Ireland has announced its ambitious national semiconductor strategy, aptly named 'Silicon Island', with plans to establish three new fabrication plants (fabs) by the year 2040. The strategy aims to bolster the country's capabilities in analog, digital, and semiconductor packaging technologies, while simultaneously enhancing employment opportunities and expanding research and development (R&D) investments. The overarching objective is to attract major tech giants like TSMC and Samsung, thereby solidifying Ireland's position within the global semiconductor industry.