€7m Siemens investment a significant endorsement for Shannon
- Firm to establish R&D operations in Shannon
- Will see 25 jobs created
Fianna Fáil TD for Clare Cathal Crowe has welcomed the announcement by German firm Siemens that it is to create a software research and development group in Shannon, with an investment of €7 million.
The multimillion-euro investment will focus on High Performance Computing (HPC) in the Cloud for semiconductor design and will see 25 highly skilled jobs created over the next three years.
“I’m delighted to see a company of Siemens’ standing give such a strong endorsement of Shannon, as a place where it will continue to do business for many years to come,” said Deputy Crowe.
“Siemens is a long-standing employer in this region and for it to invest such a significant sum of money in a cutting-edge development like this is very good news for Shannon and the Midwest.
“This project is supported by the government and the IDA and is the first ‘Cloud EDA’ R&D group to be established by Siemens globally – placing Shannon in a very unique position and one that will, I hope, lure other firms looking to enter the Irish market to our doorstep.
“Siemens already employs 150 people in Shannon and this move will see 25 new highly skilled positions created over the next three years – a figure I hope will continually grow too.
“Shannon’s location right beside the airport and a stone’s throw from the University of Limerick and the Technological University of the Shannon make it an ideal spot for graduates to live and work, which will in time rejuvenate this area.
“I look forward to seeing what is to come and I will continue to engage with the IDA and my colleagues in government to ensure that more investment like this comes our way.”