Intel Press Release

Intel Elects John L. Thornton To Its Board Of Directors

SANTA CLARA, Calif., July 23, 2003 -- Intel Corporation announced that John L. Thornton, professor and director of global leadership at Tsinghua University in Beijing, was elected to Intel's board of directors, effective today.

Thornton retired July 1 as president and co-chief operating officer of Goldman Sachs Group Inc. and as a member of that firm's board of directors.

He is also a director of the Ford Motor Company, British Sky Broadcasting and Pacific Century Group Inc. He is chairman of the Brookings Institution Board of Trustees, a member of the Council on Foreign Relations, and a member of the advisory board or trustee of the Asia Society, The Goldman Sachs Foundation, The Hotchkiss School, Morehouse College, The Tsinghua University School of Economics and Management (Beijing), the Yale University Investment Committee and the Yale School of Management.

Thornton received a bachelor's degree in history from Harvard College in 1976, a bachelor's/master's degree in jurisprudence from Oxford University in 1978 and a master's degree in public and private management from the Yale School of Management in 1980. He and his family live in London and Far Hills, N.J.

"We are very pleased to have John Thornton join Intel's board of directors," said Intel Chairman Andrew S. Grove. "His background in management and finance and his 20 years of hands-on experience with international business will be immensely valuable to us."

Thornton's election to Intel's board brings the number of directors to 12. That number is expected to decrease to 11 in May when Charles E. Young, a director since 1974, reaches the board's mandatory retirement age.

Intel is a trademark or registered trademark of Intel Corporation or its subsidiaries in the United States and other countries.

* Other names and brands may be claimed as the property of others.