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Released May 29, 2023 | GALWAY, IRELAND
en
Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--One of the largest tech companies operating in Ireland has revealed plans to invest a further 630 million euro (US$679 million) to expand its European regional headquarters in the west of the country.
U.S. firm Analog Devices Incorporated (ADI) (NYSE:ADI) (Wilmington, Massachusetts) is forging ahead with a major expansion of its operations at the Raheen Business Park in Limerick, Ireland, with the addition of a new, state-of-the-art, 45,000-square-foot research and development (R&D) and manufacturing facility. The investment will lead to the creation of 600 new jobs and the tripling of wafer production capacity. It will bring the plant's headcount to more than 2,000.
The plant supports the company's goal of doubling its internal manufacturing capacity to enhance the resiliency of its global supply chain. It will focus on Analog's development of next-generation signal processing tech "designed to accelerate the digital transformation of the industrial, automotive and healthcare sectors," among others. The major investment bump comes a year after it announced a separate investment of 100 million euro (US$108 million) in ADI Catalyst, its 100,000-square-foot custom-built facility for innovation and collaboration at the Limerick campus. Ireland is already home to ADI's main European R&D Center, which the company stated has generated more than 1,000 patents since its inception and has seeded ADI R&D sites throughout Europe in Spain, Italy, U.K., Romania, and Germany.
"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," said ADI chief executive officer and chair, Vincent Roche. "This next-generation semiconductor manufacturing facility and expanded R&D team will further extend ADI Limerick's global influence."
The investment was welcomed by An Taoiseach Leo Varadkar: "This is a really significant announcement for Limerick and the midwest region, which marks a new chapter in the longstanding relationship between ADI and Ireland. It means a significant expansion in the size and scale of ADI's research, innovation, and development, leading to new, highly innovative products. 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."
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
U.S. firm Analog Devices Incorporated (ADI) (NYSE:ADI) (Wilmington, Massachusetts) is forging ahead with a major expansion of its operations at the Raheen Business Park in Limerick, Ireland, with the addition of a new, state-of-the-art, 45,000-square-foot research and development (R&D) and manufacturing facility. The investment will lead to the creation of 600 new jobs and the tripling of wafer production capacity. It will bring the plant's headcount to more than 2,000.
The plant supports the company's goal of doubling its internal manufacturing capacity to enhance the resiliency of its global supply chain. It will focus on Analog's development of next-generation signal processing tech "designed to accelerate the digital transformation of the industrial, automotive and healthcare sectors," among others. The major investment bump comes a year after it announced a separate investment of 100 million euro (US$108 million) in ADI Catalyst, its 100,000-square-foot custom-built facility for innovation and collaboration at the Limerick campus. Ireland is already home to ADI's main European R&D Center, which the company stated has generated more than 1,000 patents since its inception and has seeded ADI R&D sites throughout Europe in Spain, Italy, U.K., Romania, and Germany.
"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," said ADI chief executive officer and chair, Vincent Roche. "This next-generation semiconductor manufacturing facility and expanded R&D team will further extend ADI Limerick's global influence."
The investment was welcomed by An Taoiseach Leo Varadkar: "This is a really significant announcement for Limerick and the midwest region, which marks a new chapter in the longstanding relationship between ADI and Ireland. It means a significant expansion in the size and scale of ADI's research, innovation, and development, leading to new, highly innovative products. 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."
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
