UP to 100 highly-paid engineering jobs are to be created at a new €50 million R&D facility at the Analog Devices plant in Limerick.
The company which came to Limerick 35 years ago, employs over 1,000 at its site on the Raheen industrial estate.
Hundreds of construction jobs will also be created during the development of the 140,000sq ft new addition to the main plant.
Analog Devices which has it’s headquarters in Norwood, Massachusetts, is a world leader in data conversion technology and serves more than 60,000 companies worldwide with it’s technology.
Up to 800 of the Limerick workforce are engineering graduates who now develop nearly 20% of the company’s new products which are patented.
Minister for Jobs, Enterprise and Innovation, Richard Bruton who made the announcement at the plant said not only do we need to attract multinational investments, but we must also ensure where possible that these investments bring R&D and high-value jobs to the economy.
“Not only does this create crucial jobs, but it also creates substantial spin-off benefits to Irish businesses and researchers and ultimately to the economy. Today’s announcement is building on Analog Devices long-standing commitment to the mid-west.”
Mr Bruton said the company’s 35 years in Limerick had been all about innovation, performance and excellence and it was exciting that Limerick was a core part of the company’s dynamic development of products.
He said this government will do everything it can to ensure that yesterday’s announcement can be replicated across the economy in the coming years.
Finance Minister Michael Noonan, who also attended the announcement of the new R&D facility, said it was an example of the continued commitment by our multinational partners to Ireland.
“Analog Devices choice of Limerick for this investment underscores the excellent skill set available in Ireland, the strong record of innovation in the mid-west and the calibre and seniority of Analog Devices management team based here,” he said.
Jerry Fishman, president and chief executive of Analog Devices, said Limerick has long been a strategic part of their global operations.
“The new investment demonstrates how well regarded the Irish team is internationally and will help further strengthen the strategic nature of the Irish operation in our evolving R&D network.”
He praised the quality of graduates coming into their company from Irish universities and said: “We have a phenomenal crew here and it would be very hard to replicate.”
The current uncertain climate, Mr Fishman said, was the time to make long term commitment.
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