Intel to invest €5bn in Leixlip campus on next-generation chips to power AI
Intel is investing €5 billion into its Leixlip campus in Ireland to upgrade manufacturing facilities for next-generation AI chips. The investment aims to bolster Intel's 'Intel 3' technology production and strengthen the European chip supply chain.
Why it matters
This investment is a major boost for the European semiconductor industry and highlights the global race to secure AI-capable hardware manufacturing.
Intel is to invest €5 billion in its Irish operations, creating hundreds of high-tech jobs at its Leixlip campus as the company latches on to demand for next-generation chips to power artificial intelligence (AI) .
The investment, which is roughly 30 per cent of the company’s entire capital expenditure for the year, will be used to upgrade its advanced manufacturing capabilities. This will include existing fabrication facilities, the installation of new equipment and the upskilling of staff at the campus.
While Intel did not put an exact figure on how many jobs would be created as a result of the investment, its chief technology and operations officer and general manager for Intel Foundry, Naga Chandrasekaran, said hundreds of highly skilled roles would follow, along with thousands of construction and trade-related jobs.
“Ireland has been a really strong base for Intel for almost 35 years,” he said.
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