Medical device outsource manufacturer Integer said it plans to build a new medical device innovation and manufacturing facility in the Parkmore East area of Galway.
Integer's said its $30m investment will create between 100 and 200 jobs in the coming years.
The company said its new facility is needed to meet increased demand for regional research, development and manufacturing capabilities as well as capacity for catheters and delivery systems.
It adds to Integer's 15 global manufacturing sites and current presence in Ireland, which includes an R&D centre in Galway and manufacturing facilities in Galway and New Ross in Co Wexford.
Construction of the new plant is expected to start in 2022, with an estimated completion in late 2023.
Once complete, all new regional research, development and manufacturing will be housed in the new Galway facility, with equipment investments continuing over the following two to three years, the company said.
The company has been in Ireland for over 25 years and it currently employs about 1,300 people here, with 350 located in Galway.
Payman Khales, president of Integer's Cardio and Vascular business, said the new Galway facility will allow the company to continue its investments in research and development in this important medical device hub.
"The significant manufacturing space in the same facility will allow a seamless transition of new products from development to manufacturing, which will further enable us to help our customers bring products to market faster - a strategic priority as we advance our vision to enhance the lives of patients around the world," he added.
IDA Ireland CEO Martin Shanahan said today's investment is an important strategic move for the company, positioning it to meet growing demand globally for its products.
"This is a significant investment by a leading medical devices company and demonstrates Integer's continued commitment to Galway and the West Region. Integer is a valued employer in Ireland where it has access to a highly skilled and talented workforce," he added.
Tánaiste and Minister for Enterprise Trade and Employment Leo Varadkar said the new Integer jobs will create excellent employment opportunities for people in the area.
"This collaboration between IDA Ireland and Integer is another example of the valuable work that IDA Ireland do to bring investment into the country," Mr Varadkar said.