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April 17, 2018

Ms. Dianne Maes


Sandoval County
1500 Idalia Road, Building D
Bernalillo, NM 87004

Dear Ms. Maes:

As per Intel’s 2004 Industrial Revenue Bond (IRB) lease agreement with Sandoval County, please
accept the following as Intel’s 2017 Annual Report.

Intel in the Community


2017 marked Intel’s 37th year in New Mexico. Employees continue to give back to the community
that has supported us and contributed to our success for nearly four decades.
 In 2017, employees set new site records for volunteerism. 60% of our employees
volunteered over 42,000 hours of their time in the community.
 During the holiday season, Intel employees provided 515 Thanksgiving meals, provided
holiday gifts for 110 families in Sandoval County, and welcomed 50 students in need for
our annual winter carnival, where they enjoyed a fun afternoon of activities and received
holiday gifts.
 Overall, Intel, the Intel Foundation, and Intel employees contributed nearly $1.1 million in
support of K-12 classrooms, secondary and post-secondary education, non-profit and
other charitable organizations across the state. These investments continue to support a
more skilled and competitive workforce for the future, and contribute many solutions to
social and educational challenges in our communities.

Capital Investments / Industrial Revenue Bond / Property Tax


Our New Mexico site is one of Intel’s high-volume manufacturing facilities that we continue to
invest in and support.
 In 2017, Intel invested nearly $47 million in capital for the facility – an increase of
approximately $4 million over 2016.
 Per our IRB agreement, Intel paid $9.15M to Sandoval County. Property tax paid to
Sandoval County for 2017 was $605,426.32.
Economic Impact
Intel has a strong positive economic impact on the state.
 Intel’s preference is to source locally when possible and, as a result, we spent just under
$200 million with New Mexico-based organizations in 2017.
 Intel employs over 1,100 highly-skilled individuals. In 2017, approximately 1,000 contract
workers worked with Intel, of which approximately 500 provided on-site services daily.
 Intel New Mexico employees’ average total compensation, as of the end of 2017, was
more than $145,000 per year (includes salary, benefits and bonuses).

Hiring
 Intel hired 30 new employees in New Mexico in 2017. As stated in Intel’s 2004 IRB
agreement, Intel needs to meet a yearly goal of 60% New Mexico resident hiring. That
goal was reached in 2017. New Mexico hires accounted for 77% of the total new hires.
 Since Intel’s 1995 IRB agreement, 63% of Intel’s new hires in at the Rio Rancho plant have
been New Mexico residents. Below is a table summarizing Intel’s local hiring since 1995.

Total NM NM Total NM NM
Year Hires Residents Residents Year Hires Residents Residents
(of total) (% of total) (of total) (% of total)
1995 1102 680 61.7% 2007 14 11 78.6%
1996 1073 668 62.2% 2008 46 36 78.2%
1997 1628 1093 67.1% 2009 8 3 27.3%
1998 50 34 68.0% 2010 187 112 60.0%
1999 138 126 91.3% 2011 349 121 34.7%
2000 1369 932 68.1% 2012 74 19 25.7%
2001 485 245 50.5% 2013 24 6 25.0%
2002 65 40 61.5% 2014 6 3 50.0%
2003 36 27 75.0% 2015 10 9 90.0%
2004 105 65 61.9% 2016 12 12 100.0%
2005 341 239 70.1% 2017 30 23 76.7%
2006 185 103 55.7% Total 7330 4614 62.9%

By accepting this report into the record, Intel Corporation has met the intent outlined in Section
5.12, subparagraph A, of the 2004 IRB lease agreement.

Regards,

Erika L. Edgerly
New Mexico Government Affairs Manager
Intel Corporation

For more information, please go to www.intel.com/NewMexico