Thursday 12 December 2019

We'll stick with world-class Irish team - Intel

US tech firm's vote of confidence in talent pool

Adrian Weckler chats with John Collision of Stripe at the Web Summit in The RDS yesterday. Photo: Kyran O'Brien
Adrian Weckler chats with John Collision of Stripe at the Web Summit in The RDS yesterday. Photo: Kyran O'Brien
Lily Cole at the Web Summit today
Tony Hawk, Founder, The Tony Hawk Foundation, during an interview at the Media Centre during Day 2 of the 2014 Web Summit in the RDS, Dublin, Ireland. Picture credit: Brendan Moran / SPORTSFILE / Web Summit
John Sculley, Former CEO, Apple, on the centre stage during Day 1 of the 2014 Web Summit in the RDS, Dublin, Ireland
Jeremy Darroch, CEO, BSkyB, discusses The Sky is the Limit with Danny Rimer, Partner, Index Ventures, on the centre stage during Day 2 of the 2014 Web Summit
A view from the Summit during Day 2 of the 2014 Web Summit in the RDS, Dublin, Ireland. Picture credit: Ray McManus / SPORTSFILE / Web Summit
Dyed sheep in the RDS during Day 2 of the 2014 Web Summit in the RDS, Dublin, Ireland. Picture credit: Brendan Moran / SPORTSFILE / Web Summit
5 November 2014; John Ridding, CEO, Financial Times, talks about Media's New Future, on the marketing stage during Day 2 of the 2014 Web Summit in the RDS, Dublin, Ireland. Picture credit: Barry Cronin / SPORTSFILE / Web Summit
Anastasia Ashley at the web summit
Model and Actress Lily Cole speaking at the Web Summit in Dublin
Tom McCarthy, who is building a nuclear reactor, pictured at the Web Summit in Dublin
Adam Richman at the Web Summit in The RDS during an Interview with Independent.ie's Caitlin McBride
Adrian Weckler

Adrian Weckler

Intel will continue to develop cutting-edge chips at its Irish facility, one of its most senior global executives has said.

"The team we have here which designed our new Quark processors is world-class," said Mike Bell, vice-president and manager of its new devices division. "We intend to keep developing that. We recently started printing the phrase 'Designed in Ireland' on some of our boards. We couldn't be happier with how that's gone."

Intel employs almost 10,000 people in Leixlip, Co Kildare, when contractors and construction workers are included.

Mr Bell was speaking during an interview with the Irish Independent at Dublin's Web Summit, where he also outlined his vision for the future of 'wearable' devices, including smartwatches and health-monitoring devices.

The news comes as several large US tech companies, including Twitter, Dropbox and Evernote, said that the loss of the 'Double Irish' tax scheme will not affect investment plans here.

"We're here for talent and to build our team out," said Dropbox founder Drew Houston. "Other things aren't as important as that."

Meanwhile, the Irish co-founder of the billion-dollar online payments start-up Stripe said that the firm was set to succeed in China because of the way it respects partnerships with local companies. John Collison (24) said that many US firms had failed to successfully enter the Chinese market because of the way they have gone about it.

"They've often tried to own the whole process from start to finish. Sometimes that's not the smartest way to do it. We've chosen to team up with strong local partners there."

Earlier this year, Stripe announced a partnership deal with Alipay, which is China's most popular online payment method - it is used for over half of all Chinese online transactions. Stripe has taken Silicon Valley by storm in the last two years, with Limerick-born John and Patrick Collison establishing the firm as one of the world's fastest-growing online commerce companies.

However, Mr Collison said that the brothers had no intention of selling the company any time soon, despite its valuation of over €1bn. "We're not seeking an exit, no," he said. "I honestly don't know what we'd do instead if we did that."

Fashion model and co-founder of the social network Impossible.com, Lily Cole, told the audience that she had become involved with the 'ethical' fashion brand label Edun, owned by Bono and Ali Hewson. "It's important to be aware of the background into where clothes come from," she said.

"There's a huge number of really fascinating companies that I would like to try to champion. Edun supports clothes manufactured in Africa."

Elsewhere at the summit the founder of Bebo, Michael Birch, said the social network was to be relaunched this month. Mr Birch sold the network to US giant firm AOL in 2008 for €680m before buying it back in July last year for €750,000.

Irish Independent

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