Monday 21 April 2014

Intel R&D salaries average over $100k despite profit dip

Pre-tax profits have dipped at the chip giant

PRE-TAX profits at chip giant Intel's Irish research and development arm declined by 24pc last year but average salaries for research workers still hovered above the $100,000 (€75,000) mark. Revenues at Intel Shannon declined by 5pc to $56.5m over the same period.

Researchers at Intel's 'Irish Design Centre' in Shannon are engaged in developing the most advanced silicon technology on the planet and new figures show the 213 staff shared $22.4m in pay, or $105,352 (€79,482) each on average.

The figures show that the pay to the 213 staff, including directors, totalled $22.44m that included $17.9m in salaries with $2.66m in share-based payments along with $1.83m in pension costs.

Some 177 of the 213 staff are engaged in research and development with 36 in management, administration that includes sales and marketing.

R&D personnel at Intel's Shannon base are dealing with nanometres (which is a billionth of a metre) and this gives 3,000 electrical devices on the width of a human hair.

The figures show that the company's operating profits decreased by 25pc to $4m.

According to the directors' report "the decrease in the operating profit margin is primarily attributable to movements in expenditure that is rechargeable to Intel Corporation under the R&D recharge agreement held between the company and the Intel corporation".

The accounts show that the company's cost of sales last year increased from $49.4m to $50.2m, while the company's administrative expenses increased from $4.4m to $2.2m.

On Intel's future developments, the directors state that the company "will continue to research and develop improvements in communication and networking technologies".

Irish Independent

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