LONDON Intel (Santa Clara, Calif.) is to invest over €50 million in a major expansion at its research and development facility in the Shannon Free Zone in Co. Clare, according to IDA Ireland.
The investment could grow Intel’s Shannon workforce by up to 134 new jobs over the next 4 years, bringing the total employment to approximately 300.
Earlier this week Intel Corp. local reports said the company was looking to make between 200 and 300 workers redundant at its Leixlip wafer fab complex near Dublin.
The Intel investment will involve two separate R&D projects.
The first is a new hardware project involving advanced 32nm silicon design and validation, which aims to enable the next generation of products and provide small to medium sized businesses with a combination of improved performance, power efficiency, footprint savings and cost effectiveness. It will deliver a new chip with a significantly improved design for embedded applications.
The second project is a software development project, extending Intel QuickAssist Technology, to address price and power consumption constraints mainly for automotive and security sectors.
The investment is the result of collaboration between Shannon Development and IDA Ireland. The Shannon Free Zone is managed by Shannon Development and 7,000 people are employed in over 100 companies.