Intel Press Release

Intel CEO Barrett: Path Of Innovation Is Certain

Moore's Law to Drive Technology Advancement for Generations Ahead

INTEL DEVELOPER FORUM, SAN JOSE, Calif., Feb. 18, 2003 -- Intel CEO Craig Barrett today said that the desire for advanced technology -- enabled by silicon innovation and Moore's Law -- remains as strong as ever.

The global expansion of the Internet, exponential growth of data traffic, continued adoption of electronic commerce, wireless communications and conversion of consumer devices and content to digital technology, continue unabated despite the high-tech recession of the last two years.

Speaking before about 4,000 developers, engineers and other technical experts at the Intel Developer Forum, Barrett also announced plans to invest $2 billion to convert an existing Intel manufacturing facility in Chandler, Ariz. to create the company's fifth 300mm wafer fabrication facility worldwide. The new fab will run 65-nanometer (nm) process technology and is expected to be completed by the end of 2005. Advanced silicon manufacturing capabilities like those planned for the converted fab will deliver on the promise of Moore's Law to enable products that combine computing and communications functions and provide outstanding value to customers.

"The global desire for advanced technology by consumers, businesses, governments and other organizations has not slowed," said Barrett. "The last two years have shown more clearly than ever that innovation and technology continue to move forward, even in the face of a weak economy. Businesses and governments in both mature and emerging markets worldwide are viewing technology infrastructure as critical to their competitiveness over the long run."

Intel will bring a number of new products to market this year that serve as examples of how investing in innovation and advanced technology can better meet user requirements and provide new capabilities. As one example, Barrett referenced the company's recent introduction of its "wireless-Internet-on-a-chip" device that will help bring low power, high performance computing and communications functionality to the cell phone industry. Another is the upcoming launch of Intel® Centrino™ mobile technology, which will enable a new generation of mobile PCs that will change where and how people compute and will bring new levels of freedom to mobile computing, as users enjoy the benefits of being unwired.

"These products and others we will deliver this year are the result of Intel's commitment to innovation and investment in technology, research and development, manufacturing capabilities, and digital computing and communications architectures," said Barrett. "Each is a reminder of the value of technology that focuses on market requirements and bringing value to the customer."

Also this year, Intel will rely on its strengths as a technology leader to enhance existing products, quickly ramping its 90-nm process technology with its next generation Prescott and Dothan desktop and mobile processors. The new processors will benefit from 90-nm technology through smaller die size, better performance, and in the case of Dothan, the ability to drive longer battery-life and other features important to wireless computing. Intel's 90-nm technology will also serve as the foundation for strategic communications components in the future.

"The importance of Moore's Law, and its promise of smaller, more powerful products built at lower cost, remains the focus of continuing investments by those in our industry who are determined to remain competitive," said Barrett. "For Intel, the path is clear. The fundamental value of silicon innovation and integration is certain for generations to come as it continues to create customer benefits and serve as the foundation for outstanding new products."

In his keynote speech Barrett also described projects that extend current technologies and break new ground in emerging areas in order to keep Intel one generation ahead in key technology areas and user-driven market segments. While offering new promise, this next level of innovation will create new challenges for the developer community. Such challenges include security solutions, software that runs seamlessly across multiple devices and the creation of products that are easier to use.

"By continuing to innovate and by working together to take on the challenges of the future, the opportunities for our industry are limitless," said Barrett. "Success will come from continuing to push technology to create new benefits, new uses and new levels of value for customers."

About IDF
The Intel Developer Forum is the technology industry's premier event for hardware and software developers. Held worldwide throughout the year, IDF brings together key industry players to discuss cutting-edge technology and products for PCs, servers, communications equipment, and handheld clients. For more information on IDF and Intel technology, visit http://developer.intel.com.

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