Maxim Integrated Products, a firm which designs and manufactures analog, mixed-signal, high-frequency, and digital circuits, announced plans to establish a new international business operation in Dublin with the creation of 50 jobs initially.
Recruitment has already begun for the positions which include accountants, financial analysts, supply-chain specialists, IT technicians, and multilingual customer-service staff. The firm said it intended to create an additional 50 jobs by 2012.
Maxim's new business, financial and technical customer services centre will serve the Europe, Middle East and Africa (EMEA) region, along with parts of Asia.
The company, which was founded in 1983 and is headquartered in Silicon Valley in California, has been profitable every year since it went public in 1988. It employs approximately 8,800 people worldwide and operates 34 international technology centers and 24 sales offices around the globe.
Maxim's products are used in portable and consumer devices like mobile phones, laptops, handheld Internet devices, cameras, set-top boxes, and LCD televisions. The firm's chips also operate in numerous automotive, medical, industrial, broadband and communications functions and in a vast array of other electronic systems.
Announcing the good news, Irish employment minister Mary Coughlan said the development was facilitated by the Irish government through IDA Ireland.
"The decision by Maxim Integrated Products to locate its International Business Services Center in Dublin reinforces Ireland's international reputation as a thriving centre for the delivery of international business services," she said.
"Maxim is a technically innovative, leading-edge company and its products are world-renowned in the ICT industry and the high caliber of the jobs to be created by the company reflects the Irish government's strategy for a smart economy."
Tunc Dlouca, president and CEO of Maxim, said Dublin would be a "strategically important international center" for the firm.
"The positions we are creating in Dublin will support our presence in key markets across the EMEA region, and will add long-term value to our global business development," he said.