US-headquartered company Microchip Technology is to invest $20 million (€16.4m) to create a new development centre based in Cork. The development will create 60 new jobs over the next three years and about 200 jobs within the next seven years. Close partnerships with Irish universities will enable the Microchip development centre to offer internships and collaborate on key next-generation initiatives. IDA Ireland said the partnership between the development centre and universities will “enhance the knowledge base and skill levels of engineers in the semiconductor development space in Ireland”. “The company’s investment in a new development centre aligns with IDA’s strategy to attract engineering development activity to Ireland and to secure investments for regional locations,” he said.

Source: The Irish Times February 23, 2021 08:13 UTC