Economy Minister Ian Pearson announced the Invest Northern Ireland-backed investment at the Seagate plant in Springtown with John Spangler, plant manager.
The investment will help Springtown develop new technology that could provide computer manufacturers with hard-disc drives that offer increases in storage capacity and performance.
Pearson said: “This is a major investment – among the most significant in recent years — in the North West and the wider Northern Ireland economy, by a global industry leader that has become a driving force here in the electronics industry in terms of its focus on innovation and relationships in the universities on cutting-edge R&D projects.”
The minister said the investment would also reinforce the department’s regional innovation strategy “Think/Create/Innovate” and the work of Invest NI in encouraging industry and the universities to invest in higher levels of R&D.
compiled by Sarah Freeman