From left: Intel's Naga Chandrasekaran and Taoiseach Micheál Martin, TD. Image: Julien Behal Photography

The investment is also expected to generate additional full-time employment for highly specialised professionals.

Multinational technology company Intel has today (13 July) announced a major investment in its Kildare facility. As part of the organisation’s continued investment in Ireland’s research sector, Intel intends to spend €5bn on its Leixlip campus.

Minister for Further and Higher Education, Research, Innovation and Science James Lawless, TD said the investment will enable Intel to build its Xeon 6 semiconductor chips, bolster Europe’s tech sovereignty, protect European manufacturing from geopolitical risk and ensure advanced manufacturing capacity in Ireland.

“It is a huge vote of confidence in Ireland’s research sector and re-affirms the strong relationship between Intel and Leixlip,” he added.