LONDON – The Industrial Development Agency of Ireland (IDA Ireland) has announced that chip company Analog Devices Inc. is embarking on a 50 million euro (about $70 million) R&D investment program at its Raheen campus near Limerick.
The program is expected to create approximately 100 jobs in areas such as IC design and applications engineering over the next five years, the IDA said. The plan includes the construction of a 140,000-square-foot R&D center.
IDA Ireland is supporting the expansion plan but the level of support was not disclosed.
The announcement builds on a 23 million euro (about $30 million) investment in Ireland made by ADI in June 2010 as part of a manufacturing expansion program (see ADI to spend $28 million on Irish R&D).
ADI has been operating in Ireland for 35 years and currently employs over 1,000 people in Limerick, where it a wafer fab and conducts R&D on data converters, mixed-signal and RF ICs.
"The contributions of our Limerick-based team over the past 35 years guided our decision to build a dedicated R&D facility here in Ireland," said Jerald Fishman, president and CEO of Analog Devices, in a statement issued by IDA Ireland. "I would like to thank the Irish Government and its agencies — specifically IDA Ireland — for its continued commitment and support for our growth and expansion plans."
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Analog Devices, Raheen, Limerick, Ireland, semiconductor, R&D, analog, R&D ADI invests $70 million in Irish R&D
