI NK IL K $IJK% I PI JKIQNII NJKJ J KJ IKJJP I KNI JLJ I NI$IJKN I L JKINKJ K I NI JJP KJ NK KK K KK% NI$IJK I QNJI JJ I NI PJ K J %JJJ I N NJ IONK IN J NIJIKIJK JI J NK KK IJ NI NI JJP KJ INJ NII NJK:KIKNJ%JPN NI PKJ J ( %I NJP J% IJ N INKIKKJ K JJ IK IJ J J IK LKJ I NI LK NI KKRJ JI K IJJ NKJIL JJPKJJK R JJ IKJ NKK NIJ JIJK L K J JIL KJ JK JR JIJ KJJKNJK IKIJ NK KKI JK NI JJ IKP JKJ% L JNJNIP% KKJ K NIJ JK% N INII JKR%K J KK MNKJ NIJ JIJKKJ KI NJKKN IK INKJ KNIIJJ NKJILKJ IK I OJ K IRJ JI NKJIL JJPKJJKIQNIKNKJ IJ K NIJ JKJ KJJ J NKJILKJ I KJ K JINK J I OJ % PI JINJ K% I NIJK K%RK JKPJ I J KKJ K NIJ JK IJJ I KJ% KIKNJ%RL N J IIJ J JK KJ JIK% J PN NI$IJKL I IIJKKKIJK K $IJK KJNK NII NJK%R NI NI NK KK!K K $ IJKI PNK% K% PKJ JJJ JJK% JI IJ JJK% IKI KJJNJ K% JIIJK!PK IK J JKKIJ K RKNJK JJ LRN IJ JJK% N JJKN LJIIJL PKJ JIKKRKNJK IK NI KJ NK KK%J NIINJJ I IJ KRJNKJ IK% NKINJ NI IJ KJLKN JJI NII NJKJ JJJ PI JKK I NJ JI P NK J I NI KN KJ JPINKJJ J IP I IJ JKKIJIK NIJK R 8N J KIP I JJ IK#KIKNJ%R PRI I KJ$JJ PI JJ KJLIK !IJLL N I KNJK P P $IJKKJJ NII NJK%J K% II KKK I J$ IJK JIK%IIKK JIIJK%NKNKJ NII KJKJ IK J % % IK PJK% JLPIJJ IJK JJ J NI J J IK I NI NK KK IJ K J %RLK K JJJ IN NJ IONK IK KNI JIIJLJIKIJK% J IJ % I NKIJJJR J NJ NI NK KK# LKN JK K NKPILKINJ NI NK KK% R NKNI KKK% N J KJ I NJIK IJNI K% INJJ INIJI I% L KJ KRIJ LNKJ IK IIJ $IJKK KJJ$IJKK KJ NINKJ IK NK J I NII NJK IKINJ NI NKJ IK/ NK KKK%R N JNI PIKLJ NIIKNJK IJ K KJ IK JIL IJ -.

As a result of IP rights claims, we could: • pay monetary damages, payments to satisfy indemnification obligations, royalties, fines, or penalties; • stop manufacturing, using, selling, offering to sell, or importing products or technology subject to claims; • need to develop other products or technology not subject to claims, which could be time-consuming or costly; and/or • enter into settlement or license agreements, which may not be available on commercially reasonable terms and may be costly. These IP rights claims could harm our competitive position, result in expenses, or require us to impair our assets. If we alter or stop production of affected items, our revenue could be harmed. We rely on access to third-party IP, which may not be available to us on commercially reasonable terms, if at all. Many of our products are designed to include third-party technology or implement industry standards, which may require licenses from third parties. In addition, from time to time, third parties notify us that they believe we are using their IP. There is no assurance that any necessary licenses or our existing licenses to such third-party IP can be obtained or are available on commercially reasonable terms or at all. Failure to obtain the right to use third-party technology, or to license IP on commercially reasonable terms, could preclude us from selling certain products or otherwise have a material adverse impact on our financial condition and operating results. To the extent our products include software that contains or is derived from open-source software, we may be required to make the software's source code publicly available and/or license the software under open-source licensing terms. We are subject to risks associated with litigation and regulatory matters. From time to time, we face legal claims or regulatory matters involving stockholder, consumer, competition, commercial, IP, labor and employment, compliance, and other issues. As described in "Note 19: Commitments and Contingencies" within the Notes to Consolidated Financial Statements, we are engaged in a number of litigation and regulatory matters. Litigation and regulatory proceedings are inherently uncertain, and adverse rulings, excessive verdicts, or other events could occur, including monetary damages, fines, penalties, or injunctions stopping us from manufacturing or selling certain products, engaging in certain business practices, or requiring other remedies, such as compulsory licensing of patents. An unfavorable outcome can result in a material adverse impact on our business, financial condition, and results of operations. Regardless of the outcome, litigation and regulatory proceedings can be costly, time-consuming, disruptive to our operations, harmful to our reputation, and distracting to management. We must attract, retain, and motivate key talent. We believe that hiring and retaining qualified executives, scientists, engineers, technical talent, sales representatives, and other professionals are critical to our business. The competition for highly skilled employees in our industry is intense, with the demand often exceeding supply. Competitors for technical talent increasingly seek to hire our employees, and the availability of flexible, hybrid, or work- from-home arrangements has both intensified and expanded competition. In addition, changes in immigration policies may further limit the pool of available talent and impair our ability to recruit and hire technical and professional talent. From time to time, we have intensified our efforts to recruit and retain talent, such as during 2021 and 1H 2022, and these efforts have increased our expenses. Further, we may not be successful in attracting, retaining, and motivating the workforce necessary to deliver on our strategy, and we have been required to curtail our planned hiring and reduce our workforce to respond to business conditions that differ from our expectations, which can be disruptive, compromise our ability to deliver on our strategy and workforce goals, and impact our ability to recruit in the future. Changes in employment-related laws applicable to our workforce practices may also result in increased expenses and less flexibility in how we meet our changing workforce needs. To help attract, retain, and motivate qualified employees, we use share-based awards, such as RSUs, and performance-based cash incentive awards. Sustained declines in our stock price or lower stock price performance relative to our competitors have been reducing the retention value of our share-based awards, which can impact the competitiveness of our compensation. Our employee hiring and retention also depend on our ability to build and maintain a diverse and inclusive workplace culture and be viewed as an employer of choice. To the extent our compensation programs and workplace culture are not viewed as competitive, or changes in our workforce and related restructuring, reduction-in-force or other initiatives are not viewed favorably, our ability to attract, retain, and motivate employees can be weakened, which could harm our results of operations. In addition, significant or prolonged turnover may negatively impact our operations and culture, as well as our ability to successfully maintain our processes and procedures, including due to the loss of historical, technical, and other expertise. Changes in our management team and any failure to successfully transition and assimilate key talent could disrupt our business and adversely affect our results of operations. To the extent we do not effectively hire, onboard, retain, and motivate key employees, our business can be harmed. We are subject to risks associated with our strategic transactions and investments. We routinely evaluate opportunities and enter into agreements for possible acquisitions, divestitures, and other strategic transactions, which are an important component of our financial allocation strategy. These transactions involve numerous risks, including: • our inability to identify opportunities in a timely manner or on terms acceptable to us; • failure of the transaction to advance our business strategy and failure of its anticipated benefits to materialize; • disruption of our ongoing operations and diversion of our management's attention; • failure of partners to satisfy financial or other obligations on which we rely; • our inability to exercise sole decision-making authority regarding a project, property, or entity; • failure to complete a transaction in a timely manner, or at all, due to our inability to obtain required government or other approvals on a timely basis or without materially burdensome conditions or mandated acquisitions, divestitures, or disposals, IP disputes or other litigation, difficulty in obtaining financing on terms acceptable to us, or other unforeseen factors; intel. Risk Factors and Other Key Information 58 #KIKNJ $IJKK%R N9 W L JILK%L JKJ KJKL J J K%I LJK% K% I JK: W KJ NJNI %NK %K % I J K% I IJ I NJK IJ LKN 8JJ K: W J P JII NJK IJ L JKN 8JJ K%R N J KN I KJL: 8 I W JI J KJJ J I KI JK%RL J P ILIK JIK L KJL K$IJKK NI NI JJP KJ %IKNJ M KK% IIQNINKJ I NIKKJKRJI IKJ I NJ JJK% NIIP N N I !IL KKJ JIIJL$%RL J P J NK ILIK JIK%J' L NII NJKI K J NJIIJLJ L I J NKJILKJ IK%RLIQNI KKI JIIJK J % I JJ J%JIIJK JLNKJJJL PRINK JI$IK KKNI JJ L KKIL KK I NI MKJ KKJ KNJIIJL$ J IIP ILIK JIK IJNIJ J J IJJ NKJIIJLJ L% IJ K$ ILIK JIK% NINNKI K IJ I NJK I JIRKPJIPIKJ NI J IJ IKNJK JMJ J NII NJK NK