IDA in talks with Intel over €70bn investment

IDA Ireland chief executive Martin Shanahan: Intel is a hugely important investor for Ireland.

The IDA is in talks with computer chip-maker Intel in a bid to land an  $80bn (€70bn) investment, which would be the largest single spend in the State by any foreign multinational and could create up to 10,000 jobs over 10 years.

Intel is planning to invest in a mega semiconductor chip fabrication plant in Europe, with Ireland one of the potential locations being considered. The investment would see the company ramp up production of chips, the shortage of which has hit manufacturing of everything from cars and computers, to smartphones, televisions and smart watches.