60 new jobs and an investment of $50m have been announced by technology company Xilinx.

The jobs will be based in Dublin and Cork. 45 of the new jobs are in the high end engineering area and the remaining 15 in support.

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

The company's EMEA headquarters in Dublin houses R&D, engineering and IT centre along with centralised supply, finance, legal and HR functions.

The development was formally announced by the Minister for Jobs, Enterprise and Innovation, Richard Bruton, and is supported by IDA Ireland.