ADI Announces €630 Million Investment in Next Generation Semiconductor R&D and Manufacturing Facility in Limerick
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Update time : 2023-05-22 11:34:36
ADI, a leading global semiconductor company, recently announced plans to invest 630 million euros in a new 45,000 square foot state-of-the-art R&D and manufacturing facility at its European regional headquarters in Raheen Business Park, Limerick, Ireland.
The new facility will support ADI's development of next-generation signal processing innovations designed to accelerate digital transformation in industrial, automotive, medical and other industries. The move is expected to triple ADI's current European wafer capacity and help the company achieve its goal of doubling its internal manufacturing capacity to enhance the resiliency of its global supply chain and better meet customer demand. The investment is expected to bring 600 new jobs to ADI in the Midwest region of Ireland. Currently, ADI employs 1,500 people in Ireland and 3,100 across Europe. The investment comes a year after ADI announced a 100 million euro investment in ADI Catalyst, a 100,000 square foot innovation collaboration site in Ireland's Limerick Park. ADI R&D facilities have been established in Spain, Italy, UK, Romania and Germany. Ireland has been an important innovation center for ADI since 1976, thanks to its strong academic and research organization, business ecosystem, and active government leadership," said Vincent Roche, ADI Chairman of the Board and CEO. The next-generation semiconductor manufacturing facility and expanded R&D team will further expand the global reach of ADI's Limerick site. Through in-house R&D and close collaboration with our customers and ecosystem partners, we are working to solve some of the major challenges worldwide and build a more efficient, secure and sustainable future." This investment is part of the EU's European Common Interest Priorities for Microelectronics and Communication Technologies (IPCEI ME/CT) initiative collaboration and will support cross-border collaborative research. As Ireland's first application since the launch of the Program of European Common Interest Priorities (IPCEI), ADI's IPCEI application is supported by the Irish government through the Irish Investment Development Agency (IDA Ireland) and is currently pending final approval by the European Commission.
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