Intel To Invest Up To $2 Billion For Future Manufacturing Capabilities

May 20, 2004

Investment to Add Additional Cleanroom and Enable 65 Nanometer Process
SANTA CLARA, Calif., May 19, 2004 - Under an agreement with the Irish Development Authority (IDA), Intel Corporation today disclosed plans for an additional $2 billion investment in its facilities in Ireland. The company plans to make this investment to enable 65 nanometer (nm) process technology and build Fab 24-2 on the Ireland campus.

The investment will add an additional 60,000 square feet of manufacturing cleanroom space plus the necessary manufacturing equipment to enable the latest 65nm technology within both Fab 24-2 and existing Fab 24 facilities. Production for the new module is expected to begin the first half of 2006.

"We are about to begin production in Fab 24, our newest 300mm manufacturing facility," said Bob Baker, senior vice president, Technology Manufacturing Group. "This additional investment in the factory will help ensure that we have leading-edge manufacturing capacity to meet customer needs in 2006. The performance of our workforce in Ireland and our relationship with the government helped make this investment decision possible."

Under terms of an agreement with the IDA, Intel will receive grants and other potential incentives as it continues to invest in Ireland. Intel's 2004 capital expenditure forecast range of $3.6 billion to $4 billion will accommodate the spending for the early stages of this project.

Since 1989 Intel has invested approximately $6 billion in its Ireland operations. Approximately 4,700 Intel employees and contractors work at the Ireland site, mostly in Leixlip. This campus includes Irish Fab Operations (Fab10 and Fab14) along with the newly built Fab 24. The company also operates a circuit design center focused on communications products in Shannon.

Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.

* Intel is a registered trademark of Intel Corporation or its subsidiaries in the United States and other countries.

* Other names and brands may be claimed as the property of others.

Explore further: Why the Sony hack isn't big news in Japan

add to favorites email to friend print save as pdf

Related Stories

Taking great ideas from the lab to the fab

Jul 31, 2014

A "valley of death" is well-known to entrepreneurs—the lull between government funding for research and industry support for prototypes and products. To confront this problem, in 2013 the National Science ...

Researchers speculate on computers of the future

May 28, 2014

Computing experts at Sandia National Laboratories have launched an effort to help discover what computers of the future might look like, from next-generation supercomputers to systems that learn on their ...

Uh-oh, Intel. Globalfoundries to fast-forward into 14nm

Sep 24, 2012

(Phys.org)—Globalfoundries has made an announcement that amounts to a direct challenge to Intel, in the latter's race to get further ahead in the mobile device ecosystem. Both Globalfoundries and Intel ...

Recommended for you

Why the Sony hack isn't big news in Japan

1 hour ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Off-world manufacturing is a go with space printer

5 hours ago

On Friday, the BBC reported on a NASA email exchange with a space station which involved astronauts on the International Space Station using their 3-D printer to make a wrench from instructions sent up in ...

Cadillac CT6 will get streaming video mirror

6 hours ago

Cadillac said Thursday it will add high resolution streaming video to the function of a rearview mirror, so that the driver's vision and safety can be enhanced. The technology will debut on the 2016 Cadillac ...

Sony faces 4th ex-employee lawsuit over hack

6 hours ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.