There was a second piece of positive news in the electronic sector today with the announcement that 160 new jobs will be created in Co Cork.
US conference calling provider Premiere Conferencing will establish its European headquarters in Clonakilty.
Worldwide, the company employs 800 people and provides services to many Fortune 500 companies including Hewlett-Packard, Johnson & Johnson and Wyeth Labs
It is understood that Premiere Conferencing will be based in the West Cork Business & Technology Park in Clonakilty, a public-private partnership which is marketed by IDA Ireland.