EQUITY (Tables)

12 Months Ended

Dec. 30, 2023

EQUITY

Schedule of RSUs activity

The RSU activity for the years ended December 30, 2023 and December 31, 2022 for RSUs granted to the Company’s employees under the 2022 Plan was as follows:

		Weighted average grant
	Number of RSUs	date fair value per share
	In thousands	U.S. dollars
Outstanding as of December 25, 2021	—	$	—
Granted	12,570		21
Forfeited	(6)		21
Outstanding as of December 31, 2022	12,564		21
Granted	6,782		40
Vested	(4,240)		21
Forfeited	(328)		26
Outstanding as of December 30, 2023	14,778	$	30

Schedule of outstanding and exercisable options

Outstanding and exercisable options for Intel’s common stock under Intel’s 2006 Plan as of December 30, 2023 were as follows:

	Outstanding				Exercisable
		Weighted average	Weighted			Weighted
	Number of	remaining	average		Number of	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	59	2.1	$	6.1	52	$	4.0
$ 22.4 - 24.3	8	0.1		23.5	8		23.5
$55.2	68	0.2		55.2	68		55.2
Total	135	1.0	$	31.7	128	$	32.2

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 26, 2020	6,391	2.4	$	29.2	$	114
Exercised	(2,807)	—		29.3		—
Forfeited	(6)	—		24.5		—
Options outstanding as of December 25, 2021	3,578	1.5		29.2		79
Exercised	(1,308)	—		32.8		—
Options outstanding as of December 31, 2022	2,270	0.8		27.1		1
Exercised	(36)	—		22.3		—
Expired	(2,099)	—		26.9		—
Options outstanding as of December 30, 2023	135	1.0	$	31.7	$	3
Options exercisable as of December 30, 2023	128	1.0	$	32.2	$	3

(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 common stock. On December 30, 2023, December 31, 2022, and December 25, 2021, the Intel share prices were $50.25, $26.43, and $51.31, respectively. 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 December 30, 2023 were 7 thousand options with an average weighted exercise price of $21.6.

Schedule of share-based compensation expenses

	Year ended
	December 30,		December 31,		December 25,
U.S. dollars in millions	2023		2022		2021
Cost of revenue	$	2	$	2	$	1
Research and development, net		212		153		77
Sales and marketing		7		5		4
General and administrative		31		14		15
Total share-based compensation	$	252	$	174	$	97

Intel

EQUITY

Schedule of RSUs activity

The RSU activity for the years ended December 30, 2023, December 31, 2022, and December 25, 2021 for RSUs granted to Company’s employees for Intel’s common stock was as follows:

		Weighted average grant
	Number of RSUs	date fair value per share
	In thousands	U.S. dollars
Outstanding as of December 26, 2020	4,339	$	44.6
Granted	2,935		47.8
Vested	(1,761)		44.0
Forfeited	(235)		46.4
Outstanding as of December 25, 2021	5,278		46.5
Granted	3,758		43.7
Vested	(2,935)		45.9
Forfeited	(409)		48.1
Outstanding as of December 31, 2022	5,692		44.8
Vested	(2,690)		45.0
Forfeited	(291)		46.1
Outstanding as of December 30, 2023	2,711	$	44.4