Technology company Xilinx has announced 60 new jobs and an investment of almost €40 million at its plants in Dublin and Cork.

The company already employs 250 people in Dublin developing and making electronic chips that are used worldwide.

It also employs four people in Cork and 20 in Belfast.

Xilinx specialises in integrated circuits for computers, particularly so-called "logic boards".

The company said 45 of the new jobs are in the high-end engineering area and the remaining 15 in support.

The new positions will be filled over two and a half years while the investment will be over five years.