News
A quick look at business news that you may have missed:
1. Intel Invests More in Leixlip
According to
IDA Ireland, the country is home to more than 250 companies across the semiconductor value chain and ranks among the top three EU destinations for semiconductor foreign direct investment, with 15 of the world’s top 30 semiconductor companies maintaining operations there.
Which is why news this month about
Intel investing a whopping €5 billion more into their Leixlip, Co Kildare plant reaffirms Ireland’s status as Europe’s leading hub for advanced semiconductor manufacturing and long‑term tech investment. Intel will be expanding output through an upgrading programme and installing new equipment plus employing hundreds more people.
[As a side note, in the first five months of this year, US$124 billion worth of chips were re‑exported from Hong Kong to mainland China, electronics now account for about 70% of all Hong Kong exports and roughly 80% of the chips it imports are ultimately destined for the mainland market.
HK Standard and
HKTDC Research.]
2.Food Innovation Summit at Croke Park
Ellen Ní Cléirigh, Senior Client Advisor in Enterprise Ireland,
writes in the Irish Independent about last month’s fourth annual Food Innovation Summit in Croke Park, where over 300 food and drink companies, researchers and industry partners met to focus on innovation in a sector that exported €16.98 billion in 2025 and supports almost 70,000 jobs nationwide.
The message is that food and drink firms must focus on what they can control, such as investing in R&D, innovation and skills, supported by practical measures like the R&D tax credit, Enterprise Ireland funding and emerging technologies such as AI.
3. Hong Kong Growth Surge
Bloomberg reported that Hong Kong is seeing its strongest economic growth since 2021, with Q1 expanding 5.9% and rising equity capital market activity lifting demand for long-term office rentals. Central Grade A rents jumped 7.3% in the first half, the biggest rise in 15 years, while vacancy fell to 8.8% from 10.9% by end-2025. Finance and insurance are driving the recovery, making up roughly half of new leases over the first six months.
High-demand skyscrapers are attracting heavy pre-leasing, with tenants competing for floors available later this year or in 2027, leading to waiting lists.