DUBLIN — Plans by Intel Corp. to greatly expand
its advanced chip manufacturing capacity will add 1,600 jobs at its Irish
plant, one of the largest ever single job announcements by a multinational
company in Ireland.
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New Intel chief executive Pat Gelsinger announced a major
investment plan on Tuesday, seeking to tilt a technological balance of power
back to the US and Europe.
A $7 billion investment in Ireland and Europe will more than
double its available manufacturing space there, Intel's Irish general manager
Eamonn Sinnott said. It currently employs 5,000 people in Ireland, mostly at
its Leixlip campus located about 20km from central Dublin, making up half of
its European workforce.
Sinnott said there will also be additional opportunities for
investment in Europe as part of global plans to embrace the "foundry"
business, where chip manufacturers open factories to outside customers. Intel
has historically been a minor player in that area.
Irish Prime Minister Micheál Martin said the announcement
was very welcome news as the government seeks to get people back to work and
rebuild the economy.
Ireland has been under a strict lockdown since late
December, which is set to be unwound over the coming months. The unemployment
rate, including those receiving temporary COVID-19 jobless benefits, stood at
24.8 percent last month.