FDI of the Month

FDI of the month March 2022: Analog Devices to create 250 jobs with Limerick-based investment

By Business & Finance
05 April 2022
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Semiconductor company Analog Devices will create 250 jobs with a €100 million investment in Limerick-based ADI Catalyst. Analog Devices will provide highly-skilled job opportunities focus on the development of software-enabled solutions and AI innovations. It is our FDI of the month March 2022.

Analog Devices is an American multinational company that manufactures semiconductors. They specialise in data conversion, signal processing and power management technologies. The €100 million investment in ADI Catalyst will create jobs mainly focused on the development of software-enabled solutions and artificial intelligence innovations in areas such as Industry 4.0, sustainable energy, automotive electrification and next-generation connectivity. ADI Catalyst is a 9,290sq m (100,000sq ft) facility located in the Raheen Business Park in Limerick.

One current Catalyst project aims at supporting healthcare’s migration from a mass-market approach to one of customised treatment and therapies. This investment is significant not just for the jobs it will create, but for the future of innovation.

“ADI Catalyst is our latest investment in the future of innovation, not just in Ireland or Europe, but globally,” said Analog chief executive Vincent Roche.

“It provides the ideal environment for experts in their fields to connect, collaborate, test and pilot new technologies, business models, and ecosystems.

“Opening ADI Catalyst enables us to share ideas, capabilities and resources with teams in Europe and around the world, for the greater good,” he added.

ADI has had a strong Irish presence for decades now. It has employed local people while helping to find innovative ways to create software-based solutions and progress technology onwards.

Martin Shanahan, IDA Ireland chief executive, lauded the investment in the Limerick-based facility: “Since 1976, ADI has had a presence here in Ireland, where it employs more than 1,300 people,” he said.

“This latest investment in ADI Catalyst is not only testament to the company’s continued focus on driving innovation, but also its long-standing commitment to Ireland and Europe more broadly.

“In choosing to expand operations here in Limerick, ADI has located in a region with a buoyant business ecosystem, a strong track record of established global businesses and talented and highly skilled workforce.”

Ireland is also home to ADI’s European Research and Development Centre, which develops technology and includes the assignment of more than 1,000 patents.

ADI launched its European manufacturing and research and development hub in Limerick in 1976. This remains its European headquarters today. ADI employs more than 2,200 professionals across 14 European sites. Analog Devices was established more than fifty years ago and currently serves 125,000 customers worldwide whilst boast over 6,400 patents.

On the company’s website, Analog Devices states that it is a global leader in the design and manufacturing of analog, mixed signal, and DSP integrated circuits to help solve the toughest engineering challenges.