MIDAS Ireland member, Maxim Integrated will spend more than €23 million on a new design centre at its Irish base that could create up to 100 jobs.
The San José, California-based multinational confirmed on Wednesday that it is investing $25 million (€23.16 million) on building a new design centre at its Irish subsidiary, in Clonskeagh, Dublin.
The company explained that it would spend the $25 million mainly on recruiting workers, equipment and building the design centre, which will be the seventh such facility that Maxim has opened in Europe.
John Kirwan, Maxim Integrated’s vice-president of global customer operations, said he was “thrilled” that the company had chosen Dublin for its latest centre.
David Dwelley, the multinational’s chief technology officer, said Maxim hoped to push innovation at the company “even further”.
Martin Shanahan, chief executive of IDA Ireland, the State agency responsible for attracting multinationals such as Maxim to the Republic, said he was delighted the company had chosen to locate its design centre here.
“Tech talent and investment are integral to the company’s continued growth, and this investment will enhance the technology offering in the engineering and design space in Ireland, ” Mr Shanahan added.
Maxim began trading in the early 1980s and floated on the New York Stock Exchange towards the end of that decade. It is an S&P 500 company and employs more than 7,000 people.