Intel investment plans hand Ireland major jobs boost

Plans by Intel Corp to greatly expand its advanced chip manufacturing capacity will add 1,600 jobs at its Irish plant, one of the largest ever single job announcements by a multinational company in Ireland.

New Intel chief executive Pat Gelsinger announced a major investment plan on Tuesday, seeking to tilt a technological balance of power back to the United States and Europe.A US$7 billion investment in Ireland and Europe will more than double its available manufacturing space there, Intel's Irish general manager Eamonn Sinnott said. It currently employs 5,000 people in Ireland, mostly at its Leixlip campus located about 20km from central Dublin, making up half of its European workforce.

Irish Prime Minister Micheál Martin said the announcement was very welcome news as the government seeks to get people back to work and rebuild the economy from the COVID-19 crisis.

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