Intel Leixlip: the company has spent in the region of $5 billion (€3.7 billion) upgrading its Leixlip operations over the last three years in preparation for production of its new, ultra-compact 14 nanometer transistors in the coming months. Photograph: Kate Geraghty

Short-term competitiveness is important, but companies who lose sight of long-term industry developments risk getting left behind. That’s the warning (...)