Chip manufacturer received a further €2.5m in IDA supports as Irish-based staff await details of early retirement and voluntary redundancy scheme
Intel , the beleaguered American semiconductor maker, received an extra €2.5 million from IDA Ireland this year as part of a big aid package for companies whose energy bills spiked after the Russian invasion of Ukraine.
As part of the scheme, funds could be applied for by companies from Enterprise Ireland, Údarás na Gaeltachta, the Local Enterprise Offices and IDA Ireland.Ulster Bank wipes out customers’ credit card bills as it exits RepublicIndividual recipients of support were limited to a maximum total of €50 million, according to the details of the scheme, which ended in December, 2023.
Intel’s most recent annual report shows it recognised a total of $645 million worth of grants and refundable tax credits from countries outside the US, the majority of which “related to the expansion of silicon wafer manufacturing facilities in Ireland”. Intel operates an enormous manufacturing facility in Leixlip, Co Kildare, and employs more than 5,000 people in Ireland.
The proposed class action against Intel, chief executive Patrick Gelsinger and chief financial officer David Zinsner was filed in San Francisco federal court.
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