Analog Devices Inc (ADI) has announced a major €100 million investment in its Co Limerick facility over the next three years.
The company, which is a global semiconductor manufacturer, is making the investment in ADI Catalyst, which is a 100,000 sq ft custom-built facility at its campus in the Raheen Business Park.
The expansion is set to create 250 jobs in the Irish market by 2025 as part of the company's European expansion.
The new roles will focus on the development of software-enabled solutions and artificial intelligence (AI), as well as sustainable energy, automotive electrification, and next generation connectivity.
One of the current Catalyst projects is focused on supporting healthcare’s migration from a mass market approach to one of customised treatment and therapies.
Tánaiste Leo Varadkar welcomed the news on Twitter, wishing the company the best of luck with the expansion.
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
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.
“ Opening ADI Catalyst enables us to share ideas, capabilities, and resources with teams in Europe, and around the world, for the greater good.”
ADI launched its European manufacturing and research and development hub in 1976 in Limerick which remains ADI’s European headquarters today. ADI employs more than 2,200 professionals across 14 European sites.
