Intel rises, says high-volume production in Ireland has started
Leon Neal
Intel (NASDAQ:INTC) shares rose nearly 2% on Friday after the semiconductor giant said that its new fab in Ireland has started high volume extreme ultraviolet lithography production.
"I am proud of the Intel team as well as our customers, suppliers and partners who worked with us to bring this moment to life and keep us on the path back to process leadership," said Pat Gelsinger, Intel CEO, in a statement. 
"The Silicon Isle has always been core to our long-term strategy, and todayâs opening of Fab 34 contributes to the EU's goal of creating a more resilient and sustainable semiconductor supply chain."
Extreme ultraviolet lithography, or EUV, tools are high-powered machines that create wafers significantly faster used to make semiconductors at a smaller scale than other methods.
The EUV tools are produced by Dutch semiconductor equipment company ASML (ASML) and cost roughly $150M apiece, with some roughly the size of a shipping container.
The tools are an important part of Intel's five-nodes-in-four-years, which Gelsinger said earlier this month was still on track.

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