Analog Devices has revealed plans for a €630 million (roughly $685.39 million) investment in its European regional headquarters, located at the Raheen Business Park in Limerick, Ireland. The funds will be utilized to construct a cutting-edge 45,000 sq-ft Research & Development and manufacturing facility, says the company.
The investment is set to triple Analog Device’s European wafer production capacity, aligning with the company’s ambition to double its internal manufacturing capacity. The company says it expects to increase headcount by 600 new positions, in addition to the already existing 1,500 employees in Ireland and 3,100 employees across Europe.
The announcement comes on the heels of Anaglog Device’s €100 million investment last year in ADI Catalyst, a 100,000 sq-ft custom-built facility for innovation and collaboration at its Limerick campus. Ireland is also home to the company’s primary European Research and Development Center, responsible for generating over 1,000 patents since its establishment and seeding ADI R&D sites throughout Europe, including Spain, Italy, the UK, Romania, and Germany.
The new investment will be part of a collaboration within the European Union’s Important Projects of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME/CT) initiative.
[Image courtesy: Analog Devices]