The investment involves two separate R&D projects. The first is a new hardware project involving advanced 32 nanometre silicon design and validation, which aims to enable the next generation of products to provide a combination of improved performance, power efficiency, smaller footprint and increased cost-effectiveness. The output of the project will be a new chip with an improved design for embedded applications.
The second project is a software development project to extend Intel QuickAssist Technology.
Barry O’Leary, vhief executive of the inward investment body IDA Ireland, said securing the investment is an endorsement of the Team Ireland approach in which state development agencies, local authorities and educational establishments work together to encourage new investment in Ireland, while supporting the strategy of balanced regional development.