Congratulations from ICBE to our member company Analog Devices Great news for the region.
A major US chipmaker will invest €630 million in a new research and development and manufacturing plant in Limerick as it looks to boost its production capacity in Europe.
Analog Devices expects to triple its European wafer production capacity and create 600 jobs at the new 45,000sq ft facility in Limerick.
The Massachusetts-based firm makes chips that are used for industrial robots, 5G telecommunications equipment and automobiles. It has been located in Limerick, its European headquarters, since the mid-1970s.
The move follows a similar €100 million investment that ADI announced last year in a facility for innovation and collaboration.
The creation of the 600 jobs will bring Analog's total workforce in Ireland to over 2,000 people.
Speaking about the investment, Analog Devices Ireland chief executive and chair Vincent Roche said: "Since 1976, Ireland has been a critical innovation center for ADI, thanks to its strong academic and research organizations, business ecosystem, and progressive government leadership,