Jobs boost welcomed
An American company is set to invest $20m in Cork, it was announced this week.
Microchip Technology is making the multi-million investment in a new development centre which is set the open soon.
The company said on Tuesday that it will create 60 new jobs over the next three years and approximately 200 jobs within the next seven years.
Located close to the city centre, the facility will incorporate an engineering lab to support state-of-the-art innovation and extend Microchip’s regional customer support.
Taoiseach Micheál Martin said: “I welcome Microchip Technology’s $20m investment in a new development centre in Cork. Eventually this centre will create 200 new jobs and is further testament to the depth of engineering and research talent in the country.
“The partnerships established with leading Irish universities will also ensure strong opportunities for graduates in the growing digital economy. I wish them every success.”
The creation of jobs will include engineers for integrated circuit design and testing, hardware and software system design, applications development, plus field and customer support.
Minister for Enterprise Trade and Employment Leo Varadkar TD said: “There is a deep pool of talent in Cork and the South West enabling companies like Microchip to grow and embed their operations in Ireland.”
Close partnerships with Irish universities will enable the Microchip development centre to offer internships and collaborations on key next-generation initiatives.
The partnership between the development centre and leading universities in Ireland will enhance the knowledge base and skill levels of engineers in the semiconductor development space in Ireland.
Ganesh Moorthy, President and CEO-Elect of Microchip, said: “Cork was chosen for the development centre as it is the second-largest city in Ireland, with a growing pool of talented engineers and the centre will add to Microchip’s ability to deliver superior products and be able to provide timely response to our customers. Availability of analogue and mixed-signal talent is another key factor in selecting Cork.”