EQUITY (Tables)

6 Months Ended

Jul. 01, 2023

EQUITY

Schedule of RSUs activity

			Weighted average grant
	Number of RSUs		date fair value
	In thousands		U.S. dollars
Outstanding as of December 31, 2022		12,564	$	21.0
Granted		656		38.0
Vested		(3,750)		21.0
Forfeited		(116)		22.2
Outstanding as of July 1, 2023		9,354	$	22.2

		Weighted average grant
	Number of RSUs	date fair value
	In thousands	U.S. dollars
Outstanding as of April 1, 2023	12,758	$	21.3
Granted	403		37.6
Vested	(3,750)		21.0
Forfeited	(57)		21.7
Outstanding as of July 1, 2023	9,354	$	22.2

Schedule of outstanding and exercisable options

Outstanding and exercisable options for Intel’s common stock under Intel’s plan as of July 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	2.6	$	6.9	56	$	5.1
$ 22.4 - 26.9	2,121	0.1		26.8	2,121		26.8
$55.2	68	5.8		55.2	68		55.2
Total	2,252	0.4	$	27.1	2,245	$	27.1

Schedule of option activity

		Weighted average	Weighted		Aggregated
	Number of	remaining	average		intrinsic
	options	contractual Life	exercise price		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	(18)	—		22.3		—
Options outstanding as of July 1, 2023	2,252	0.4	$	27.1	$	16
Options exercisable as of July 1, 2023	2,245	0.4	$	27.1	$	16

		Weighted average	Weighted		Aggregated
	Number of	remaining	average		intrinsic
	options	contractual Life	exercise price		value(1)
	In thousands	In years	U.S. dollars		U.S. dollars in millions
Options outstanding as of April 1, 2023	2,266	0.6	$	27.1	$	14
Exercised	(14)	—		22.9		—
Options outstanding as of July 1, 2023	2,252	0.4	$	27.1	$	16
Options exercisable as of July 1, 2023	2,245	0.4	$	27.1	$	16

(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 share. On July 1, 2023, Intel’s ordinary share price was $33.4. 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 July 1, 2023 are 7 thousand options with an average weighted exercise price of $21.6.

Schedule of share-based compensation expenses

	Three months ended				Six months ended
U.S. dollars in millions	July 1, 2023		July 2, 2022			July 1, 2023	July 2, 2022
Cost of revenue	$	1	$	—	$	2	$	—
Research and development, net		45		32		105		69
Sales and marketing		2		1		4		2
General and administrative		7		3		16		5
Total share-based compensation	$	55	$	36	$	127	$	76

Intel

EQUITY

Schedule of RSUs activity

The RSUs activity for the six months ended July 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	(703)		46.7
Forfeited	(141)		46.0
Outstanding as of July 1, 2023	4,848	$	44.5

The RSUs activity for the three months ended July 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 April 1, 2023	5,459	$	44.6
Vested	(563)		46.0
Forfeited	(48)		45.0
Outstanding as of July 1, 2023	4,848	$	44.5