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February 10, 1997updated 05 Sep 2016 12:39pm

INTEL PLANS NEW $1.5BN IRISH PLANT

By CBR Staff Writer

The head of Intel Ireland Ltd, Frank McCabe, told Reuters that locating in Ireland has proved very positive for the US company, and that the success of the 4,000-strong Irish plant was key to Intel’s decision to build a new $1.5bn fabrication facility at its Leixlip site. Intel Ireland is the world’s biggest supplier of Pentium chips and its investment in Ireland is the biggest by any multinational. He praised the ability to hire the best and the brightest of Ireland’s graduates in an environment conducive to agility, speed and flexibilty, adding that If you think of many places in continental Europe they have a very bureaucratic system, imposed perhaps by the government, on how things should operate which often results in companies not being able to move at the speed needed. Ireland also offers a special 10% corporation tax incentive which he said was a very important factor.

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