IDA Ireland welcomes €50 Million investment in Intel R&D capability in Shannon

In our highly competitive and rapidly changing global markets, success is hard earned, establishing a high performing team with strong technical, managerial and leadership skills is critical to being able to build new products that lead in the marketplace. This makes a genuine contribution to the advancement of Ireland and of Ireland in Europe

Jim O’Hara (General Manager, Intel Ireland and Vice President Technology Manufacturing Group)

27/02/2009
Intel Ireland Limited
Major expansion could create 134 new jobs at Shannon Free Zone

Shannon, 27th February 2009 - IDA Ireland today welcomes the announcement that Intel will invest over €50 million in a major expansion at its Research and Development facility in the Shannon Free Zone in Co. Clare, with the support of Shannon Development. The investment could grow Intel’s Shannon workforce by up to 134 new jobs over the next 4 years, bringing the total employment to approximately 300.

The Intel investment will involve two separate R&D projects. The first is a new hardware project involving Advanced 32nm Silicon Design and Validation, which aims to enable the next generation of products and provide small to medium sized businesses with a combination of improved performance, power efficiency, footprint savings and cost effectiveness. It will deliver a new chip with a significantly improved design for embedded applications. The second project is a software development project, extending Intel® QuickAssist Technology, to address price and power consumption constraints while delivering compelling performance. When these software products come on stream they will have a range of benefits for industry segments such as automotive and security.

Winning this prestigious investment is the result of collaboration between Shannon Development and IDA Ireland. Barry O’Leary, Chief Executive, IDA Ireland said: “Securing this investment by a leading company like Intel is an endorsement of both the availability of talented people in Ireland and the ‘Team Ireland’ approach where the collaborative effort of state development agencies, local authorities and educational establishments results in winning new investments for Ireland and supports the strategy for balanced regional development.”

Jim O’Hara (General Manager, Intel Ireland and Vice President Technology Manufacturing Group) commenting on the expansion said: “In our highly competitive and rapidly changing global markets, success is hard earned, establishing a high performing team with strong technical, managerial and leadership skills is critical to being able to build new products that lead in the marketplace. This makes a genuine contribution to the advancement of Ireland and of Ireland in Europe”.

About Intel
Intel (NASDAQ: INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and blogs.intel.com.

About Shannon Free Zone
Managed by Shannon Development, the Shannon Free Zone is one of Ireland’s largest multi-sectoral business parks. Over 7,000 people are employed in over 100 companies in the Shannon Free Zone.

For further information please contact:

• Department of Enterprise, Trade and Employment – Roisin McCann, Press Office, Tel: 01- 6312200
• Intel - Brendan Cannon, Corporate Affairs Manager Ireland, ph. 086 822 2821
• Shannon Development - Frank Larkin mbl: 086-2070773, or Nandi O’Sullivan mbl: 086-2371510
• IDA Ireland – Trevor Holmes, Head of Corporate Communications, Tel: 01 6034023