Intel to Advance Chip Manufacturing with €5bn Kildare Investment
The project will upgrade existing fabrication sites and add leading-edge equipment as Intel targets higher output of Xeon 6 processors and AI-related demand.
- On Monday, Intel announced a €5 billion capital investment at its Leixlip campus in Ireland to expand manufacturing output and meet growing global demand for AI and high-performance computing.
- After struggling in AI chip competition, Intel staged a major turnaround over the past year by capitalizing on renewed demand for its data centre processors and CPUs, now driving significant need for Intel 3 wafers.
- Executive Vice President Naga Chandrasekaran, Chief Technology and Operations Officer and General Manager of Intel Foundry, stated the investment 'represents a definitive commitment to maximize capacity' through upgrading existing facilities and installing cutting-edge tools to deliver Xeon 6 and next-generation Intel Xeon processors.
- Taoiseach Michel Martin called the investment a 'powerful vote of confidence in Ireland,' while IDA Ireland CEO Michael Lohan praised it for demonstrating 'the value of Ireland's skilled workforce, innovation ecosystem and stable business environment.'
- The expansion, begun earlier this year and targeting completion by end of 2027, follows Intel's April repurchase of full Fab 34 control for $14.2 billion; Chandrasekaran acknowledged rising electricity and construction costs as challenges while positioning Ireland as 'one of the very critical, pivotal parts' of Intel's network.
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57 Articles
The American chip manufacturer Intel is investing 5 billion euros in the expansion of its chip factory in Ireland. That extra capacity is needed to meet the…
Intel, a U.S. semiconductor company, announced on the 13th (local time) that it will invest 5 billion euros (approximately 8.48 trillion won) in its semiconductor plant, Fab 34, located in Rexlip, Ireland. Intel explained that through this investment, it plans to modernize Fab 34, expand production capacity, and strengthen its research and development (R&D) capabilities. Fab 34 is an alternative investment asset management facility that Intel pl…
(Seoul = Yonhap News) Reporter Joo Jong-guk = U.S. semiconductor company Intel is investing 5 billion euros (approximately 8.48 trillion won) in its semiconductor factory 'Fab 34' in Rexlip, Ireland...
The American chip manufacturer Intel is going to invest an additional 5 billion euros in Ireland to expand the production of advanced processors. The company aims to capitalize on the growing demand fueled by artificial intelligence (AI). The investment is intended to make Ireland ‘a leading European production center’.
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