Seagate announces £47m investment in Derry - 25 new high-skilled jobs created
U.S. technology giant, Seagate, has revealed its intention to invest £47m in Derry.
The investment is in a research development project at Seagate's premises in the Springtown Industiral Estate.
Invest Northern Ireland are investing a further £10m in the project, bringing the total investment to £57m.
The investment will see the creation of 25 high-skilled jobs.
Dave Mosley, chief executive of Seagate, said the investment will "strengthen" the company's position as a global data storage company.
"Today's investment extends a successful, collaborative partnership with Invest Northern Ireland and will further strengthen our ability to deliver customer-centric technology."