Don’t take US FDI for granted, says Intel chief

An increase in R&D spending and a greater focus on improving the talent pool need to be the main focus areas relating to the maintenance of Ireland’s competitiveness this year, according to the main representative body for US firms based here.

At his unveiling as this year’s president of the American Chamber of Commerce Ireland, Intel Ireland general manager, Eamonn Sinnott warned against taking inward US investment for granted, adding that international competition for US foreign spend is “fierce, and growing all the time”.

“Continued US investment into Ireland is a key contributor to the success of the Irish economy into the future,” Mr Sinnott said yesterday, also noting that “Ireland needs to be on top of its game in order to win new business”.