Profits up 10% at Intel’s Shannon arm

Pre-tax profits at the Shannon, Co Clare-based R&D arm of chip giant Intel increased by 10% to $5.4m (€4m) in 2011, according to newly filed accounts for the company.

Researchers at Intel’s ‘Irish Design Centre’ are engaged in developing the most advanced silicon technology on the planet and new figures show that revenues at the firm increased by 9.5% to €59.3m in 2011.

The accounts also show that the numbers employed at the firm increased from 212 to 217, with 173 engaged in R&D.