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IDA Ireland welcomes Intel's $500m upgrade of Leixlip plant

15/01/11

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High end manufacturing will continue as a key strategic feature of Ireland’s economy, and capital investment of this scale with the associated investment in training and up-skilling is what will truly transform the Irish economy

CEO, IDA Ireland, Barry O'Leary

Saturday 15th January 2011 - IDA Ireland CEO, Barry O’Leary, speaking during an IDA marketing initiative in California earlier today, was delighted to welcome this weekend’s decision from Intel to begin a substantial new $500 million construction project at its Leixlip technology campus. Intel Corporation, on Thursday, posted record revenues for 2010 of over $43 billion and forecasts continuing growth in worldwide demand for Intel’s products and services in 2011. This infrastructure project  will create a further 850 construction jobs on the Leixlip campus. The company will also be creating 200 new high level jobs on the Leixlip campus as a result of this technology upgrade.
 
Mr O’Leary said “ The fact that a global leader such as Intel, which has already invested close to $7bn in Ireland, has chosen to invest a further $500m here is an enormous vote of confidence and endorsement  of Ireland as a competitive location for global investment. Intel is a bell-weather company and this is a significant strategic investment for Ireland. Given that the initial impact over the next two years will result in over 1,000 jobs between construction, contract and full time employment it is immensely positive news”. 
 
"High end manufacturing will continue as a key strategic feature of Ireland’s economy, and capital investment of this scale with the associated investment in training and up-skilling is what will truly transform the Irish economy” and he added “ Not only do I welcome this wonderful news but I sincerely congratulate Intel Ireland General Manager, Eamonn Sinnott and his management team in Leixlip for securing such a large investment in the current economic climate and I wish both them and all the employees every success in the future."

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