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Government may provide support to Intel for new plant

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The Minister for Finance Michael McGrath has hinted that the Government could provide financial support to micro-chip giant Intel amid reports that the company is to set up a new plant in Ireland.

The Wall Street Journal has reported that Intel was in advanced negotiations with Apollo Global Management , a US asset management company, for funding worth more than $11 billion to help it build a new plant in Ireland.

"But the Irish Government has been kept abreast of developments and Intel is a very important partner of IDA Ireland and the Irish Government," he added.

Source: News Formal (newsformal.com)

Business Science And Technology Technology Intel Michael Mcgrath Apollo Global Management

 

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