Intel has announced a €5 billion investment to expand manufacturing output at its facility in Leixlip, County Kildare, Ireland.
The capital expenditure is designed to support the creation of several hundred new jobs and bolster the company's production capacity amid soaring demand for artificial intelligence chips.
Intel's commitment comes shortly after Nvidia announced a staggering $150 billion investment in Taiwan, a decision that triggered a broad rally in semiconductor stocks.
The move underscores the intensifying capital race in the semiconductor sector.
Intel's commitment comes shortly after Nvidia announced a staggering $150 billion investment in Taiwan, a decision that triggered a broad rally in semiconductor stocks.
Nvidia CEO Jensen Huang outlined plans for a new campus and a tenfold increase in annual spending, highlighting the scale of infrastructure required to meet AI workloads.
For Intel, the Irish expansion is a critical component of its turnaround strategy.
By increasing local manufacturing capabilities, the company aims to reduce reliance on external foundries and capture a larger share of the high-margin AI chip market.
The investment also strengthens Intel's position in Europe, where regulatory and geopolitical factors are increasingly influencing supply chain decisions.