EU may probe €170m Intel cash injection

THE EU’s competition commissioner has called for an investigation into the Government’s plan to give the multinational Intel €170 million of taxpayers’ money.

Competition Commissioner Neelie Kroes said the deal appears illegal and should be fully investigated by the commission.

Work is underway on the €1.6 billion plant in Leixlip, which will allow Intel to become the first company in the world to mass-produce cutting-edge 65 nanometer microprocessors for computers by 2006.