Intel announces $5.7 billion AI-driven capital investment in Ireland

Leixlip, Ireland: Intel has begun a €5 billion ($5.7 billion) capital investment to upgrade its Irish campus and expand its European output to meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on ‌Monday. Intel said ⁠the ⁠move would upgrade and maximize capacity at its facility in Leixlip outside Dublin that produces Intel 3 silicon wafers, which the company says is the most advanced semiconductor manufacturing facility of its kind in Europe.

It will also link the facility to other factories at the campus, Intel’s European manufacturing base, as well as advance research and development and retrain staff, Naga Chandrasekaran, executive vice president of ⁠Intel Foundry, ‌said.