ANALOG Devices has announced it is to create 100 jobs at its campus in Raheen as part of a â‚¬50 million investment in research and development.
The investment programme focuses on the expansion of the companyâ€™s robust R & D capabilities in Limerick and is supported by the Irish Government through IDA Ireland.
The jobs will be created over the next five years and a 140,000-square-foot R&D centre, including specialised laboratory space, will be constructed as part of this investment,
Analog Devices has been operating in Ireland for 35 years and currently employs over 1,000 people in Limerick.
Welcoming the announcement, Richard Bruton, Minister for Jobs, Enterprise and Innovation said: â€œIf Ireland is to achieve the jobs it so badly needs, we must not only continue to attract multinational investments, but we must also ensure where possible that these investments bring R&D and high-value jobs to our 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. Todayâ€™s announcement that Analog Devices is building on its long-standing commitment to the Mid-West with the expected creation of 100 high-value R&D jobs is great news.â€
Minister for Finance, Michael Noonan, said: â€œThis investment is a further boost for the economy in the Mid-West and is an example of the continued commitment by our multinational partners to Ireland. Analog Devicesâ€™ choice of Limerick for this investment underscores the excellent skill set available in Ireland, the strong track record of innovation in the region and the calibre and seniority of Analog Devicesâ€™ management team based here.â€
Speaking at the press conference, to announce details of the investment, Jerald Fishman, President and CEO, Analog Devices said, â€œI am delighted to announce our decision to make a further investment in our Irish operations. The contributions of our Limerick-based team over the past 35 years guided our decision to build a dedicated R&D facility here in Ireland. Innovation is at the heart of everything that we do, and our Irish team is playing a key role in charting our course for the future.â€