Intel to invest €12bn in expanding Irish operation | Business Post

Pat Gelsinger, the chief executive at Intel, pictured left with Micheál Martin, the Taoiseach, said the investment would create a ‘world-class chip ecosystem’ that spans all of Europe. Picture: Marc O’Sullivan

Intel is to invest a further €12 billion in expanding its operations in Ireland as part of an ambitious €80 billion EU-wide semiconductor investment package over the next decade. The US chipmaker made the announcement today as it confirmed that the centrepiece €17 billion investment Ireland had been in the running for would go instead to Magdeburg in Germany.

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