Microchip giant Intel said today it would continue to hire people at its units outside the United States.
The statement comes despite 5,000 job cuts announced earlier this year due to a slowing US economy.
The hiring and fresh investment would help Intel build technologies and uses for its products that would offer strong business potential when the economy picks up, Mr Patrick Gelsinger, a vice president at Intel, said today.
"Our headcount is shrinking in the US and increasing globally," said Mr Gelsinger.
Intel, which employs over 4,000 people in its plant in Leixlip, Co Kildare, announced 5,000 job cuts in March as the flagging US economy hit personal computer demand.
But results reported in April were slightly better than expected despite a steep 82 per cent fall in net income and a 16 per cent fall in first-quarter sales.
Intel was also upbeat about business in the second half of this year and reiterated plans to spend $7.5 billion this year on capital spending and $4.2 billion on research and development.