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Intel Gets Go-Ahead For $4 Billion Chip Plant In Ireland
alancronin writes "Intel has been planning to make its Ireland base one of three global manufacturing sites for its 14nm chips since May last year, and its now been given the okay by Ireland's lead planning agency. The new $4 billion plant will create around 4,300 jobs for the region in Co. Kildare, where Intel already has around 4,000 on staff. The two-year plan involves redeveloping its existing operation, expanding and shifting to make its smaller, more efficient 14nm process. Intel's plans don't stop there, however. It still plans to roll out 10nm products sometime in 2015."
It comes at a cost - the Irish government is famous for encouraging huge foreign businesses to come in and set up to bring in thousands of jobs at a time at the expense of encouraging any sort of local entrepreneur. As a result, there are quite a few towns where a disproportionate number of jobs depend not just on a specific industry, but on a specific company within that industry.
When that company leaves for even cheaper pastures, the town's in trouble.
Wanna bet they'll still shift the profit to Cayman island and the only tax the Irish will collect is the income tax of the employees?
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