£57m investment to create 25 new jobs at Seagate Derry
Seagate Technology has announced an investment of £57.4m on their Londonderry Springtown plant.
Seagate’s investment of £47.4 million is being supported by Invest Northern Ireland with an offer of £9.95 million.
The funding will be focused on enabling further research and development in nanophotonics, and will create 25 highly skilled new jobs.
Seagate Derry currently employs over 1400 people in a variety of roles.
Chief Executive Officer of Seagate Technology Dave Mosley said innovation had been at the heart of the group's success.
“Today’s investment extends a successful, collaborative partnership with Invest Northern Ireland and will further strengthen our ability to deliver customer-centric technology leadership for the data-driven future of the global economy,” he said.
Noel Lavery, Permanent Secretary at the Department for the Economy, welcomed the investment.
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“Effective collaboration between Invest NI and Seagate has once again boosted the North West and the wider Northern Ireland economy by delivering investment and well-paid jobs in a sector with a strong future,” he said.
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