Analog Devices is to invest €630m and triple wafer capacity at its European regional headquarters in Limerick, Ireland.
The investment is part of Ireland’s first Important Projects of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME/CT) application to the European Commission
The investment enables the construction of a new 45,000 sq-ft Research & Development and manufacturing facility with 600 new jobs, a significant increase to ADI’s current 1,500 employees in Ireland and 3,100 employees in Europe as a whole.
The plant will support ADI’s development of next-generation signal processing innovations for industrial, automotive and healthcare chips, which do not need leading edge process technologies.
The tripling of capacity is part of the company’s goal of doubling its internal manufacturing capacity to enhance the resiliency of its global supply chain but is subject to final approval from the European Commission. The application is supported by the Irish Government through IDA Ireland.
This comes a year after ADI announced a separate investment of €100 million in ADI Catalyst, its 100,000 sq-ft custom-built facility for innovation and collaboration at its Limerick campus. Ireland is also home to ADI’s main European Research and Development Centre, which has generated more than 1,000 patents and led to R&D sites throughout Europe in Spain, Italy, UK, Romania, and Germany.
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“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 ADI CEO and Chair Vincent Roche. “This next-generation semiconductor manufacturing facility and expanded R&D team will further extend ADI Limerick’s global influence.”
An Taoiseach Leo Varadkar TD 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 €630 million 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 will also mean lots of spin-off jobs and contracts for local SMEs and Irish-owned businesses. ADI’s investment is part of Ireland’s commitment to develop Important Projects of Common European Interest, IPCEIs, and will contribute to Europe’s broader microelectronics sector. The future is digital. There can be no such future without microchips and it’s great that Ireland is such an important player in the supply chain.”
Minister for Enterprise Trade & Employment Simon Coveney said: “This is a much welcome announcement from Analog Devices and a great vote of confidence in Limerick and the Mid-West. It’s also noteworthy that it’s the latest in a series of major job announcements outside of Dublin. I’m struck not only by the scale of the investment, but also the high quality positions that will result. I’ll be visiting Analog Devices in Boston during a trade mission this week where we’ll be looking forward to many more years of doing business in Ireland.”