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Intel chooses Germany to set up the factory but they will invest billions of dollars here and commit decades in Ireland

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INTEL will create 1,600 new jobs with an additional €12 billion investment in its latest manufacturing plant in Kildare.

his move will bring the tech giant’s employment in Ireland to 6,500 and its total investment here to 30 billion euros, with the company’s global chief operations officer telling Irish independence that Intel will be in Ireland for “decades to come.”

“This is the clearest evidence yet of Intel’s deep commitment to Ireland,” said Intel General Manager Ireland, Eamonn Sinnott.

“In March last year, we confirmed that 5 billion euros had been invested in its construction between 2019 and 2021. Our CEO Pat Gelsinger confirmed that another 12 billion euros would be invested in Fab 34 [manufacturing plant] between now and the end of 2023. This brings our total investment in Fab 34 to €17 billion and our total investment in Ireland to more than €30 billion.”

Mr. Sinnott said that more than 5,000 jobs have been created in the Fab 34 project in the past three years.

Talk to Irish independenceIntel’s director of global operations, Keyvan Esfarjani, said that Intel intends to stay in Ireland for “decades”.

“This will be an investment for decades,” he said. “We will continue to use [the Kildare base] and [in future] converting existing operations to other uses for the company”.

The move by Intel is part of an overall €33 billion investment in Intel’s European facilities, the largest of which will be a new €17 billion facility in Germany. The new Magdeburg Semiconductor Plant is the result of Intel’s Europe-wide search for its biggest new investment on the continent. Ireland had hoped to win the project, but Germany won the investment based on its infrastructure and superior market position.

Asked if Ireland would be disappointed not to receive the nod for the new superfactory, Mr Esfarjani told the Irish Independent the choice was not linked to any perceived setbacks. in Irish capacity.

“I can say that Ireland has received a significant portion of Intel’s investment and we continue to invest in Ireland,” he said.

“So the takeaway shouldn’t be that Ireland missed something or just did something wrong. If anything, it is quite the opposite. But if you look at our operations around the world, we basically have a multifaceted manufacturing presence.

“We are not trying to continue to build our footprint in any particular region or country. I would like to reiterate that we have a very, very good relationship with the Irish government and we will continue to be committed. there will be more projects done in the future.”

Intel also announced plans to invest billions of dollars more across Italy, Poland and France.

“Overall, we envision investing up to 80 billion euros in the EU over the next decade along the entire semiconductor value chain from research and development to advanced chip design and packaging,” said Mr. progress to casting production and service.

“Our goal is to have 20pc of world IC production in Europe by 2030.”

https://www.independent.ie/business/intel-picks-germany-for-plant-but-it-is-to-invest-billions-here-and-pledged-decades-in-ireland-41454759.html Intel chooses Germany to set up the factory but they will invest billions of dollars here and commit decades in Ireland

Fry Electronics Team

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