EQUITY (Tables)

3 Months Ended

Apr. 01, 2023

EQUITY

Schedule of outstanding and exercisable options

Outstanding and exercisable options for Intel’s common stock under Intel’s plan as of April 1, 2023 were as follows:

	Outstanding				Exercisable
		Weighted average
	Number of	remaining	Weighted average		Number of	Weighted average
Exercise price	options	contractual life	exercise price		options	exercise price
U.S. dollars	In thousands	In years	U.S. dollars		In thousands	U.S. dollars
$ 4.0 - 21.6	63	2.8	$	6.9	52	$	4.0
$ 22.4 - 26.9	2,135	0.4		26.8	2,135		26.8
$55.2	68	6.0		55.2	68		55.2
Total	2,266	0.6	$	27.1	2,255	$	27.1

Schedule of option activity

			Weighted
		Weighted average	average
		remaining	exercise		Aggregated
	Number of options	contractual Life	price		intrinsic value(1)
	In thousands	In years	U.S. dollars		U.S. dollars in millions
Options outstanding as of December 31, 2022	2,270	0.8	$	27.1	$	1
Exercised	(4)	—		20.2		—
Options outstanding as of April 1, 2023	2,266	0.6	$	27.1	$	14
Options exercisable as of April 1, 2023	2,255	0.6	$	27.1	$	14

(1)The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing stock price of Intel’s ordinary shares. On April 1, 2023, the share price was $32.7. This represents the potential pre-tax amount receivable by the option holders had all option holders exercised their options as of such date.

(2)The remaining options expected to vest as of April 1, 2023 are 10.5 thousand options with an average weighted exercise price of $21.6.

Schedule of RSUs activity

The RSUs activity for the three months ended April 1, 2023 for RSUs granted to Company’s employees under the 2022 Plan was as follows:

			Weighted average grant
	Number of RSUs		date fair value
	In thousands		U.S. dollars
Outstanding as of December 31, 2022		12,564	$	21
Granted		253		38.6
Vested		*		—
Forfeited		(59)		22.5
Outstanding as of April 1, 2023	$	12,758		21.3

* Less than 1000

The RSUs activity for the three months ended April 1, 2023 for RSUs granted to the Company’s employees for Intel’s common stock was as follows:

		Weighted average
	Number of RSUs	grant date fair value
	In thousands	U.S. dollars
Outstanding as of December 31, 2022	5,692	$	44.8
Vested	(140)		49.6
Forfeited	(93)		46.6
Outstanding as of April 1, 2023	5,459	$	44.6

Schedule of share-based compensation expenses

	Three months ended
U.S. dollars in millions	April 1, 2023		April 2, 2022
Cost of revenue	$	1	$	—
Research and development, net		60		37
Sales and marketing		2		1
General and administrative		9		2
Total share-based compensation	$	72	$	40