Analog Devices announce investment of €630m creating 600 jobs. ADI Catalyst – Vincent Roche, President and CEO of Analog Devices pictured above.
Analog Devices announce a new €630 million investment at its European regional headquarters in Limerick’s Raheen Business Park creating 600 jobs
The investment enables the construction of a new, state-of-the-art, 45,000 sq-ft Research & Development and manufacturing facility and is expected to grow ADI’s employment footprint in the mid-west region of Ireland by 600 new positions adding to the 1,500 ADI employees in Ireland.
The new facility will support ADI’s development of next-generation signal processing innovations designed to accelerate the digital transformation of Industrial, Automotive, Healthcare, and other sectors.
It is expected to triple ADI’s European wafer production capacity and aligns with the company’s goal of doubling its internal manufacturing capacity to enhance the resiliency of its global supply chain and better serve customer needs.
An Taoiseach Leo Varadkar TD said the announcement “marks a new chapter in the longstanding relationship between ADI and Ireland”.
He said, “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. This investment is further evidence of the Government’s commitment to bringing jobs to the Mid-West.”
An Taoiseach noted the investment will create “lots of spin-off jobs and contracts for local SMEs and Irish-owned businesses”, saying, “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.”
The announcement comes a year after ADI announced a separate investment of €100 million in ADI Catalyst, its 100,000 sq-ft custom-built facility for innovation and collaboration at its Limerick campus. Ireland is also home to ADI’s main European Research and Development Center, which has generated more than 1,000 patents since its inception and has seeded ADI R&D sites throughout Europe in Spain, Italy, UK, Romania, and Germany.
Mayor of Limerick City and County Council, Francis Foley welcomed the announcement saying it was a “very welcome commitment to Limerick by Analog Devices Ireland who have been part of this community since 1976” and is an “endorsement of Limerick’s attractiveness for Foreign Direct Investment”.
Mayor Francis Foley said, “It’s just 14 months since Analog announced a €100 million investment in its ADI Catalyst project in Raheen with the creation of 250 jobs. They are now adding another 600 positions with the €630 million investment being announced today. This is a further endorsement of Limerick’s attractiveness for Foreign Direct Investment. Our talent pool, quality of life and the supports on offer give Limerick an edge and global companies find success in Limerick’s embrace.”
Chief Executive of Limerick City and County Council Dr Pat Daly said ADI are a “global leader and one of Limerick’s stalwart FDI companies” and the companies “growing success” is a success for the Mid-West region.
“The investment of a further €630 million in their European Headquarters in Raheen demonstrates to other companies that they will find the talent and the supports they need to grow and achieve success here in Limerick. As well as creating 600 high-end graduate positions there will be a significant number of jobs created during the construction phase of the new facility. FDI companies enjoy collaborative support from Limerick City and County Council, other state agencies and our top-class third-level educational institutes. By working together, we are showing global companies that Limerick is the right fit for them.”
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, and will support cross-border collaborative research. ADI’s IPCEI application – Ireland’s first since the inception of the Important Projects of Common European Interest (IPCEI) initiative – is subject to final approval from the European Commission, and is supported by the Irish Government through IDA Ireland.
Minister for Enterprise Trade & Employment Simon Coveney said, “This is a much welcome announcement from Analog Devices and a great vote of confidence in Limerick and the Mid-West. It’s also noteworthy that it’s the latest in a series of major job announcements outside of Dublin. I’m struck not only by the scale of the investment, but also the high quality positions that will result. I’ll be visiting Analog Devices in Boston during a trade mission this week where we’ll be looking forward to many more years of doing business in Ireland.”
IDA Ireland CEO Michael Lohan said: “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 is intended to strengthen our supply chain resilience for advanced semiconductor processes. We wish continued success to ADI and look forward to our continued partnership. This is a transformational investment for the Limerick site, for the Mid-West region, and for the semiconductor industry in Ireland. IDA Ireland is committed to supporting investments of scale that impact positively on Europe’s semiconductor industry.”