Business News

Intel invests $5bn in Ireland

By Business & Finance
27 March 2014
Intel in ireland
Eamonn Sinnott, general manager, Intel Ireland; Tanaiste Eamon Gilmore; Renée J. James, president, Intel Corporation; An Taoiseach Enda Kenny.

An Taoiseach, Tanaiste, the Minister for Jobs, Enterprise and Innovation and Intel president visit Leixlip to confirm the progress of Intel’s $5bn campus upgrade, the largest private investment in the history of the Irish State.

Speaking at a joint press event hosted at the Intel campus in Leixlip, An Taoiseach Enda Kenny TD said “I am delighted to join with Intel on the occasion of their 25th anniversary to welcome the latest news of their ongoing expansion here in Leixlip.

“The expansion, which began in 2011 has resulted in an investment in Ireland totalling $5bn to date and represents the largest private investment in Ireland in the history of the State.

“The Government’s top priority is to get Ireland working and I welcome that this investment will sustain 5,000 additional, indirect jobs through the completion of the construction phase in 2015 while securing the 4,500 existing jobs at the Leixlip facility into the medium-term.

“At a time of continuing high unemployment, this is a huge boost not just to the Greater Dublin Area but to the entire Irish economy, and particularly to the construction sector.

“I would like to acknowledge the massive contribution of Intel to Ireland, both in economic terms and for sending out a signal to the world of Ireland’s attractiveness as a place for big investment.”

Taoiseach Enda Kenny and Eamonn Sinnott in Leixlip this morning.

Taoiseach Enda Kenny and Eamonn Sinnott in Leixlip this morning.

An Tanaiste Eamon Gilmore said “I would like to congratulate the management and staff of Intel Ireland on the announcement today of the $5bn investment made in its operation in Leixlip.

“This significant investment is not only a vote of confidence in the talent and the performance of the team here, but also in Ireland, in its recovery, and in its future.

“As a Government, our number one priority is growing not just jobs, but good quality jobs, in our economy … Intel’s investment, the 5,000 indirect construction jobs it has generated, and 4,500 existing jobs it secures, is a concrete and positive contribution to that objective.”

The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD who was also in attendance, said “Intel is a globally iconic name that has invested in Ireland for 25 years now and over those years it has become truly embedded in both our economy and our society which is confirmed by the fact that there are more Intel “alumni” working elsewhere in the Irish economy than are currently based in Kildare.”

Tanaiste Eamon Gilmore; Taoiseach Enda Kenny; Intel president, Renée J. James; Minister Richard Bruton TD

Tanaiste Eamon Gilmore; Taoiseach Enda Kenny; Intel president, Renée J. James; Minister Richard Bruton TD

Intel President Renée James said:  “I would like to thank the Irish government for its outstanding business partnership with Intel over the past 25 years.

“The combination of the pro-business environment which the Irish government has created together with this investment of $5bn in Intel Ireland have resulted in the creation of a technology campus in Leixlip that is now readying itself to produce some of our most advanced products.”

Intel Infographic