Semiconductor giant Intel is seeking to raise $2bn (€1.86bn) in equity to fund a new semiconductor fabrication facility in Ireland, according to a report by Bloomberg citing people with knowledge of the matter. The company currently employs over 4,500 people at its manufacturing sites at Leixlip, which includes a semiconductor wafer fabrication facility, and around 300 at its research and development facility in Shannon. Sources claim the chipmaker is working with an adviser, and has begun soliciting interest from potential investors.
In October 2023, the company began producing Intel 4 chips at its Leixlip facility known as Fab 34. The company said that the arrival of this new capability “ushers in the future for products like upcoming Intel Core Ultra processors (code-named Meteor Lake), which will pave the way for AI-based PCs, as well as future-generation Intel Xeon processors in 2024 and produced on the Intel 3 process node.”
