Intel Commits €5 Billion To Ireland, One Year After Ditching Germany
The money upgrades Leixlip's fabs to build Xeon 6 and next-gen chips on the Intel 3 node, securing 4,900 existing jobs.
- Ireland has taken more than €30 billion in Intel investment since 1989, per the company.
- Naga Chandrasekaran, Intel's CTO, calls the outlay "a definitive commitment to maximize capacity."
- Germany's abandoned Magdeburg plant was budgeted at €30 billion, six times this Irish sum.
Why it matters: A company does not owe any government its factory; it owes its shareholders the cheapest reliable capacity.
Intel Newsroom press release ↗ · Jul 13, 20267/13/26 · ✓ Checked✓ Check