Progress Confirmed on Intel’s €3.5billion ($5b) campus upgrade
An Taoiseach, Tanaiste, the Minister for Jobs, Enterprise and Innovation and Intel President visit Leixlip to confirm the progress of Intel’s $5 billion campus upgrade, the largest private investment in the history of the Irish State.
The company today released details on the scale of its investment at its Leixlip facility in Co Kildare, including a spend of $5bn investment on an ongoing construction upgrade, which is employing 5,000 additional workers.
At this Leixlip site, the Irish management and employees have continued to grow their role in Intel’s worldwide business for over 25 years – winning new projects for Ireland and, in the process, developing some of the most advanced manufacturing facilities anywhere in the world.
On the occasion of the company’s 25th anniversary in Ireland Intel and the Irish government today issued a joint statement. The Statement reads;
Intel is proud of its longstanding productive and strategically important relationship with Ireland. The contributions of Intel’s Irish employees to the company are well known and appreciated throughout Intel.
We are therefore pleased to provide an update on the ongoing construction upgrade project at the Intel campus in Leixlip. The project reflects a significant investment by Intel over the past three years starting with an initial $500 million investment announced in early 2011 and growing to a total of $5 billion invested in the upgrade project to date. This project is a demonstration of Intel’s continuing commitment to its European manufacturing base in Ireland and underpins the 4,500 existing jobs at the Leixlip campus. In addition, the project has created 5,000 additional indirect jobs in the planning and construction of the upgrade project. This investment brings the overall capital investment to a total of $12.5 billion invested in Intel Ireland over the past 25 years. As a result of this project the Intel Ireland site will become a high volume site for Intel’s latest leading edge manufacturing process beginning in 2015.
The Irish Government is delighted to join with Intel on the occasion of their 25th anniversary to welcome the latest news of their ongoing upgrade project here in Leixlip. The investment to date of over $5.0 billion represents the largest private investment in the history of the Irish State. At a time of continuing high unemployment in Ireland, the creation of 5,000 additional, indirect jobs through the construction phase, along with the underpinning of the 4,500 existing jobs at the Leixlip facility is a huge boost not just to this region but to the entire Irish economy, and particularly to the construction sector.
The Government would like to acknowledge the massive contribution of Intel to Ireland over the last 25 years, both in economic terms and in terms of raising the expectation for industrial development in Ireland.
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 $5 billion 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.”
An Tanaiste Eamon Gilmore said “I would like to congratulate the management and staff of Intel Ireland on the announcement today of the $5 billion 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 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.”
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 $5.0 billion 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”.
Speaking at the event Eamonn Sinnott, General Manager of Intel in Ireland added, “With this latest investment in the Intel Ireland facilities, the cumulative capital investment by Intel in Ireland has risen to $12.5 billion. I am incredibly proud of all the Intel Ireland employees, who have shown great flexibility, capability and dedication to make this incredible achievement possible”.