(RTTNews) – Analog Devices Inc. (ADI) on Monday announced a new investment of €630 million in its European regional headquarters in Limerick, Ireland, to build a new, state-of-the-art, 45,000 sq. ft. R&D and manufacturing facility.
The company said the new facility will support ADI’s development of next-generation signal processing innovations designed to accelerate the digital transformation of industrial, automotive, healthcare and other sectors.
This is expected to triple ADI’s European wafer production capacity and aligns with the company’s goal of doubling its internal manufacturing capacity to increase the resilience of its global supply chain and better meet customer needs.
In addition, this investment is expected to increase ADI’s employment footprint in the mid-west region of Ireland by 600 new positions, a significant increase from ADI’s existing 1,500 employees in Ireland and 3,100 across Europe.
The new investment is planned as part of the EU Cooperation on Key Projects of Common European Interest on Microelectronics and Communications Technologies (IPCEI ME/CT) initiative, and will support cross-border collaborative research.
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.