Seagate Technology announced a package of investments totaling approximately £57.4 million centered on its wafer manufacturing plant at Springtown in Londonderry. 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, cementing Springtown’s position as a leader in world class technology innovation, and creating 25 highly skilled new jobs.
Dave Mosley, Chief Executive Officer of Seagate Technology, Noel Lavery, Permanent Secretary at the Department for the Economy and Jeremy Fitch, Executive Director at Invest Northern Ireland, celebrated the announcement at the Seagate Springtown site with employees, local community and business representatives, including Queen’s University Belfast. According to a recent IDC study sponsored by Seagate, global data creation will grow from 33 zettabytes in 2018 to 175 zettabytes by 2025, with big data analytics, smart cities and machine learning technologies driving the need to deliver greater data storage capacity.
