Intel Corporation (NASDAQ:INTC) resumed high-volume manufacturing using extreme ultraviolet, or EUV lithography in its Ireland plant. 

The development will likely boost Intel's upcoming Intel Core Ultra processors (code-named Meteor Lake), which will pave the way for AI PCs, as well as future-generation Intel Xeon processors coming in 2024 and produced on the Intel 3 process node.

EUV plays a critical role in driving Intel toward its goals of delivering five nodes in four years and regaining leadership in process technology by 2025.

Also Read: Intel Hit Again: EU Re-imposes €376M Fine Over Market Dominance Allegations

Intel's investments in Ireland, along with existing and planned investments in Germany and Poland, create a first-of-its-kind end-to-end leading-edge semiconductor manufacturing value chain in Europe. 

They serve as a catalyst for additional ecosystem investments and innovations across the European Union.

"As we continue to advance our 17-billion-euro investment, this marks a significant milestone and a win for our Ireland operations as it brings Intel's latest and greatest Intel 4 technology utilizing EUV to Fab 34, Ireland and Europe," said Keyvan Esfarjani, executive vice president and chief global operations officer at Intel.

Price Action: INTC shares are trading higher by 1.65% to $35.76 on the last check Friday.