The Mayor of the City and County of Limerick, Cllr Francis Foley and Chief Executive of Limerick City and County Council, Dr Pat Daly are welcoming the proposed expansion of Analog Devices International (ADI) in Raheen.
ADI is announcing investment of €630 million in a next generation semiconductor R&D and manufacturing facility.
Mayor Francis Foley said: “Today’s announcement is a further and very welcome commitment to Limerick by Analog Devices Ireland who have been part of this community since 1976. It’s just 14 months since Analog announced a €100 million investment in its ADI Catalyst project in Raheen with the creation of 250 jobs. They are now adding another 600 positions with the €630 million investment being announced today. This is a further endorsement of Limerick’s attractiveness for Foreign Direct Investment. Our talent pool, quality of life and the supports on offer give Limerick an edge and global companies find success in Limerick’s embrace.”
Chief Executive of Limerick City and County Council Dr Pat Daly said: “Analog Devices are a global leader and one of Limerick’s stalwart FDI companies. Their growing success is also a success for the region. The investment of a further €630 million in their European Headquarters in Raheen demonstrates to other companies that they will find the talent and the supports they need to grow and achieve success here in Limerick. As well as creating 600 high end graduate positions there will be a significant number of jobs created during the construction phase of the new facility. FDI companies enjoy collaborative support from Limerick City and County Council, other state agencies and our top-class third level educational institutes. By working together, we are showing global companies that Limerick is the right fit for them.”