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ADI Announces €630 Million Investment in Next Generation Semiconductor R&D and Manufacturing Facility in Limerick

Update time : 2023-05-18 14:30:48

Analog Devices, Inc. (Nasdaq: ADI), a leading global semiconductor company, announced that it will invest €630 million 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 the digital transformation of 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 resilience 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. ADI currently employs 1,500 people in Ireland and 3,100 across Europe.
The investment comes a year after ADI announced a €100 million investment in ADI Catalyst, a 100,000 sq. ft. innovation collaboration site at the Limerick campus in Ireland, which is also the main home of ADI's European R&D centre, which has been awarded more than 1,000 patents since its inception and has established ADI R&D facilities in European countries such as Spain, Italy, the UK, Romania and Germany. ADI R&D facilities have been established in Spain, Italy, UK, Romania and Germany.
Ireland has been an important innovation hub for ADI since 1976, thanks to its strong academic and research organization, business ecosystem, and active government leadership," said Vincent Roche, Chairman of the Board and CEO of ADI. The next generation of semiconductor manufacturing facilities and the 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."
The 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 Priority Projects of Common European Interest (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.
Leo Varadkar, Prime Minister of Ireland, said: "This announcement is extremely significant for Limerick and the Midlands and marks the start of a new chapter in ADI's long-standing partnership with Ireland. 630 million euros of significant investment is good news for local employment, with a significant number of jobs created during the construction phase and a further 600 high-end graduate jobs. The move could significantly scale up ADI's research, innovation and development, leading to highly innovative new products. The investment is also further evidence of the Irish Government's commitment to creating jobs in the West Midlands. In recent years, the majority of new jobs at IDA have been located outside of Dublin. Limerick is doing particularly well in this regard with its deep pool of talent, universities, airport and infrastructure. The investment will also bring a significant number of spin-off jobs and contracts to local SMEs and Irish businesses. the ADI investment is part of Ireland's commitment to develop a focus on European common interests (IPCEI) and will contribute to widening the boundaries of the microelectronics industry in Europe. We are on the verge of a digital future and building such a future requires the involvement of microchips. It is great to have Ireland playing such an important role in the supply chain."
Simon Coveney, Ireland's Minister for Enterprise, Trade and Employment, said, "This announcement from ADI is very welcome and underlines the confidence in Limerick and the West Midlands. It is also worth noting that this is the latest in a series of major job announcements outside of Dublin. The scale of this investment and the resulting high quality jobs are unprecedented and I will be visiting ADI in Boston during my trade visit this week. I look forward to ADI continuing to do business in Ireland in the future."
Michael Lohan, CEO of IDA Ireland, said: "The technologies that ADI will develop at its Limerick site are at the forefront of innovation and have the potential to revolutionise the lives of billions of people around the world, and this investment by ADI is designed to increase the resilience of the supply chain for advanced semiconductor processes. We wish ADI continued success and look forward to continuing our relationship. This is a transformative investment for Limerick, the West Midlands and the Irish semiconductor industry. iDA Ireland is committed to supporting large-scale investments that have a positive impact on the European semiconductor industry."

About IPCEI

The Programme for European Common Interest Priorities (IPCEI) is a large European multi-national project of great benefit to the EU economy, citiz ens, economic growth, sustainability and value creation.IPCEI is designed to enable Member States to support cutting edge innovation that addresses market or system challenges in specific industries. The first IPCEI on microelectronics (IPCEI-me) started in 2018, with projects planned to be completed by 2024. The second IPCEI on microelectronics, IPCEI-me 2, is in the final stages of approval and aims to help Europe achieve its ambitious goal of semiconductor supply chain sovereignty. Ireland is one of the 20 EU member states involved.

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