Intel Unveils $2B Expansion To Irish Plant - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Business & Finance

Intel Unveils $2B Expansion To Irish Plant

The expanded facility, located near Dublin, will manufacture a new generation of ultra-fast microprocessors.

DUBLIN, Ireland (AP) -- Intel Corp. announced a massive $2 billion expansion to its plant in Ireland for manufacturing a new generation of ultra-fast microprocessors.

Intel, the world's largest chipmaker headquartered in Santa Clara, Calif., said it planned to build a 60,000 square-foot facility for manufacturing its next planned chip line, called Fab 24-2. Construction will begin immediately and production of the new chips in early 2006, the company said.

"This additional investment in the factory will help ensure that we have leading-edge manufacturing capacity to meet customer needs in 2006," said Bob Baker, Intel's senior vice president of its technology manufacturing group. "The performance of our workforce in Ireland and our relationship with the government helped make this investment decision possible."

Intel has been expanding rapidly in Ireland since establishing operations here in 1989. Its campus in the west Dublin suburb of Leixlip already employs more than 4,500 people, making it the largest Intel operation outside the United States and its only manufacturing base in Europe.

The government's Investment and Development Agency said it had provided a confidential amount of financial support and other incentives to Intel to secure its latest expansion. It said this aid would require European Union approval.

"Ireland faced stiff competition from several locations for this investment," said Deputy Prime Minister Mary Harney. "The decision by Intel to commence this new phase of investment in its Irish operations confirms Ireland's position as a world-class technology location and one of Europe's top locations for semiconductor innovation and manufacturing."

Over the past decade, a number of high-tech multinationals have been wooed to Ireland, citing the country's highly educated, English-speaking work force, good connections between companies and universities, involvement in the European Union and its euro common currency, and a low corporate tax rate of 12.5 percent. Unemployment in Ireland now stands at 4.4 percent, near a historic low.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Augmented Analytics Drives Next Wave of AI, Machine Learning, BI
Jessica Davis, Senior Editor, Enterprise Apps,  3/19/2020
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Register for InformationWeek Newsletters
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll