WATCH: Taoiseach Leo Varadkar welcomes €630m investment and 600 new jobs at Analog Devices

Taoiseach Leo Varadkar has welcomed the news of a €630m new facility at Analog Device's base in Limerick. 

The company will also create an extra 600 jobs at its European headquarters in Raheen - bringing the total workforce to more than 2,000.

An Taoiseach travelled to Limerick on Monday to mark the announcement by the company who have been located in Raheen since the 1970s. 

Speaking in Raheen, Mr Varadkar said Limerick is on the "cutting edge" of micro-electronics and the digital revolution. 

"There have been a number of significant investment around the country, not just in Dublin but in places like Limerick and Athenry as well. 

"We are showing that the Irish economy is going strong and that people want to invest in Ireland.

"We expect to see our economy grow very strongly in the years to come". 

Analog Devices is one of the biggest semiconductor companies in the world - researching and developing integrated circuits used in electronic equipment across a huge range of everyday devices.

The investment aims to develop next generation technologies and software to accelerate digital transformation in industrial, health and other sectors.

The €630m investment by Analog Devices, which is supported by IDA Ireland, will fund the construction of a new 45,000 square foot research and development and manufacturing facility.

The €630 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.