JRIJJ J K IKIPI K NIK JRI%RL IQNIJ JK JRI/KK NI N LP 8 I KJK JRIN I K NI K JIK !IKN 8JJ IKKKK JRJJJ INJ ILJJIKI JJ J%RK IINJ ILJJIK P P KJ I% KNI% JJ % I%$% I L J% % JIKKNK#KKI E& J 79 J JK J KERJ J& JKJ K J JJ JK%RI N I JJ INJ ILJJIK0JJ INJ ILI KI I JLN IJ % PIKIN K%MKKPPIJK% I JI P JK N NI% N JILK% K% JK% I 8N J KKJ NKI NJNI IK IJ I NJK% IJ NK KKIJK% IIQNI JIIK%KNK NK IL K J JK# N P I NJ IKNJ JIPIKJ NI NK KK% J % IKNJK IJ KIKK J NJ %JJ INJ ILI K KJL%J KN %KINJPJ NI IJ K%INJ NIINJJ % KJIJ J J !NKJJJIJ%IJ % JPJLJ J ! PJJI IJ QNMNJPK%K JKJK% IK%J J J%KKIIK JJPK% JI I KK KIIJJ NI NK KK JJ ILK LK NI NKJILK J K%RJJ J M KNL JJ IK IJ J J IK LKJ I NI LK% JP JL M %L I% IR I I II JKK J J K M JJ J % K IJ KLNIJIJJ P J J I NI JLJ IINJ IJ I KK J JI JJ J%RP J K NI IJKJ IINJ IJ J J%KNKNI ** >***% JK IJKP IK NIM KKNIJI%RL J KNKKN JJIJ %IJ % JPJ JR I I KKILJ PI NIKJIJL% RP IQNIJ NIJ NI I IN NIR I IJ IK J NK KK J KJJII NIMJJ K%R KINJP% I K NI JLJ PI NIKJIJL R I I K% J NI JLJ IINJ JNJNI K L JIJRK J NIR I IIJKLK IKNJ IKM KK KKM JL RRJ NI R I I K JJIJ%IJ % JPJQN LK%RNKKI KRIK%KNK1K% I I KK JPRIKNKJ K NIKJ I I RIKJ II I IJPJ NI JJ IKP IN JIJ J PN NIKI KRIK%R JJ JJP KK NI KJ NI LI IJ J K NI JLJ N J PIK NKPR I NJNI PRK LI JMJ J NI KJ I IK R INJNII JPRK JJP% I K NIR I I IJIKJINJNI %INJ I I JI JJPKI JPRP I L% NI JLJ JJIJ%IJ % JPJ LK R %R NI NIIKNJK IJ K J %K J I I JNI PIL JPLJ NI IJ K NJNI%KRK NI JLJ KNKKNL J NII KKK I NIK% N NJ J KK KJ I%J % JIMIJK K NI JJ LNIJ KNKKNLJI KJ KKJLJ J NKINJ NI NK KK PIKLJ NIIKNJK IJ K JMJ JR JJPLI% I%IJ % JPJL LK% NI NK KK I !IKN 8JJ IKKKK JRJ NIKJIJJI KJ K PKJ JK !I NJ LPNJ IJN JK JI J I JK I KK QNKJ K%PKJJNIK% JIKJIJJI KJ K% RI IJ J J NI J KJIJLKJI KJ K P P NI NKIKK% N 9 W NI JLJ JL IJN JK JL I I JIKJ J NK: W NI JJI KJ J P NI NK KKKJIJL NI JK JJ JKJ JIO: W KINJ NI IJ K PIK NI J/KJJ J : W NI IJ IKJ KJKL I JI J K RRIL: W NI JLJ MIKK K NJ IJLII I 8J%I IJL% I JJL: W NIJ JJI KJ JL I% IJ%NJ NI JLJ J IQNI PI J I JII PK JL KK IRJ NJJIL NI K J K I JQNKJ K%PKJJNIK% IK KK%$KNJK I JIJJ %NJL J JIKJ J NK% I JIN IK J IK: KJ IK JIL IJ -2

• our failure to realize a satisfactory return on our investment, potentially resulting in an impairment of goodwill and other assets, and restructuring charges; • our inability to effectively enter new market segments through our strategic transactions or retain customers and partners of acquired businesses; • our inability to retain key personnel of acquired or majority-owned businesses or our difficulty in integrating or separating employees, business systems, and technology or otherwise operating the acquired or majority-owned business; • controls, processes, and procedures of acquired or majority-owned businesses that do not adequately ensure compliance with laws and regulations and create complexity and inconsistency in application of controls, processes and procedures, and our failure to identify and/or address compliance issues, including accounting errors, or liabilities; • our inability to resolve impasses or disputes with partners, including as a result of differences in our interests or goals; • our failure to identify, or our underestimation of, commitments, liabilities, accounting and other risks associated with acquired businesses or assets, majority-owned businesses or novel transactions; and • the potential for our transactions to result in dilutive issuances of our equity securities or significant additional debt. Any of these risks could have a material adverse effect on our business, results of operations, financial condition, or cash flows, particularly in the case of a large acquisition, divestiture or partial divestiture, or several concurrent strategic transactions. Moreover, our resources are limited and our decision to pursue a transaction has opportunity costs; accordingly, if we pursue a particular transaction, we at times need to forgo the prospect of entering into other transactions or otherwise investing our resources in a manner that could help us achieve our financial or strategic objectives. Where an existing investment does not strategically align to our key priorities, we routinely evaluate opportunities for possible divestitures and other options. We may not realize the anticipated benefits of divestitures due to risks that include unfavorable prices and terms; changes in market, macroeconomic, or geopolitical conditions affecting the regions or industries in which we or counterparties operate; changes in applicable laws; failure to receive