Intel Invests $5billion in preparing for latest technology; Over 5,000 construction workers currently involved in project
The investment to date of over $5 billion represents the largest private investment in the history of the Irish State.
March 27th – THE Minister for Jobs Richard Bruton and IDA Ireland today welcomed Intel’s significant contribution to the Irish economy, including preparing its Leixlip site for the next wave of technology, by investing $5bn and employing 5,000 construction works on site.
Since IDA first met with the company 1989, the company has expanded its Irish operations to over 5,200 people working in Intel owned companies across the island of Ireland in Kildare, Shannon, Belfast and Cork.
The company today relesed details on the scale of its investment at its Leixlip facility in Co Kildare, including a spend of $5bn investment on an ongoing construction upgrade, which is employing 5,000 jobs additional workers.
At this Leixlip site, the Irish management and employees have continued to grow their role in Intel’s worldwide business for over 25 years – winning new projects for Ireland and, in the process, developing some of the most advanced manufacturing facilities anywhere in the world.
This investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, said: “Intel is a huge part of Ireland’s FDI landscape. It was a major win 25 years ago when the company first decided to locate operations here and it has made a massive contribution to the Irish economy in the years since then. Today’s confirmation that it has invested $5billion and is employing 5000 people in construction as part of its latest project shows just how important it is for Ireland. We look forward to working with Intel in future years to continue to develop and strengthen its hugely important business here.”
Commenting on the facility and Intel’s operations in Ireland, IDA Ireland Chief Executive Barry O’Leary said: “Intel is behind the biggest investment in the history of the State at Leixlip and the scale of its operations there continue to develop. The future is bright for the company and the facility, and it is in a strong position to take on future capacity in the years ahead, helping to underpin the existing operations, which employ 4,500 people.”
One of the major developments of note in recent years has been the transition of the Intel’s operations in Ireland from that of pure manufacturing into the areas of research and development (R&D).
IDA Ireland has been working with many of its client companies to take advantage of the talent available in Ireland and replicate what has occurred at INTEL by expanding their R&D capacity.
The fact that Intel continue to invest in their Irish site bodes well for the future of the company here in Ireland. Last year for instance Intel and IDA announced both organisations had collaborated on a new Intel Galileo development board, which was the first Intel product developed and designed from inception in Ireland.
Intel could not have achieved this level of growth in Ireland without an exceptional workforce. A workforce willing to adapt to new ideas and processes and technologies. They have constantly embraced change and this has kept the Irish operations at the centre of Intel’s global operations.
This press release is taken from the IDA Ireland website and first appeared on 27/3/14: