Investment by Intel in Leixlip tops $5bn

Over the last three years, Intel has invested €3.64bn ($5bn) upgrading its fabrication centres in Leixlip while supporting a workforce equal to the population of Youghal.

Investment  by Intel in Leixlip tops $5bn

Intel Ireland general manager Eamonn Sinnott said: “It is hard to get your head around figures on this scale. We commissioned a PwC report to help us understand the economic impact of the investment. On average, Intel contributed €880m every year to the Irish economy and supported more than 7,000 jobs, which is more than all of Youghal,” he said.

The company was marking the 25th anniversary since it first met with the IDA. Its investments, Intel said, had secured the future of more than 5,200 people who work in Intel-owned companies in Kildare, Shannon, Belfast, and Cork.

Mr Sinnott said the site in Leixlip, Co Kildare, is now the envy of every developed economy in the world and that the investment had bought the facilities up to a point where they can fabricate Intel’s processors for the foreseeable future.

The investment in Leixlip has turned the site into a global leading fabrication facility that will be capable of producing cutting-edge technology for computers, phones, tablets, and the emerging internet of things for another 25 years.

Richard Bruton, the jobs minister, paid tribute to Intel, describing the company as being a key component of Ireland’s foreign direct investment ecosystem.

“Intel is a huge part of Ireland’s FDI landscape. It was a major win 25 years ago when the company first decided to locate operations here and it has made a massive contribution to the Irish economy in the years since then,” Mr Bruton said.

“The confirmation that it has invested $5bn and is employing 5,000 people in construction as part of its latest project shows just how important it is for Ireland. We look forward to working with Intel in future years to continue to develop and strengthen its hugely important business here,” he said.

Although many multinationals have said there is a shortage of qualified science, technology, engineering, and maths graduates in Ireland, Mr Sinnott said Intel had been more than satisfied with the quality on display.

“We are not looking for thousands of graduates at the moment but we certainly are hiring regularly and there are enough graduates to service our needs,” he said.

Mr Sinnott declared that the likes of the Tyndall National Institute, part of University College Cork, and Crann in Trinity College Dublin, are vital in the company’s battle to maintain Moore’s law; that processor speeds and power for computers will double every two years.

“When you think about it, Intel is trying to double performance every two years at no extra cost. Key to this is research into new material and novel materials. We have had 25 years of a research relationship with UCD and Trinity. They are now connected with Intel global research and the propagation of Moore’s law,” he said.

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