- New facility intended to help accelerate advances in
cutting-edge applications, including digital biology, electric
vehicles, and robotics
- New investment expected to result in 600 new jobs and the
tripling of wafer production capacity at ADI’s European regional
headquarters in Limerick, Ireland
- The investment is part of Ireland’s first Important Projects of
Common European Interest on Microelectronics and Communication
Technologies (IPCEI ME/CT) application to the European
Commission
Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor
leader, today announced a new €630 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.
The new facility will support ADI’s 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’s
European wafer production capacity and aligns with the company’s
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’s employment
footprint in the mid-west region of Ireland by 600 new positions, a
significant increase to ADI’s current 1,500 employees in Ireland
and 3,100 employees in Europe as a whole.
Today’s announcement comes a year after ADI announced a separate
investment of €100 million in ADI Catalyst, its 100,000 sq-ft
custom-built facility for innovation and collaboration at its
Limerick campus. Ireland is also home to ADI’s 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.
“Since 1976, Ireland has been a critical innovation center for
ADI, thanks to its strong academic and research organizations,
business ecosystem, and progressive government leadership,” said
ADI CEO and Chair Vincent Roche. “This next-generation
semiconductor manufacturing facility and expanded R&D team will
further extend ADI Limerick’s global influence. Through organic
R&D and close collaboration with our customers and ecosystem
partners, we are striving to solve some of the world’s greatest
challenges and enable a more efficient, safer, and sustainable
future.”
The new investment is planned as part of a collaboration within
the European Union’s Important Projects of Common European Interest
on Microelectronics and Communication Technologies (IPCEI ME/CT)
initiative, and will support cross-border collaborative research.
ADI’s IPCEI application – Ireland’s first since the inception of
the Important Projects of Common European Interest (IPCEI)
initiative – is subject to final approval from the European
Commission, and is supported by the Irish Government through IDA
Ireland.
An Taoiseach Leo Varadkar TD said: “This 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 €630 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’s research,
innovation, and development, leading to new, highly innovative
products. This investment is further evidence of the Government’s
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’s
investment is part of Ireland’s commitment to develop Important
Projects of Common European Interest, IPCEIs, and will contribute
to Europe’s broader microelectronics sector. The future is digital.
There can be no such future without microchips and it’s great that
Ireland is such an important player in the supply chain.”
Minister for Enterprise Trade & Employment Simon Coveney
said: “This is a much welcome announcement from Analog Devices and
a great vote of confidence in Limerick and the Mid-West. It’s also
noteworthy that it’s the latest in a series of major job
announcements outside of Dublin. I’m struck not only by the scale
of the investment, but also the high quality positions that will
result. I’ll be visiting Analog Devices in Boston during a trade
mission this week where we’ll be looking forward to many more years
of doing business in Ireland.”
IDA Ireland CEO Michael Lohan said: “The 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’s
semiconductor industry.”
About Analog Devices
Analog 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’s innovators stay Ahead of
What’s Possible. Learn more at www.analog.com and on LinkedIn and
Twitter.
About IPCEI
Important 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’s ambition to achieve
semiconductor supply chain sovereignty. Ireland is one of 20 EU
Member States participating.
All trademarks and registered trademarks are the property of
their respective owners.
Forward Looking Statements
This 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
“anticipates,” “expects,” “intends,” “goals,” “plans,” “believes,”
“seeks,” “estimates,” “continues,” “may,” “will,” “would,”
“should,” “could,” “strives,” 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230514005037/en/
Analog Devices, Inc. Ferda Millan Ferda.Millan@analog.com
Grafico Azioni Analog Devices (NASDAQ:ADI)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Analog Devices (NASDAQ:ADI)
Storico
Da Ott 2023 a Ott 2024