regulatory or governmental approvals; limitations or restrictions due to regulatory or governmental approvals, litigation, contractual terms, or other conditions; delays in closing; lack of support by third parties; actions by competitors; adverse effects on our business relationships, operating results, or business due to the announcement and pendency of such transactions; and continued financial obligations, unanticipated liabilities, or transition costs associated with such transactions. In some cases, we are not able to divest investments on acceptable terms or at all. In addition, we make investments in public and private companies to further our strategic and financial objectives and to support certain key business initiatives. These companies can include early-stage companies still defining their strategic direction. Many of the instruments in which we invest are non-marketable and illiquid at the time of our initial investment, and we are not always able to achieve a return in a timely fashion, if at all. Our ability to realize a return on our investment in a private company, if any, is typically dependent on the company participating in a liquidity event, such as a public offering or acquisition. To the extent any of the companies in which we invest are not successful, which at times includes bankruptcy, we could recognize an impairment and/or lose all or part of our investment. We are subject to sales-related risks. We face risks related to sales through distributors and other third parties. We sell a significant portion of our products through third parties, such as distributors, value-added resellers, and channel partners (collectively referred to as distributors), as well as OEMs and ODMs. We depend on many distributors to help us create end-customer demand, provide technical support and other value-added services to customers, fill customer orders, and stock our products. At times, we rely on one or more key distributors for a product, and a material change in our relationship with one or more of these distributors or their failure to perform as expected could reduce our revenue. Our ability to add or replace distributors for some of our products is limited. In addition, our distributors' expertise in the determination and stocking of acceptable inventory levels for some of our products is not always easily transferable to a new distributor; as a result, end customers may be hesitant to accept the addition or replacement of a distributor. Using third parties for distribution exposes us to many risks, including competitive pressure and concentration, credit, and compliance risks. Distributors and other third parties often sell products that compete with our products, and we sometimes need to provide financial and other incentives to focus them on the sale of our products. From time to time, they may face financial difficulties, including bankruptcy, which could harm our collection of accounts receivable and financial results. Further, any violations of the Foreign Corrupt Practices Act or similar laws by distributors or other third- party intermediaries could have a material impact on our business, including subjecting us to litigation or regulatory risk. Failure to manage risks related to our use of distributors and other third parties may reduce sales, increase expenses, and weaken our competitive position. From time to time, our products are resold by third parties in an unauthorized "gray market." Our policies and procedures designed to keep our products away from the gray market may not be successful in achieving this objective. Gray market products can distort demand and pricing dynamics in our distribution channel and certain geographies, which at times adversely affects our revenue opportunities. Gray market activity is difficult to monitor and can make forecasting demand more challenging. Gray market products also sometimes include parts that have been altered or damaged, and our reputation may be harmed when these products fail or are found to be substandard. We receive a significant portion of our revenue from a limited number of customers. Collectively, our three largest customers accounted for 40% of our net revenue in 2023, 42% of our net revenue in 2022 and 43% of our net revenue in 2021. We expect a small number of customers will continue to account for a significant portion of our revenue in the foreseeable future. intel. 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