After all the bad news we've heard about the tech industry this week, here's a snip of positive news coming from Intel. EE Times reports the chip giant is investing over $50 million in a major expansion at its Shannon Free Zone R&D facility in Co. Clare, Ireland. Over the next four years Intel will hire 134 new employees, bringing the total employment at the site to about 300.
Earlier this week Intel Corp. local reports said the company was looking to make between 200 and 300 workers redundant at its Leixlip wafer fab complex near Dublin.
The Intel investment will involve two separate R&D projects.
The first is a new hardware project involving advanced 32nm silicon design and validation, which aims to enable the next generation of products and provide small to medium sized businesses with a combination of improved performance, power efficiency, footprint savings and cost effectiveness. It will deliver a new chip with a significantly improved design for embedded applications.
The second project is a software development project, extending Intel QuickAssist Technology, to address price and power consumption constraints mainly for automotive and security sectors.