Ireland and Israel compete for €3.4bn Intel investment

IRELAND and Israel are engaged in an intense and extremely sensitive battle to win a €3.4 billion Intel Corporation investment to build a cutting edge computer chip manufacturing facility with the capability of creating 1,300 jobs.

Indications from Tel Aviv suggest that the Israeli government feel they are fighting a rearguard action to win the project in the face of tough competition from Ireland.

Irish authorities have not confirmed that talks are ongoing to secure the deal for Intel’s Leixlip campus, where the company already employs more than 4,000 people.