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Intel announces $500m Leixlip upgrade

Intel - $500m upgrade of facilities
Intel - $500m upgrade of facilities

Intel has announced it is to begin a $500m upgrade of its facilities at its Leixlip campus with the creation of 850 construction jobs.

The company will also be creating an additional 200 jobs at the campus as a result of the upgrade.

On Thursday, Intel posted record revenues for 2010 of over $43bn.

IDA Ireland CEO Barry O'Leary welcomed the announcement, saying it was ‘an enormous vote of confidence and endorsement of Ireland as a competitive location for global investment’.

The project is expected to take two years to complete.