ANALOG Devices, based in Limerick for over 35 years, is to add upwards of 100 high skilled jobs to its workforce inside the next five years, it was announced this Wednesday.
Analog plan a €50 million investment at the Raheen plant, which follows a €23 million injection in 2010.
There are currently over 1,000 people employed in their Limerick facility, described as a strategic part of their global operation.
Limerick is home to ADI’s European based semi conductor wafer manufacturing facility, as well as research and development for Analog technologies.
Minister for Jobs, Richard Bruton, said at Wednesday’s announcement, that if Ireland is to achieve its job target so badly needed, we must not only continue to attract multi- million euro investments, but we must also ensure, where possible, that these investments bring R&D and high value jobs to our economy.
“Today’s announcement that Analog is building on its long standing commitment to the Mid-West is most welcome, and I am determined that this government will do everything we can to ensure that this announcement can be replicated across the economy in the coming years.
“These are high end jobs and a great reflection on the qualify of the workforce in Limerick”.
Gerald Fishman, president of Analog, said the contribution of their limerick based team over the past 35 years has helped them to build a dedicated R&D division in Ireland.
“Limerick is a strategic part of or global operation and this new investment shows how well we regard the Irish team internationally”.
Minister Michael Noonan said that the Analog investment was a further boost for the Mid West economy.
