Pat Gelsinger

Ann Kelleher was appointed an executive vice-president of Intel in 2021, the first time an Irish person had held such a senior role

The chipmaker boss is on a mission to revitalise the company

Opening of Fab 34 means Irish facility is first in Europe to begin high volume production of new chip technology

Pat Gelsinger dubs Ireland ‘silicon isle’, with new Fab 34 plant set to double the company’s chip manufacturing capacity here

Gelsinger trip not expected to signal wider announcement with company saying chipmaker’s boss is a regular visitor to Ireland

News sends chipmaker’s shares sharply lower

Investment in existing Irish development as chip giant charts ambitious European expansion

Move comes as Germany confirmed as location for two new semiconductor factories

Construction on Fab 34 began in 2019 with the facility due to start production in 2023

Reports suggest the Republic has lost out to Germany, Italy and France on €80bn spend

Appointment of Macroom native is first time an Irish person has held the role

US company’s next mega-investment seems unlikely to be Ireland-bound

Germany emerges as frontrunner to land even bigger megafactory planned by US company

Chipmaker forecasts fourth quarter revenues above expectations