National semiconductor strategy targets 34,500 new jobs by 2040
The Government has launched a new national semiconductor strategy which aims to boost employment in the sector by 34,500 jobs by 2024.
Semiconductors, sometimes referred to as microchips, are used in everything from smartphones and computers, to the latest quantum computing and AI technology.
The semiconductor sector in Ireland currently has more than 130 indigenous and multinational companies providing 20,000 jobs and €13.5 billion in annual exports.
The new semiconductor strategy entitled "Silicon Island" is designed to strengthen Ireland's role in the global semiconductor industry by attracting further major multinational investment and supporting indigenous start-ups and spin-outs.
The plan aims to securing major industrial investments, including one leading edge fabrication facility in a regional location, two trailing-edge foundries, and one advanced packaging facility.
The strategy will also focus on strengthening research capacity and promoting Ireland internationally as a hub of semiconductor excellence.
"From AI to quantum computing and the green transition, semiconductors are at the core of global innovation," Minister for Enterprise, Tourism and Employment Peter Burke said.
"This strategy is Ireland's commitment to helping deliver on the European Chips Act and to becoming a global leader in this vital sector. Ireland is turning to chips as the next big opportunity," Mr Burke said.
The plans set out in the strategy will be guided by an industry-led Semiconductor Advisory Council.
Professor William Scanlon, the CEO of Tyndall National Institute, welcomed the publication of the strategy.
"As the national institute for semiconductors, Tyndall is proud to play our part in the delivery of the strategy through collaborative research and innovation and the development of talent and skills," Professor Scanlon said.
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