The company said the investment aligns with its goal of doubling its internal manufacturing capacity to enhance the resiliency of its global supply chain and better serve customer needs.
Its current Limerick facility has generated more than 1,000 patents since its inception and has seeded research and development sites throughout Europe in Spain, Italy, UK, Romania, and Germany. IDA Ireland chief executive Michael Lohan said the technology the group will develop at the facility “is at the very forefront of innovation and has the potential to revolutionise the lives of billions of people across the world”.
Taoiseach Leo Varadkar said: “This is a really significant announcement for Limerick and the mid-west region, which marks a new chapter in the longstanding relationship between Analog Devices and Ireland.