Intel affirmed its plans to create 1,600 jobs at its Irish operation and double its manufacturing space as part of a global strategy to ramp up its chip manufacturing capabilities. New chief executive Pat Gelsinger’s bid to turn the company’s fortunes around could provide “additional opportunity for investment”, said Intel Ireland general manager Eamonn Sinnott. Indeed, fossil fuel financing was higher in 2020 than it was in 2016, Eoin Burke-Kennedy reports. Penneys, the Irish fast fashion retailer extraordinaire, is keeping its expansion plans for Dundrum Town Centre on hold as it deals with the impact of the Covid-19 pandemic, reports Fiona Reddan reports. Stay up to date with all our business news: sign up to our business news alerts and our Business Today daily email news digest.

Source: The Irish Times March 24, 2021 06:45 UTC