Intel’s Irish R&D unit’s profits drop 24% to €3m

Pre-tax profits at chip giant Intel’s Irish R&D arm last year declined by 24% from $5.4m to $4.1m (€3m).

This followed revenues at Intel Shannon Ltd declining by 5% from $59.3m to $56.5m in the 12 months to the end of Dec 29 last.

Researchers at Intel’s ‘Irish Design Centre’ in Shannon are engaged in developing the most advanced silicon technology on the planet and new figures show the 213 staff shared $22.4m in pay or $105,352 (€79,482) each on average.