Intel R&D centre reports 18% profits hike to €3.1m

PRE-tax profits at the R&D arm of chip giant Intel last year increased by 18% to $4.2 million (€3.1m).

Last year, Intel Shannon Ltd announced a €50m investment at its research plant, involving the creation of 134 & research and development jobs developing “the most advanced silicon technology on the planet.”

The investment in the development of Intel’s nanotechnology capability will bring employment numbers to 300 before the end of 2012 at the company’s Irish Design Centre in the Shannon Free Zone.