News sends chipmaker’s shares sharply lower
Pat Gelsinger
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
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