More than one in 10 employed in Ireland or 275,385 work for a foreign direct investment company, including some of the largest and most renowned companies in the world.
The big names in technology, finance and pharmaceuticals helped boost corporate tax revenues to 15.3 billion euros in 2021, compared to 11.8 million euros in 2020, and the presence of FDI companies in Ireland is only growing.
A trickle of 29,058 jobs were added in FDI firms last year, with an increase in employment in all regions of the country and thousands more jobs with multinationals announced this year to date. including 1,600 at Intel. Here are the 10 largest FDI companies in Ireland by revenue 2021:
Alphabet, then Google, established their first operations in Ireland in 2003 and established their EMEA headquarters in Dublin. The company employs more than 9,000 people here.
The search giant won planning permission for a new campus in Dublin’s Grand Canal Street Lower in February with space for 1,700 workers, and Alphabet’s CEO Sundar Pichai said the company would continue to invest in Ireland despite changes to tax rules internationally.
Alphabet made a profit of $76 billion on revenue of $257.6 million in 2021, and the most recent accounts of Google Ireland show the unit made a profit of €2.2 billion in 2020 despite a €622.3 million tax change, including a €345 million settlement to resolve a number of tax issues outstanding.
The world’s most popular online shopping site and web hosting company had revenue of $470 billion last year and net income of $33.4 billion.
The main Irish branch of the company, Amazon Data Services Ireland Ltdwhich operates data centers, employs around 1,400 people here and reported pre-tax profits of 67.2 million euros on revenues of $3.7 billion.
Amazon Ireland Support Services, which handles customer services and logistics, employs an additional 1,800 people in Ireland and made a pre-tax loss of €7.6 million on revenue of €223.3 million in 2021.
Apple has had a famous presence in Cork since 1981 and infamously drew the ire of the European Commission, which ruled the iPhone maker had paid as little as 0.005% in corporation tax, although the fine of 13 .1 billion euros he imposed was later overturned by an EU court. The Commission quickly appealed.
The Cupertino company had revenue of 365.8 billion euros and net profit of 96.7 billion euros in 2021, and one of its Irish subsidiaries, Apple Operations Europe Ltdwhich makes Apple products, generated revenue of $211.1 billion and net profit of $56.2 billion last year.
Bank of America
Bank of America reported revenue of $89.1 billion and net income of $32 billion last year, and Bank of America Europewhich was based in Dublin after Brexit, made a profit of $611 million on operating income of nearly $2 billion in 2021. The subsidiary employs around 2,350 people across support, operations, technology, commercial sales and consulting.
Huawei drove a wedge between Samsung and Apple to become the world’s second-largest smartphone maker by sales before being blacklisted by the White House and barred from using Android in its devices.
The Chinese company has still reported revenues of $99.9 billion and net profit of $17.8 billion in 2021, and has had a presence in Ireland since 2004, with around 155 employees here. Accounts show Huawei Technologies (Ireland) achieved a turnover of €147.5 million and a profit of €5.4 million in 2020.
The chipmaker has been a major presence in Leixlip, Co Kildare for over 30 years, and in that time has invested over £30bn to transform the former stud farm into a cutting-edge technology campus.
Intel posted revenue of $79 billion and operating profit of $19.5 billion in 2021, while its subsidiary Intel Research and Development Ireland Ltd made a profit of $30.9 million, with revenue of $157 million in 2020.
The company has announced plans to invest a further $7 billion in its manufacturing facilities in Kildare and currently employs around 5,000 people in Ireland.
Johnson & Johnson
The pharmaceutical company and maker of household products posted full-year sales of $93.8 billion and net income of $20.9 billion, up 41.9% as the company benefited from the rollout of its vaccine, with additional sales of $3 billion to $3.5 billion expected from the jab in 2022.
NOT A WORDIreland’s business, which covers sales of consumer products and medical devices, made a profit of almost €5m in 2020 before losses of €10m on a defined benefit scheme were reported. are taken into account on a turnover of 90.6 million euros. The Tallaght-based company employs 97 people across sales, distribution and administration.
The last US investment bank on the list, JP Morgan generated revenues of $121.7 billion and net income of over $48.3 billion, and its Irish unit, JP Morgan Hedge Fund Services Ltdmade a profit of $4.9 million on revenue of $42.5 million in 2020
The financial services giant recently completed the acquisition of the Cork-based fintech Global shares for an announced amount of 665 million euros. JP Morgan acquired a 130,000 square foot building in Dublin Docklands with capacity for 1,000 employees in 2017.
Parent Facebook, WhatsApp and Instagram Metaplatforms employs some 6,000 people in Ireland between its international headquarters in Dublin, its data center in Co Meath and Reality Lab in Cork, and plans to create thousands more jobs to help with its Metaverse push.
The social media titan suffered its first-ever revenue drop earlier this year, but reported net income of $39.4 billion and revenue of $117.9 billion in 2021. Meta Platforms Technologies Ireland reported revenue of $337.2 million and profit of $5.8 billion in 2020.
Microsoft (and LinkedIn)
pc maker Microsoft employs 2,700 people between its Leopardstown campus and its data center, while its subsidiary LinkedInthe professional social networking site he bought for $26.2 billion in 2016 has 1,800 more on its EMEA base in Dublin.
Microsoft recorded $168 billion in revenue last year with operating profit of $70 billion in 2021. Its Irish units, Microsoft Ireland Operations Ltdgenerated $56.2 billion in revenue and $2.7 billion in profit last year, while LinkedIn made $103.5 million in profit on revenue of $3.2 billion in 2020.
Pictured: Google Ireland headquarters at Grand Canal Dock. (Photo: Artur Widak/NurPhoto)