The company has invested about €7.5 billion since it set up its Ireland base in 1989.
Intel has secured planning approval from Ireland's planning agency to build a $4bn chip manufacturing plant in Leixlip, near Dublin.
The new semiconductor wafer fabrication facility will spead across an area of about 244,000sqm and will manufacture Intel's 14nm microprocessors, according to Silicon Republic.
The facility will also include a three-storey main fabrication facility with a floor area of 101,000sqm, facility support buildings for waste and chemical storage, water treatment, and more.
As part of the agreement, Intel will pay over €27m in infrastructure contributions to the local authorities.
The company has invested about €7.5 billion since 1989 and in In January 2011, the chipmaker planned to invest $500m to upgrade its Fab-14 facility in Leixlip.
The new facility is expected to provide 3,500 construction jobs for two years and 800 permanent jobs after completion.
The company recently announced it will stop making desktop PC motherboards after the release of its fourth generation low-power processor, Haswell.