Analog Devices to invest €23m in Limerick division

THE Mid-West’s battered economy got some welcome news this week when Minister for Enterprise, Trade and Employment Batt O’Keeffe announced a €23 million investment in innovation by Analog Devices.
Analog Devices came to Limerick in 1977 and employs more than 1,000 people in high-end manufacturing and design.
The €23m investment, which builds on research and development activity in the plant, will be in the manufacturing division. The investment is being supported by the State through IDA Ireland.
Minister for Enterprise, Trade and Innovation Batt O’Keeffe welcomed the investment.
“Analog Devices’ investment will strengthen the firm’s strategic position in the global semiconductor industry and consolidate its presence in Limerick. The Government is eager to support innovation and research and development activity in indigenous enterprises and multinationals, so it is encouraging that a company of Analog Devices’ calibre is investing in its team and operation in Ireland.”
The company’s vice-president of manufacturing, Dennis Dempsey said, “The decision to further invest in research and development at our Limerick campus is a very positive one for our local operations and is in keeping with the focus on innovation, investment and change that has always been at the forefront of our operations here, both in high-end manufacturing and integrated circuit design.
“This new investment will facilitate broadening the scope of the company’s research mandate as we undertake new process developments for the corporation. Our high-end manufacturing operations and our highly skilled workforce will continue to maintain their competitive edge as a result of this investment,” Mr Dempsey said.