I mean Ireland has some of the most strenuous regulations in this regard, with dozens of data centres blocked over planning and environmental impact assessments. Despite this Intel still put €30 billion in turning a 360-acre former stud farm in Kildare into a semiconductor wafer fabrication facility, powered entirely by green energy, and acting a key location for production of Intel’s 14nm process technology. They currently pull 1,677,197 MWh/year from our grid.

More to the point, from 2019 they built €17 billion new fab development which doubled the manufacturing capacity available in Ireland and enabled the production of Intel 4, the company’s most advanced process technology.

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mikeyouse a day ago | parent | next [-]

For better or worse, Ireland’s extremely lax tax rules resulted in a ton of multinational corporate cash ‘stuck’ there with companies having the option of spending there roughly tax free or repatriating back to the US at some rate higher than that. It also really helps sell the ‘of course an Irish subsidiary owns all of our IP’ tax claims if there is actual spending there, hence you got all the pharma investment and the capital projects from others like Intel and Apple.

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piltdownman a day ago | parent | next [-]

Rather the US lax rules regarding their own enforcement.

The Double Irish (& Dutch Sandwich) where Companies routed profits through two Irish-registered subsidiaries, attributing intellectual property royalties to a management seat in a tax haven like Bermuda, is closed since 2015.

Subsequent sequential mismatch structures (the "Single Malt" tool) that replaced the Double Irish for certain firms using non-EU residency loops were also banned. Finally there's a 12.5% charge on unrealized capital gains when a company moves its assets or tax residency out of Ireland.

The headline tax rate and the effective tax rate are also very different things. France's effective corporate tax rate was actually lower than Irelands - but France is an absolutely brutal place to do business in for employers and they've comparatively no english-language tech FDI to speak of.

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alephnerd a day ago | parent | prev [-]

"Trapped capital" is not why Intel has doubled down on Ireland.

It's because whenever Intel asks for anything, the Taoiseach, IDA, and Invest Ireland will move mountains to do it.

Ireland is extremely business friendly because their leadership actually listens to industry.

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piltdownman a day ago | parent [-]

While I agree completely with you regarding how we handle FDI, the role of Enterprise Ireland, and that our ability to act as an educated, stable and culturally compatible western european base for US industry is not to be understated, the Intel situation in particular has its own special nuance.

This is where the 'Inside Tennis' knowledge of the Irish Tech industry from someone working within it comes in handy. Enter the 21st Century Luddite, Thomas Reid, from stage left.

Thomas is an eccentric, independent bachelor farmer whose family has owned a 72-acre farm next to Intel's Leixlip manufacturing campus for generations.

Ireland’s State Industrial Development Agency (IDA) attempted to use a Compulsory Purchase Order (CPO) to buy Reid's land so that Intel could proceed with a multi-billion euro expansion of its microchip production plant. The land was valued at €5 million. During the negotiations that followed, the farmer was reportedly offered in the region of €10 million. He turned it down. Reid had no interest in being a millionaire. Instead, he continued to live on-site without a telephone or modern amenities while taking on Intel and the state alone.

The battle culminated in a landmark legal fight that went all the way to the Supreme Court of Ireland, where Reid ultimately won a historic victory against corporate overreach and protected his property rights

https://en.wikipedia.org/wiki/The_Lonely_Battle_of_Thomas_Re...

https://www.reddit.com/r/ireland/comments/3s4bg1/how_a_farme...

https://www.irishtimes.com/business/commercial-property/inte...

https://www.rte.ie/culture/2020/1102/1003311-the-lonely-batt...

	▲	HPsquared a day ago \| parent [-]
		They certainly tried!

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upupupandaway a day ago | parent | prev [-]

>construction kicked off in 2019 on a €17 billion new fab development which will double

I think what the OP wanted to highlight is right here: in China or Taiwan etc. this would not have taken 7 years.

	▲	piltdownman a day ago \| parent [-]
		I mixed up a tense or two there. It was done in 4 years, even accounting for Covid. The timeline looks like this 2019: Kick-off 2020: Construction in Ireland basically halted due to Lockdown for 18 months Q3'2023: Fab 34 begins running a ‘First Full Loop’ of silicon Q4'2023: Fab 34 completed. Doubles the manufacturing capacity available in Ireland, enabling the production of Intel 4 and Intel 3, some of the company’s most advanced process technologies, and the first to incorporate EUV lithography 2024: Intel sold 49% stake to Apollo GM for $11.2bn 2026: Intel buys back stake for $14.2bn Q2'2026: Intel announce a further $5.7bn investment to upgrade existing capacity for server chips, slated for completion by late 2027