Qualcomm Technologies has announced a €125m investment that will see the transformation of its Cork site into a strategic AI pillar in the global chipmaker’s organisation over the next three years.

This flagship project, which is supported by the Irish Government through IDA Ireland, plans to undertake a new RD&I project in Cork, leveraging current capabilities to align with Qualcomm’s diversification strategy beyond mobile technology into areas such as PC, XR/VR, IoT, automotive, and data centres.

"Qualcomm is proud of what we’ve achieved in Ireland—and we are even more excited about what’s ahead," said Vice President of Engineering at QT Technologies Ireland Limited, Paul Kelleher. "We’re not just building technology; we’re shaping the future, right here in Cork.”

Founded in 1985 and headquartered in San Diego, CA, Qualcomm is a global leader in wireless technology and advanced semiconductors. The company develops cellular standards such as 4G, 5G, and now 6G. 

It is also one of the world’s largest fabless semiconductor companies, which sees it provide critical advanced semiconductor technology across mobile, wearables, PC, XR, IoT, automotive and data centres.

"Today’s announcement by Qualcomm is a powerful endorsement of Ireland’s ambition to lead globally in advanced research, next‑generation computing and AI," said Minister for Enterprise Tourism & Employment Peter Burke TD. 

"This €125 million investment further strengthens Ireland’s position as a hub of deep‑tech innovation, creating hundreds of high value jobs."