News Article
Intel provides the Irish with some luck
Half a billion dollarsfor upgrade at Lexlip
The Irish government has announced that Intel it will begin work on a $500million upgrade on Fab 14 plant in Leixlip.
Irish Prime Minister, Brian Cowen said the investment will support 850 construction jobs as well as 200 new high skilled employees and called the announcement by the US company a 'watershed moment' for Intel's relationship with Ireland.
"Intel's investment demonstrates that Ireland remains a competitive location for advanced manufacturing," Cowen said. "This is a cornerstone of the smart economy strategy which recognises that manufacturing will play a fundamental part in our economic future. We are also investing in R&D and innovation to ensure that major international companies like Intel continue to create jobs in Ireland."
The investment is part of Intel’s announced capital expenditure of around $9 Billion after recording the best quarter revenue performance.
The news has been welcomed widely in the country as Intel is one of Ireland’s biggest employers and there has been a great deal of uncertainty about Intel’s role in the country after EU regulations saw the hoped for 300mm fab end up in Israel.
Irish Prime Minister, Brian Cowen said the investment will support 850 construction jobs as well as 200 new high skilled employees and called the announcement by the US company a 'watershed moment' for Intel's relationship with Ireland.
"Intel's investment demonstrates that Ireland remains a competitive location for advanced manufacturing," Cowen said. "This is a cornerstone of the smart economy strategy which recognises that manufacturing will play a fundamental part in our economic future. We are also investing in R&D and innovation to ensure that major international companies like Intel continue to create jobs in Ireland."
The investment is part of Intel’s announced capital expenditure of around $9 Billion after recording the best quarter revenue performance.
The news has been welcomed widely in the country as Intel is one of Ireland’s biggest employers and there has been a great deal of uncertainty about Intel’s role in the country after EU regulations saw the hoped for 300mm fab end up in Israel.
