Intel has announced that it is to invest $500 million on the revival of the firm's Irish manufacturing plant, called Fab 14, which had closed in 2009.
The move will re-create 200 long term highly skilled jobs in Leixlip, Ireland, when the two year construction phase is complete. Intel already operates two silicon wafer fabrication plans in Ireland and the move to recommission Fab 14 will bring the number to three.
The Irish plan had been involved in older 90 and 65nm fabrication technology but the firm is planning to move to smaller more modern technologies following the initial investment at Leixlip.
Intel's investment follows a record $11.5 billion quarter which was the firm's best ever financial performance.
The creation of 850 construction jobs has been widely welcomed in Ireland as a much-needed boost to the fragile Irish economy.