An Introduction from Eamonn Sinnott
General Manager, Intel Ireland
Vice President, Technology & Manufacturing Group
The story of Intel in Ireland since we first made the decision to invest here in 1989 has been remarkable. From our humble beginnings in a used car dealership in Palmerstown to today’s reality as one of the most advanced technology facilities in the world. A facility that now represents the largest industrial investment in the history of the Irish State.
Growing Together Since 1989
About the Intel Economic Impact Report
Intel recently commissioned Price Waterhouse Coopers (PwC) to complete an Economic Analysis of Intel in Ireland. PwC was specifically commissioned by Intel to assess the economic contribution that the company has made to the Irish economy since 1989. In this regard, the two key areas of economic impact were analysed:
- Intel's Operational Expenditure (“OpEx”) (the day-to-day operation of Intel).
- Intel's Capital Expenditure (“CapEx”) (relating to the development of the Intel Campus).
Economic benefits to Ireland derive from both the operational and capital expenditure of Intel. The full-economy impact of any organisation is a function of two factors, namely, the value of national economy expenditures and the sectoral composition of this spend.
The sectoral composition of demand is material to the extent that spend in sectors with a low import content (e.g. services) have a more substantial impact on the national economy than expenditures in sectors with a high import content.
The full-economy impacts of a € increase in expenditure in a defined sector are measured at three levels which describe the progression of the € spend through the economy, namely, direct, indirect, and induced. By applying the relevant sectoral multipliers and effects (e.g. food, housing, electricity, and construction) the full-economic impact of Intel’s expenditure was calculated.
The information provided throughout this webpage represents a summary of key data points which have been extrapolated from the overall report findings. The content presented is for general information purposes only and should not be used as a substitute for consultation with professional advisors. Should you require any further information please contact email@example.com.