As of Q4'25, Intel's cash and short-term investments stand at USD 37.4B, while total debt is USD 46.6B. This marks a significant increase in cash holdings compared to the previous quarter, with debt levels remaining relatively stable. From Q1'23 to Q4'25, Intel's cash and short-term investments have shown considerable volatility, dipping as low as USD 21B in Q1'25 before surging to USD 37.4B by Q4'25. Debt levels have remained more consistent, fluctuating within the USD 46.5B to USD 53B range, with a slight downward trend in the most recent quarters. The sharp rise in cash in late 2025 suggests a notable improvement in liquidity, potentially reflecting strategic financing or operational shifts during this period.