After months of riding positive vibes, the troubled chip maker reminded investors why it needed a rescue in the first place, write Sean McLain and Robbie Whelan, The Wall Street Journal.
The Dutch firm builds printing machines for making high-tech chips and serves Intel in Leixlip. It and companies like Applied Materials have built Irish bases that hinge on the US chipmaker.
A €30 billion fab could put Ireland on the semiconductor map — but with no diplomatic ties to Taiwan and fierce global competition, the Government's grand ambition to be a European semiconductor superpower is one of its most challenging strategic tests in recent times.
With job cuts looming and production underutilised, Intel’s Irish operations face mounting pressure amid global market decline and leadership reshuffles.
Intel’s new CEO Lip-Bu Tan said jobs cuts are coming and the rumoured figure is 20 per cent of headcount. Leixlip and its 5,000-strong workforce will surely be in the line of fire.
Since Intel opened its doors in Leixlip in the late 1980s, an ecosystem of international chip companies has bloomed in the country, booking significant revenue through Ireland.
Intel is one of the firms on which Ireland's FDI-driven economic model has been built upon. However, with its stock price under siege and rivals circling the US tech giant, what does the future hold in store for Intel's vast Irish operation?
ASML acknowledges that its Irish unit is primarily dependent upon sales to one customer, Intel, for its revenue. Despite Intel's troubles, this relationship is serving the Irish unit of the Dutch company well.
Killross Properties Ltd has brought High Court proceedings against the tech giant over concerns with plans to replace a roundabout in front of its Leixlip campus used by the developer to access its nearby land.
The short term woes of pharma companies mask a sector that is performing well, and performing well for Ireland.
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