ANALOG Devices International (ADI) will increase its Limerick workforce to more than 2,000 with a €630 million investment in a new semiconductor manufacturing facility at its European regional headquarters on the Raheen Business Park.
600 new jobs will be created at the 4,000 square metre building which will incorporate a research and development facility to accelerate advances in cutting-edge applications, including digital biology, electric vehicles, and robotics.
It is expected to triple ADI’s European wafer production capacity and support the development of next-generation signal processing innovations designed to accelerate the digital transformation of industrial, automotive, healthcare, and other sectors.
The announcement comes a year after ADI announced a separate €100 million investment in ADI Catalyst, its 10,000 square metre facility for innovation and collaboration at its Limerick campus
ADI chairman and chief executive Vincent Roche said that since 1976, Ireland has been a critical innovation centre for the company because of its strong academic and research organisations, business ecosystem, and progressive government leadership.
“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,” Mr Roche explained.
Taoiseach Leo Varadkar said the announcement marked 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.
“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,” Mr Varadkar added.
Local Fine Gael TD and Minister of State Kieran O’Donnell said this latest investment re-enforces ADI’s strong commitment to Limerick and this entire region.
“An investment of this magnitude, both in terms of capital and job creation is a firm statement of confidence by ADI in what Brand Limerick continues to offer as a strategic business location, including both the quality of the available workforce and the graduates from our local third level institutions,” Mr O’Donnell added.
