Announcement a testament to strength of Intel’s and Ireland’s business model

Ibec, the group that represents Irish business, has welcomed the announcement from Intel committing an additional $7bn of investment to its existing stock of over $15bn since the setup of its world class sophisticated manufacturing facilities in Ireland.  

Ibec Director of Membership and Sectors Sharon Higgins stated: “Since its arrival to Ireland in 1989, Intel has consistently signalled its confidence in the depth and substance of the Irish business model. Its ongoing investment over the past 30 years has played a significant role in catalysing the advanced, dynamic business model that underpins our domestic economy.  

“The announcement from Intel today will ensure that the manufacturing sector in Ireland continues to grow from strength to strength. Ireland was the only country in Europe where manufactured exports grew in 2020, despite the Covid crisis. Indeed, Ireland is only 1% of the EU’s population but accounts for 5% of its manufactured goods exports to the broader world.”