The company stated that it will increase production capacity at its Irish facilities to manufacture Intel Xeon 6 processors and next-generation microchips used in data centers and high-performance data processing.
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This investment will expand existing production, boost research and development, and better utilize existing infrastructure, Intel said in a statement. The company added that this project will help strengthen the European semiconductor supply chain.
This announcement was made after Intel reported better-than-expected quarterly results in April. The company announced that first-quarter revenue reached $13.6 billion – 7% more than a year ago, as demand for artificial intelligence infrastructure remained strong.
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Facing growing pressure after losing ground in the artificial intelligence market, Intel aims to capitalize on the increasing demand for AI agents. The company says that wider deployment of such systems could increase demand for its CPU processors. These processors are used in many enterprise servers. Hopes are also placed on graphics processors (GPUs), which dominate AI training and are widely used in large data centers.
This investment will help Ireland become a “leading European manufacturing hub” and contribute to the EU’s efforts to strengthen technological sovereignty by ensuring a more resilient supply of advanced processors in the domestic market, Intel said.
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