Qualcomm Technologies is to establish a Research and Development facility in Cork city with an investment of €78m.
The investment is expected to create hundreds of highly skilled engineering roles over the next four years.
The project is supported by the Government through IDA Ireland, which said that it will significantly enhance the reputation of the Irish semiconductor industry.
Qualcomm Technologies' local affiliate moved into the new 4,600 m2 facility at Penrose Dock in Cork city centre in October. It already has a facility in Mahon.
It is recruiting for roles in the ASIC areas of digital, analog, machine learning, automotive, CAD, automation, system validation, advanced design for new technologies and software engineering.
Ajay Bawale, vice president of Engineering at Qualcomm Technologies, said the company was excited about the new workplace in Penrose Dock.
"Not only are the offices state of the art, but they also have specially purposed and designed labs to enable continued ground-breaking security and validation work," he added.
The CEO of IDA Ireland, Martin Shanahan, said that Qualcomm's new R&D centre in Cork will operate on the cutting edge of technological innovation in Ireland.
"It is a terrific project for Cork and the South West region, and demonstrates IDA Ireland's proven record of winning investments for regional locations. This investment also significantly enhances the reputation of the Irish semiconductor industry, adding to Ireland's strong standing in microelectronics R&D," he added.
The Tánaiste and Minister for Enterprise Trade and Employment Leo Varadkar said that Ireland is known for being one of the leading research, development and innovation locations in the world.
"This announcement from Qualcomm to invest €78m to establish a new Research and Development centre in Cork, is expected to create hundreds of highly-skilled roles over the next four years," the minister said.
"Our skilled and talented workforce allows companies like Qualcomm to embed and grow their operations here," he added.