ON Semiconductor is to unveil plans to create 50 jobs at its centre in Raheen this Monday.
The company, which manufactures devices for the communications, computing, lighting, and medical industries among others, has acquired a new 2,000 square metre building in the Raheen Industrial Estate.
And this will see it almost double its workforce over the next five years.
Finance Minister Michael Noonan is to officially open the new facility, which will act as a research and development centre, a design centre for circuit boards, and a laboratory which allows for the evaluation of prototype designs to evaluate whether they are working fully to specification.
John Blake, the company’s design centre director, says this will lead to the creation of 50 engineering positions in Raheen.
Since opening in 2008 in Limerick, ON Semiconductor - which employs 47 people now - has been in rented accommodation in the Raheen Industrial Estate.
But this new building sees the Arizona-based firm, which has offices across the world, move into its own building in Limerick.
Mr Blake said the third-level institutions in Limerick have been very important to ON Semiconductor’s continued success in the city. “We have worked with the local colleges in taking on co-operative students each year in the hope we can hire them into permanent positions,” he explained, “As well as this, we connect with the other universities in Limerick and Ireland to carry out research projects.”
Limerick Chamber chief executive Maria Kelly welcomed the news.
“The news is yet another welcome boost for the region and underpins Limerick as a national employment and investment hub,” she said.