Analog Devices, Inc., a global semiconductor leader, today announced a new €630 million investment in its European regional headquarters at Raheen Business Park in Limerick, Ireland. This investment enabled the construction of a state-of-the-art 45,000 square foot new R&D and manufacturing facility.
The new facility will support ADI’s development of next-generation signal processing innovations designed to accelerate digital transformation in the Industrial, Automotive, Healthcare and other sectors. It is expected to double ADI’s European wafer production capacity and is in line with the company’s goal of doubling its internal production capacity to increase the resilience of its global supply chain and better serve customer needs. The investment is expected to grow ADI’s job footprint in the mid-west region of Ireland by 600 new positions, a significant increase from ADI’s current 1,500 employees in Ireland and 3,100 employees in Europe as a whole.
Today’s announcement comes a year after ADI announced a separate €100 million investment in ADI Catalyst, a 100,000 square foot custom facility for innovation and collaboration on the Limerick campus. Ireland is also home to ADI’s premier European Research and Development Centre, which has generated over 1,000 patents since its inception and has developed ADI R&D sites across Europe in Spain, Italy, UK, Romania and Germany.
“Since 1976, Ireland has been an important innovation hub for ADI, thanks to its strong academic and research organizations, business ecosystem, and progressive government leadership,” said ADI CEO and Chairman Vincent Roche. “This next-generation semiconductor manufacturing facility and expanded R&D team will further expand ADI Limerick’s global influence. Through organic R&D and close collaboration with our customers and ecosystem partners, we strive to solve some of the world’s biggest challenges and enable a more efficient, safer and sustainable future.”
The new investment is planned as part of a collaboration within the European Union Important Project in the Common European Interest on Microelectronics and Communication Technologies (IPCEI ME/CT) initiative, and will support cross-border collaborative research. The IPCEI application from ADI – the first in Ireland since the start of the European Project of Common Interest initiative (IPCEI) – is subject to final approval from the European Commission, and is supported by the Government of Ireland through IDA Ireland.
Taoiseach Leo Varadkar TD says: “This is a very important announcement for Limerick and the Mid-West region, which marks a new chapter in the long-standing relationship between ADI and Ireland. This massive €630 million investment is great news for local jobs with many jobs created during the construction phase, and 600 high end graduate jobs. This means a significant expansion in the size and scale of ADI’s research, innovation and development, leading to highly innovative new products. This investment is further proof of the Government’s commitment to bringing jobs to the Mid-West. Most of IDA’s work created in recent years has been outside Dublin, and Limerick has done very well with its deep talent pool, university, airport and infrastructure. This investment will also mean a lot of additional work and contracts for local SMEs and Irish owned businesses. ADI’s investment is part of Ireland’s commitment to developing an Important Project of European Common Interest, IPCEI, and will contribute to the wider European microelectronics sector. The future is digital. There cannot be such a future without microchips and it is great that Ireland is such an important player in the supply chain.”
Corporate Trade & Employment Minister Simon Coveney said: “This is a very welcome announcement from Analog Devices and a huge vote of confidence in Limerick and the Mid-West. It’s also worth noting that this is the latest in a series of major job announcements outside of Dublin. I am impressed not only by the scale of the investment, but also the high quality position it will generate. I will be visiting Analog Devices in Boston during a trade mission this week where we look forward to many more years of doing business in Ireland.”
IDA Ireland CEO Michael Lohan said: “The technology that ADI will develop at its facility in Limerick is at the forefront of innovation and has the potential to revolutionize the lives of billions of people around the world. This investment by ADI is intended to strengthen the resilience of our supply chain for advanced semiconductor processes. We wish ADI continued success and look forward to continuing our 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 the scale of investment that has a positive impact on the European semiconductor industry.”