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Non-Controlling Interests | 6 Months Ended
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Jun. 28, 2025
Noncontrolling Interest [Abstract] |
Non-Controlling Interests |
Note 3 : | Non-Controlling Interests
|  | Non-Controlling Ownership %
|  | Jun 28, 2025 |  | Jun 29, 2024 |  |
Ireland SCIP |  | 49 | % |  | 49 | % |  |
Arizona SCIP |  | 49 | % |  | 49 | % |  |
Mobileye |  | 13 | % |  | 12 | % |  |
IMS |  | 32 | % |  | 32 | % |  |
(In Millions) |  | Ireland SCIP |  | Arizona SCIP |  | Mobileye |  | IMS |  | Total
Non-controlling interests as of Dec 28, 2024 |  | $ | 61 |  |  | $ | 3,888 |  |  | $ | 1,672 |  |  | $ | 141 |  |  | $ | 5,762 |
Partner contributions |  | — |  |  | 2,240 |  |  | — |  |  | — |  |  | 2,240 |
Partner distributions |  | (91) |  |  | — |  |  | — |  |  | — |  |  | (91) |
Changes in equity of non-controlling interest holders |  | — |  |  | — |  |  | 129 |  |  | — |  |  | 129 |
Net income (loss) attributable to non-controlling interests |  | 98 |  |  | (232) |  |  | (19) |  |  | (19) |  |  | (172) |
Non-controlling interests as of Jun 28, 2025 |  | $ | 68 |  |  | $ | 5,896 |  |  | $ | 1,782 |  |  | $ | 122 |  |  | $ | 7,868 |
(In Millions) |  | Ireland SCIP |  | Arizona SCIP |  | Mobileye |  | IMS |  | Total
Non-controlling interests as of Dec 30, 2023 |  | $ | — |  |  | $ | 2,359 |  |  | $ | 1,838 |  |  | $ | 178 |  |  | $ | 4,375 |
Partner contributions |  | — |  |  | 849 |  |  | — |  |  | — |  |  | 849 |
Changes in equity of non-controlling interest holders |  | — |  |  | — |  |  | 81 |  |  | — |  |  | 81 |
Net income (loss) attributable to non-controlling interests |  | 6 |  |  | (56) |  |  | (33) |  |  | (17) |  |  | (100) |
Non-controlling interests as of Jun 29, 2024 |  | $ | 6 |  |  | $ | 3,152 |  |  | $ | 1,886 |  |  | $ | 161 |  |  | $ | 5,205 |
Semiconductor Co-Investment Program Ireland SCIP We consolidate the results of an Irish limited liability company (Ireland SCIP), a VIE, into our Consolidated Condensed Financial Statements because we are the primary beneficiary. Generally, distributions will be received from Ireland SCIP based on each investor's respective ownership of Ireland SCIP, of which Intel's is 51%. Ireland SCIP has rights to factory output of an Intel owned wafer fabrication plant in Ireland (Fab 34) and rights to resell the factory output to us. We retain sole ownership of Fab 34 and we are engaged as the Fab 34 operator in exchange for variable payments from Ireland SCIP based on the related factory output. We are required to substantially complete construction of Fab 34 in accordance with contractual parameters and timelines or we will be required to pay delay-related liquidated damages to Apollo, the other investor, beginning in 2026, not to exceed $1.1 billion in total. Though we expect certain construction delays in the near term, we intend to complete construction of Fab 34. We will be required to purchase minimum quantities of the related factory output from Ireland SCIP, or we will be subject to certain volume-related damages payable to Ireland SCIP, beginning at the earlier of when construction is complete or the third quarter of 2027. As of June 28, 2025, other than cash and cash equivalents held by Ireland SCIP, most of the remaining assets and liabilities of Ireland SCIP were eliminated in our Consolidated Condensed Balance Sheets. Arizona SCIP We consolidate the results of an Arizona limited liability company (Arizona SCIP), a VIE, into our Consolidated Condensed Financial Statements because we are the primary beneficiary. Generally, contributions will be made to, and distributions will be received from Arizona SCIP based on our and Brookfield's proportional ownership of Arizona SCIP; we will be the sole operator and main beneficiary of two new chip factories that are being constructed by Arizona SCIP; and we will be required to both operate Arizona SCIP at minimum production levels (measured in wafer starts per week) and limit excess inventory held on site or we will be subject to certain volume-related damages payable to Arizona SCIP. The assets held by Arizona SCIP, which are not available to us as they can be used only to settle obligations of the VIE and substantially consisted of property, plant, and equipment, were $15.5 billion as of June 28, 2025 ($11.5 billion as of December 28, 2024). The remaining assets and liabilities of Arizona SCIP were eliminated in our Consolidated Condensed Balance Sheets. Mobileye On July 11, 2025, we converted 113.7 million of our Mobileye Class B shares into Class A shares. We subsequently sold 57.5 million of the Class A shares in a secondary offering, representing 7% of Mobileye's outstanding capital stock, for $16.50 per share and received net proceeds of $922 million. Concurrently, we sold 6.2 million of the Class A Shares directly to Mobileye. As we will continue to consolidate the results of Mobileye, the impact of their share repurchase was eliminated in our Consolidated Condensed Financial Statements.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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