Analog Devices, Inc. (ADI), a global semiconductor manufacturer, has announced a new €630m (£547.7m) investment in its European regional headquarters, located in the Raheen Business Park in Limerick, Ireland.
The investment will support the construction of a new 45,000ft² R&D and manufacturing facility, which will develop signal processing innovations to support the digitalisation of a range of industry sectors.
What’s more, the new site is expected to triple ADI’s European wafer production capacity and aligns with the company’s goal of doubling its internal manufacturing capacity to enhance the resiliency of its global supply chain.
Leo Varadkar TD, an taoiseach of Ireland, said: “This is a really significant announcement for Limerick and the Mid-West region, which marks a new chapter in the longstanding relationship between ADI and Ireland.
“This massive €630m investment is great news for local employment with lots of jobs being created during the construction phase, and 600 high-end graduate jobs.
“It means a significant expansion in the size and scale of ADI’s research, innovation and development, leading to new, highly innovative products. This investment is further evidence of the government’s commitment to bringing jobs to the Mid-West.
“Most IDA jobs created in recent years have been outside of Dublin, and Limerick has done particularly well with its deep talent pool, universities, airport and infrastructure. This investment will also mean lots of spin-off jobs and contracts for local SMEs and Irish-owned businesses.”
ADI previously announced a separate investment of €100m in ADI Catalyst, its 100,000ft² custom-built facility for innovation and collaboration at its Limerick campus.
“Since 1976, Ireland has been a critical innovation centre for ADI, thanks to its strong academic and research organisations, business ecosystem and progressive government leadership,” said Vincent ROche, CEO and chair of ADI.
“This next-generation semiconductor manufacturing facility and expanded R&D team will further extend ADI Limerick’s global influence.
“Through organic R&D and close collaboration with our customers and ecosystem partners, we are striving to solve some of the world’s greatest challenges and enable a more efficient, safer and sustainable future.”
The investment is likewise part of a collaboration within the European Union’s Important Projects of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME/CT) initiative and is hoped to support cross-border collaborative research.