Analog Devices, one of the biggest and longest established tech companies in the country, has announced a €100 million investment at its plant at Raheen in Co Limerick.
The investment will see it add an additional 250 employees to its workforce over the next three years.
The company is a global leader in the design and manufacture of analog and digital integrated circuits - making 75,000 products used in virtually all types of electronic equipment.
They are now investing €100 million in its new ADI Catalyst facility, where their engineers will collaborate directly with clients and suppliers working on design specific accelerated solutions, in highly technological simulated and robotic led environments.
Some of their projects involve designing specific car airbag sensors, as well as customised treatment and therapies in the healthcare area.
The additional 250 jobs will join an existing workforce of 1,300 at the Raheen plant.
CEO of Analog Devices, Vincent Roche, said the new Catalyst facility in Limerick is an important part of their global investment, which provides an ideal environment for experts from across the world to connect, collaborate, test and pilot new technologies and business models.
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The company manufactures semiconductors - critical components for electronic devices. There is a global shortage of semiconductors which is impacting a wide range of industries, and there is pressure on Analog Devices to deliver.
Senior Vice President of Industrial, Consumer & Multi-Markets, Martin Cotter, said the company's components are used in everything from electric vehicles to smart phones.
"Demand for semiconductors is very high. We are investing in our capacity to deliver. We have to deliver to all of our customers as fairly and equally as possible," he added.