Race for Ireland to secure Intel $80bn investment hots up after EU warning

Intel's decision will be the first major test of Ireland's ability to attract FDI after signing up to minimum corporate tax accord

Competition commissioner Margrethe Vestager warned that governments of EU members must not fall prey to chipmakers playing them off against each other. Picture: Sam Boal

The race to secure an $80bn (€70bn) foreign direct investment project from chipmaker Intel, potentially involving up to 10,000 jobs for Ireland, is hotting up as the EU has warned off governments over offering inducements. 

Chipmakers may play governments off “against each other” for subsidies to fix semiconductor shortages, the EU competition chief Margrethe Vestager warned in a speech in Leuven in Belgium.