Feeds

Intel delays $2bn Irish fab upgrade

Didn't Craig Barrett say this was a bad idea?

  • alert
  • submit to reddit

Intel has pulled the plug on the $2 billion expansion of its Leixlip, Ireland plant - for now at least.

Chipzilla blames the sharp downturn in the semiconductor market for the decision, which will see a roster of 1500 construction and operational staff cut to between 50 and 100 people.

The Leixlip plant, known as by Intel as Fab 24, was being upgraded and extended to produce next-generation 300mm wafers. It was due to go on stream at the tail end of this year, but will now not start churning out wafers until 2003.

Intel Ireland spokesman Bill Riley told the Irish Times that the $2 billion would still be spent when construction recommences in 2002. Pesumably this mean the company will spend less than the $7.5 billion it originally earmarked for investments in chip production this year.

Ironically, Chipzilla chief Craig Barrett told attendees at the Intel Developers Forum last month that "you never save your way out of recession", referring to cutting back R&D and infrastructure spending. Quite the reverse, he said, you spend more money, so you're ready when the recession ends. ®

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.