ADI Catalyst – Vincent Roche, President and CEO of Analog Devices pictured above.
250 jobs from €100 million ADI Catalyst Limerick investment
Analog Devices, a leading global high-performance semiconductor company, today announced it will invest €100 million over the next three years in ADI Catalyst, a 100,000 sq ft custom-built facility for innovation and collaboration located at its campus in the Raheen Business Park in Limerick, Ireland.
This latest phase of expansion will also see the creation of 250 new jobs in the Irish market by 2025 as a reflection of ADI’s continued commitment to expansion in Europe.
ADI Catalyst is a state-of-the-art collaboration accelerator where ecosystems of customers, business partners, and suppliers engage with ADI to rapidly develop industry-leading solutions. Utilizing technologies in simulated environments and real-world end applications accelerates the development and adoption of these innovative solutions.
The newly created jobs at Catalyst will primarily focus on the development of software-enabled solutions and artificial intelligence innovations in areas such as Industry 4.0, sustainable energy, automotive electrification, and next-generation connectivity.
Commenting on the launch, Vincent Roche, President and CEO of Analog Devices said, “ADI Catalyst is our latest investment in the future of innovation, not just in Ireland or Europe, but globally. It provides the ideal environment for experts in their fields to connect, collaborate, test, and pilot new technologies, business models, and ecosystems.
Fantastic news for Limerick today. @ADI_News is expanding, investing €100m & creating 250 new jobs over the next 3 years. Jobs will be in areas such as AI, machine learning & 5G applications -really exciting areas which will create the jobs of the future. Best of luck to team pic.twitter.com/e7ELsvPdgL
— Leo Varadkar (@LeoVaradkar) March 4, 2022
“Opening ADI Catalyst enables us to share ideas, capabilities, and resources with teams in Europe, and around the world, for the greater good.”
The Catalyst project is supported by the Irish Government through IDA Ireland. Commenting on ADI’s latest investment, An Taoiseach Micheál Martin TD said, “ADI’s ongoing commitment to Ireland, as witnessed over many decades, is to be celebrated today as we mark yet another significant milestone.
“In a world where technology continues to permeate every facet of our lives, continued investment in today’s modern digital economy has never been more important. ADI Catalyst further reinforces Limerick and Ireland’s position as both a manufacturing hub for semiconductors and a centre of excellence for innovation in Europe.”
In addition to ADI Catalyst, Ireland is home to ADI’s European Research and Development Center, which has an established reputation for developing cutting-edge technology and includes the assignment of more than 1,000 patents. ADI launched its European manufacturing and R&D hub in 1976 in Limerick, Ireland, which remains ADI’s European headquarters today.
Mayor of Limerick City and County, Daniel Butler, expressed his delight at the investment news, saying, “This announcement is fantastic news for the entire Limerick city region, with another multi-million euro investment in jobs and plant by one of Limerick’s stalwart FDI companies.”
“Analog has been in Limerick since 1976 and the plant and employees in Raheen have consistently shown their value and innovation to the global firm. Today’s announcements is proof of the positive and sustaining eco-system in Limerick for new and existing companies wishing to invest here, cultivated by IDA Ireland and supported by Limerick City and County Council, other state agencies and the third level institutions.”
Welcoming the announcement, Chief Executive of Limerick Chamber, Dee Ryan said, ”Investment of this scale and the creation of 250 new jobs by ADI in Limerick is a resounding endorsement of our value proposition here in the Mid-West for attracting both FDI’s and the hottest commodity, which is skilled talent.
“Over many years ADI has actively contributed to the Mid-West business community, taking a leading role in initiatives to improve the ecosystem and being recognised as Business of the Year in 2019 at the Linerick Chamber Regional Business Awards.
“It has been one of the region’s biggest and best employers for 45 years which, gives it huge industrial heritage here. But today it is very much committing to the future, which speaks volumes about what is very much a mutually beneficial relationship between ADI and the Limerick region.
“We welcome this commitment from President and CEO Vincent Roche and his team, both globally and here on the ground. This significant investment and the addition of 250 new jobs to the Limerick campus will create a positive economic ripple throughout the region and is another very positive page in the growth story that Limerick has become.”
Learn more about ADI Catalyst HERE
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