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: Intel To Invest $345 Million At Two U.S. Manufacturing Sites

Related Stories

Intel To Invest $345 Million At Two U.S. Manufacturing Sites

September 15, 2005

Intel Corporation today announced plans to invest $345 million in two of the company's existing manufacturing sites in Colorado and Massachusetts. The investments will be used to increase the capacity of the wafer fabrications ...

Intel To Build New 300 mm Wafer Factory In Arizona

July 25, 2005

Intel Corporation today announced plans to build a new 300-mm wafer fabrication facility at its site in Chandler, Ariz. The new factory, designated Fab 32, will begin production of leading-edge microprocessors in the second ...

Recommended for you

Mars rover Opportunity on walkabout near rim

June 23, 2017

NASA's senior Mars rover, Opportunity, is examining rocks at the edge of Endeavour Crater for signs that they may have been either transported by a flood or eroded in place by wind.

Google to stop scanning Gmail for ad targeting

June 23, 2017

Google said Friday it would stop scanning the contents of Gmail users' inboxes for ad targeting, moving to end a practice that has fueled privacy concerns since the free email service was launched.

Making ferromagnets stronger by adding non-magnetic elements

June 23, 2017

Researchers at the U.S. Department of Energy's Ames Laboratory discovered that they could functionalize magnetic materials through a thoroughly unlikely method, by adding amounts of the virtually non-magnetic element scandium ...

0 comments

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.