MCCI ANNOUNCES FURTHER GROWTH AND HIGH PERFORMANCE FOR IRELAND’S MICROELECTRONICS INDUSTRY
Cork, 1 July 2019: MCCI is one of Ireland’s highest performing research centres with a return on investment ratio of 4:1 to date on government investment at the centre. At the launch of the MCCI Annual Report today , it was announced that the centre has further increased research revenue from €7.5 million in 2018 to €8.1 million in 2019, and continued growth is expected at the centre.
Based at Tyndall National Institute and funded by Enterprise Ireland and the IDA, MCCI was founded to deliver high impact research for the semiconductor industry and to generate high impact innovative technology. The MCCI Annual Report 2019 shows that the centre is an exemplar for research centres in Ireland and Europe.
Speaking at the launch of the MCCI Annual Report at the Department of Enterprise, Business and Innovation, MCCI Executive Director Donnacha O’Riordan said, “Microelectronics is a key enabling technology which is fundamental to, and underpins all electronic systems, and that continues to address strong worldwide growth opportunities. At MCCI, we aim to support Ireland’s microelectronics sector through deep technology research and innovation, as well as creating a strong pipeline of talent to support the sector’s growth here. This year’s Annual Report tracks our growth very positively across revenues, impact, IP licences and researchers supported.”
More than 8,000 people are directly employed and annual direct export revenue is over €9 billion in microelectronics, and is key to supporting Ireland’s multi-billion ICT sector. The impact of the MCCI is recorded in this year’s Annual Report, and is forecast to be over €150 million in economic value to the state by 2023. The centre has supported the creation of almost 500 jobs (458) since 2015. MCCI acts as an essential research partner for the semiconductor industry in Ireland, and has licensed more than 15 commercial IPs over the last year.
Prof William Scanlon, CEO of Tyndall National Institute, where MCCI is hosted, said “I am pleased to see the sustained growth of MCCI who continue to push the boundaries in state of the art circuit design. The industry collaboration and deep tech expertise that the centre brings to Tyndall enables us to realise our mission to deliver economic impact through research excellence.”
To view the annual report please click here