June 16, 2003 – Intel is launching a multi-million dollar research and development project to develop processors in Ireland.
The aim of IntelCommunications Europe’s “Westport Project” is to develop a next-generation network processor for the 3G mobile and high-speed broadband markets. The chips will be designed in Shannon, and could be the first to be manufactured at Intel’s new wafer fab at Leixlip.
With a price tag of nearly $28 million, Intel’s project is one of the largest R&D projects undertaken in Ireland, according to Tanaiste Mary Harney. The Irish government will also kick in $3.1 million for the project under its R&D Capability Grant Scheme.