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- \nNew facility intended to help accelerate advances in cutting-edge applications, including digital biology, electric vehicles, and robotics<\/p>\n<\/li>\n
- \nNew investment expected to result in 600 new jobs and the tripling of wafer production capacity at ADI\u2019s European regional headquarters in Limerick, Ireland<\/p>\n<\/li>\n
- \nThe investment is part of Ireland\u2019s first Important Projects of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME\/CT) application to the European Commission<\/p>\n<\/li>\n<\/ul>\n
WILMINGTON, Mass. & LIMERICK, Ireland–(BUSINESS WIRE<\/a>)–Analog Devices, Inc.<\/a> (Nasdaq: ADI), a global semiconductor leader, today announced a new \u20ac630 million investment at its European regional headquarters in the Raheen Business Park in Limerick, Ireland. The investment enables the construction of a new, state-of-the-art, 45,000 sq-ft Research & Development and manufacturing facility.<\/p>\n
\nThe new facility will support ADI\u2019s development of next-generation signal processing innovations designed to accelerate the digital transformation of Industrial, Automotive, Healthcare, and other sectors. It is expected to triple ADI\u2019s European wafer production capacity and aligns with the company\u2019s goal of doubling its internal manufacturing capacity to enhance the resiliency of its global supply chain and better serve customer needs. This investment is expected to grow ADI\u2019s employment footprint in the mid-west region of Ireland by 600 new positions, a significant increase to ADI\u2019s current 1,500 employees in Ireland and 3,100 employees in Europe as a whole.<\/p>\n
\nToday\u2019s announcement comes a year after ADI announced a separate investment of \u20ac100 million in ADI Catalyst<\/a>, its 100,000 sq-ft custom-built facility for innovation and collaboration at its Limerick campus. Ireland is also home to ADI\u2019s main European Research and Development Center, which has generated more than 1,000 patents since its inception and has seeded ADI R&D sites throughout Europe in Spain, Italy, UK, Romania, and Germany.<\/p>\n
\n\u201cSince 1976, Ireland has been a critical innovation center for ADI, thanks to its strong academic and research organizations, business ecosystem, and progressive government leadership,\u201d said ADI CEO and Chair Vincent Roche. \u201cThis next-generation semiconductor manufacturing facility and expanded R&D team will further extend ADI Limerick\u2019s global influence. Through organic R&D and close collaboration with our customers and ecosystem partners, we are striving to solve some of the world\u2019s greatest challenges and enable a more efficient, safer, and sustainable future.\u201d<\/p>\n
\nThe new investment is planned as part of a collaboration within the European Union\u2019s Important Projects of Common European Interest on Microelectronics and Communication Technologies (IPCEI ME\/CT) initiative, and will support cross-border collaborative research. ADI\u2019s IPCEI application \u2013 Ireland\u2019s first since the inception of the Important Projects of Common European Interest (IPCEI) initiative \u2013 is subject to final approval from the European Commission, and is supported by the Irish Government through IDA Ireland.<\/p>\n
\nAn Taoiseach Leo Varadkar TD said: \u201cThis is a really significant announcement for Limerick and the Mid-West region, which marks a new chapter in the longstanding relationship between ADI and Ireland. This massive \u20ac630 million investment is great news for local employment with lots of jobs being created during the construction phase, and 600 high-end graduate jobs. It means a significant expansion in the size and scale of ADI\u2019s research, innovation, and development, leading to new, highly innovative products. This investment is further evidence of the Government\u2019s commitment to bringing jobs to the Mid-West. Most IDA jobs created in recent years have been outside of Dublin, and Limerick has done particularly well with its deep talent pool, universities, airport, and infrastructure. This investment will also mean lots of spin-off jobs and contracts for local SMEs and Irish-owned businesses. ADI\u2019s investment is part of Ireland\u2019s commitment to develop Important Projects of Common European Interest, IPCEIs, and will contribute to Europe\u2019s broader microelectronics sector. The future is digital. There can be no such future without microchips and it\u2019s great that Ireland is such an important player in the supply chain.\u201d<\/p>\n
\nMinister for Enterprise Trade & Employment Simon Coveneysaid: \u201cThis is a much welcome announcement from Analog Devices and a great vote of confidence in Limerick and the Mid-West. It\u2019s also noteworthy that it\u2019s the latest in a series of major job announcements outside of Dublin. I\u2019m struck not only by the scale of the investment, but also the high quality positions that will result. I\u2019ll be visiting Analog Devices in Boston during a trade mission this week where we\u2019ll be looking forward to many more years of doing business in Ireland.\u201d<\/p>\n
\nIDA Ireland CEO Michael Lohan said: \u201cThe technology that ADI will develop at this facility in Limerick is at the very forefront of innovation and has the potential to revolutionise the lives of billions of people across the world. This investment by ADI is intended to strengthen our supply chain resilience for advanced semiconductor processes. We wish continued success to ADI and look forward to our continued partnership. This is a transformational investment for the Limerick site, for the Mid-West region, and for the semiconductor industry in Ireland. IDA Ireland is committed to supporting investments of scale that impact positively on Europe\u2019s semiconductor industry.\u201d<\/p>\n
About Analog Devices<\/b><\/p>\n
\nAnalog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With reported revenues of more than $12 billion in FY22 and approximately 25,000 people globally working alongside 125,000 global customers, ADI ensures today\u2019s innovators stay Ahead of What\u2019s Possible. Learn more at www.analog.com<\/a> and on LinkedIn<\/a> and Twitter<\/a>.<\/p>\n
About IPCEI<\/b><\/p>\n
\nImportant Project of Common European Interest (IPCEI) are large-scale, multi-country European projects that are of significant benefit to the EU economy, its citizens, economic growth, sustainability, and value creation. IPCEI are aimed at allowing Member States to support state-of-the-art innovation to address market or systemic failures in particular sectors. The first IPCEI on Microelectronics (IPCEI-me) began in 2018 and aims to complete its projects by 2024. The second IPCEI on Microelectronics; IPCEI-me 2, is in its final stages of approval and is aimed at supporting Europe\u2019s ambition to achieve semiconductor supply chain sovereignty. Ireland is one of 20 EU Member States participating.<\/p>\n
\nAll trademarks and registered trademarks are the property of their respective owners.<\/p>\n
Forward Looking Statements<\/b><\/p>\n
\nThis press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as \u201canticipates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cgoals,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cstrives,\u201d and variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, statements that refer to growth opportunities, innovations, developments, technology advancements, and expanding capabilities; increasing production capacity, expanding our facilities or manufacturing capabilities, and strengthening our supply chain resilience; our goals, programs, collaborations, strategic partnerships, business plans, product offerings, initiatives, and objectives; hiring and retaining personnel; expected trends, including market and industry trends, and acceleration of those trends; expected impact of our business including delivering a more efficient, safe and sustainable future; and other characterizations of future events or circumstances are forward-looking statements. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update any forward-looking statement.<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230514005037\/en\/<\/a><\/span><\/p>\n
\nAnalog Devices, Inc.
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Ferda Millan
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Ferda.Millan@analog.com<\/a><\/p>\nKEYWORDS:<\/b> Massachusetts Europe Ireland United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Technology Hardware Semiconductor<\/p>\n
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