When the company announces that it is planning to cut jobs and investment, Ireland needs to pay attention
Pat Gelsinger, chief executive of Intel: announced cutbacks on worldwide job numbers at the company. It may no longer be the case that when Intel sneezes the Irish economy risks catching a cold, but a dose of the sniffles cannot be ruled out. The Santa Clara, California-based company has been making microprocessors, or computer chips as they are more commonly known, in Leixlip since 1989 and has invested over €30 billion here to develop an advanced industrial campus with over 4,900 employees.
Last week’s announcement is more about stopping than addressing these fundamental challenges so what it means for the Irish operation is not clear. It is unlikely to escape the cuts given their scope and scale. The planned sale of a 49 per cent stake in the Irish plant to investors, announced recently, is another factor in the mix.
At a more strategic level, the question is whether Irish industrial policy is positioned to take full advantage of the technological step change brought about by the advent of AI.The international swap of prisoners has clear echoes of the Cold WarAfter years of consenting to sex I didn’t want, I want to take a break from it.
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