TechFlow news, July 13, Intel (INTC.O) will invest 5 billion euros (approximately 5.7 billion U.S. dollars) to expand its factory in Ireland, attempting to regain dominance in the manufacturing sector amidst the artificial intelligence boom.
Intel said in a statement that this investment will expand capacity at its Leixlip campus outside Dublin, as part of the company's plan to increase data center processor output. The expansion project will boost production capabilities for products including the flagship Xeon server processors, while advancing R&D activities.
Intel Executive Vice President Naga Chandrasekaran said in a statement that this move is also part of the plan to improve customer delivery capabilities for Intel's foundry business. Intel's foundry business primarily produces chips for other technology companies and is a key component of the company's revitalization strategy, aiming to strengthen competition with rivals such as TSMC. (Jin10)
