Analog Devices invests €630 million in a new Limerick facility, creating 600 jobs
By The Headlines, May 15, 2023 | 10:49 AM
In order to increase its production capacity in Europe, a major US chipmaker will invest €630 million in a new research and development and manufacturing factory in Limerick.
Analog Devices plans to treble its European wafer production capacity and create 600 employees at its new 45,000-square-foot Limerick location.
The Massachusetts-based company manufactures chips for industrial robotics, 5G telecommunications equipment, and autos. It has had its European headquarters in Limerick since the mid-1970s.
The move follows a similar €100 million investment in an innovation and cooperation facility announced by ADI last year.
The 600 new employees will raise Analog's entire staff in Ireland to more than 2,000 workers.
"Since 1976, Ireland has been a critical innovation centre for ADI, thanks to its strong academic and research organizations, business ecosystem, and progressive government leadership," said Analog Devices Ireland chief executive and chair Vincent Roche.
"This next-generation semiconductor manufacturing facility and expanded R&D team will help ADI Limerick expand its global footprint."
"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."
Taoiseach Leo Varadkar called the announcement "significant."
"This massive €630 million investment is great news for local employment, with many jobs created during the construction phase, and 600 high-end graduate jobs," he said in a statement. It entails a major increase in the size and scope of ADI's research, innovation, and development, which will result in new, highly inventive products.
"This investment will also result in a significant number of spin-off jobs and contracts for local SMEs and Irish-owned businesses."
"Digital is the way of the future." There is no such thing as a future without microchips, and it's fantastic that Ireland is such a significant player in the supply chain.