Analog Devices, Inc. has announced a €630 million investment at its European regional headquarters in the Raheen Business Park in Limerick, Ireland. The investment will be utilized to construct a new, state-of-the-art, 45,000 sq-ft Research & Development and manufacturing facility.
This facility will support the development of next-generation signal processing innovations which will help accelerate the digital transformation of industrial, automotive, healthcare, and other sectors. Interestingly, the facility is expected to bolster the company’s goal of doubling its internal manufacturing capacity by enhancing the resiliency of its global supply chain by tripling ADI’s European wafer production capacity.
The investment will create 600 new positions in the mid-west region of Ireland thus improving the employment footprint of the company.
According to 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. Organic R&D and close collaboration with customers and ecosystem partners will help solve some of the world’s greatest challenges and enable a more efficient, safer, and sustainable future.
The new investment is planned as part of a collaboration within the European Union’s Important Projects of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME/CT) initiative. Hence, it will support cross-border collaborative research.
An Taoiseach Leo Varadkar TD opined that this massive €630 million investment is great news for local employment with many jobs being created during the construction phase and 600 high-end graduate jobs. He added that this could mean a significant expansion in the size and scale of ADI’s research, innovation, and development, leading to new, highly innovative products.
IDA Ireland CEO Michael Lohan stated that the technology that ADI will develop at this facility in Limerick is at the very forefront of innovation and has the potential to revolutionise the lives of billions of people across the world. This investment by ADI will strengthen the supply chain resilience for advanced semiconductor processes.