Qualcomm Technologies to invest €125m in Cork facility

Core Insights - Qualcomm Technologies announced a €125 million investment to transform its Cork site into a strategic AI hub over the next three years, with plans to increase headcount to over 1,000 people [1] Group 1: Investment and Expansion - The investment will establish a new R&D&I project in Cork, aligning with Qualcomm's diversification strategy into areas such as PC, XR/VR, IoT, automotive, and data centers [3] - This investment is supported by IDA Ireland and reflects Qualcomm's commitment to Ireland's innovation ecosystem [4][5] Group 2: Strategic Importance - Qualcomm's presence in Cork since 2013 has fostered strong relationships with local universities, supporting the next generation of engineers through internships and job opportunities [2] - The investment positions Qualcomm Ireland at the forefront of technological and product development in the AI era, highlighting Cork's role as a strategic global R&D hub [5][6] Group 3: Government and Industry Support - The investment is seen as a significant endorsement of Ireland's ambition to lead in advanced research and next-generation computing [6][7] - It strengthens Ireland's position as a hub of deep-tech innovation, creating hundreds of high-value jobs and supporting the National Semiconductor Strategy [7][8] Group 4: Company Background - Founded in 1985 and headquartered in San Diego, Qualcomm is a leading fabless semiconductor company, developing critical advanced semiconductor technology across various sectors including mobile, wearables, and automotive [9]