ADI invests Euro 630 M in Ireland to ensure semiconductor global supply chain resilience

Precision and safety critical applications focused semiconductor vendor Analog Devices to invest Euro 630 million at its European regional headquarters in the Raheen Business Park in Limerick, Ireland. The money to spend on construction of a new, state of art 45K square feet research and semiconductor fab facility. Eying the growing digital transformation of Industrial, Automotive, Healthcare, Analog Devices to leverage this facility for its next-gen analog and mixed signal chain processing semiconductor solutions. With this ADI is rising its internal manufacturing capacity by two times and to triple its European semiconductor wafer production capacity. This is strategically planned to ensure resiliency of its global supply chain in today's volatile geopolitical situation. To protect the local semiconductor industry along with US, Europe too working on projects such as Common European Interest on Microelectronics and Communication Technologies (IPCEI ME/CT) initiative. Analog Devices is collaborating with IPCEI ME/CT initiative, and will support cross-border collaborative research. ADI said its 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. Analog Devices to hire 60...