Intel to invest up to US$2 billion in Irish facilities

Under an agreement with the Irish Development Authority (IDA), Intel Corp. Thursday disclosed plans for an additional US$2 billion investment in its facilities in Ireland.

The company plans to make this investment to enable 65nm process technology and build Fab 24-2 on its Irish campus.

The investment will add an additional 60,000 square feet of manufacturing clean room space, plus the necessary manufacturing equipment to enable the latest 65nm technology within both Fab 24-2 and existing Fab 24 facilities.

Production for the new module is expected to begin in the first half of 2006.

“We are about to begin production in Fab 24, our newest 300mm manufacturing facility,” says Bob Baker, senior vice-president, Technology Manufacturing Group.

“This additional investment in the factory will help ensure that we have manufacturing capacity to meet customer needs in 2006. The performance of our workforce in Ireland and our relationship with the government helped to make this investment decision possible.”

Under terms of an agreement with the IDA, Intel will receive grants and other potential incentives as it continues to invest in Ireland.

Intel’s 2004 capital expenditure forecast range of US$3.6 billion to US$4 billion will accommodate the spending for the early stages of this project.

Since 1989 Intel has invested approximately US$6 billion in its Irish operations. Approximately 4,700 Intel employees and contractors work at the Irish site, mostly in Leixlip.

This campus includes Irish Fab Operations (Fab10 and Fab14) along with the newly built Fab 24.

The company also operates a circuit design center focused on communications products in Shannon.

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