THE Raheen Industrial Estate got a major jobs boost this week with news almost 70 jobs are being created at a high-tech firm.
ON Semiconductor has announced a €13m investment to expand its design centre in Raheen.
Some 69 engineering jobs are coming on stream, as the company looks to enhance its research and development options for power efficient solutions for use in computing and consumer applications.
The IDA-backed jobs are expected to be created across the next four years.
A supplier of high performance silicon solutions for energy efficient electronics, ON Semiconductor currently employs 31 people.
The announcement was made as part of Microelectronics Week, which exists to maximise the economic potential of the microelectronics in Ireland.
John Blake, the director of ON Semiconductor’s design centre, said in order for the microelectronics sector to reach its employment potential, there is a need for increased focus on the provision of support for start-up firms in the sector.
He called on the government to increase the level of public research and development funding which it directs to the microelectronic sector.
“The team at ON Semiconductor is delighted to play its part in helping to ensure that job creation potential is realised through this further investment in our R&D facility in Limerick. We’re grateful for the support of the Government and its agencies - particularly the IDA which has provided support through its Research, Development and Innovation Programme,” he said.
FInance Minister Michael Noonan was pleased at the jobs announcement, confirmed in Dublin.
“There are things happening every week, and I hope to continue to drive it forward. I pledge to drive the agenda as hard as I can. We can talk ourselves into a total mood of depression, but there are an awful lot of good things happening,” Mr Noonan said.
Local Fine Gael TD Kieran O’Donnell has welcomed the jobs announcement.
“This is a vote of confidence in Limerick and the region. This announcement is the latest in a series of jobs announcements made since the Government took office,” he said.
IDA CEO Barry O’Leary added: “The fact ON Semiconductor has chosen its Limerick operation in which to conduct such high value research is a testament to the skills and track record of the firm’s Limerick team.” The latest jobs announcement brings to almost 400 the number of IDA-backed jobs confirmed for the region this year. In Raheen, Dell and Analog are creating positions.