The American Chamber of Commerce Ireland, the representative body for US companies in Ireland and their partners, has honoured Co-founder of Analog Devices, Ray Stata with the Chamber’s Lifetime Achievement Award in Limerick on 11 June, 2018.
Mr Stata receives the award for his longstanding commitment to Ireland over 40 years through the company he co-founded. Analog commenced operations in Limerick in 1976 has since expanded to employ 1,150 people at it's original and main Irish hub in Limerick, and over 100 people at it's design facility in Cork.
The company has invested over €120 million euro on capital spend alone in the past four years. Analog is also a strong contributor nationally and to the wider region through its sponsorship of the BT Young Scientist and Technology Exhibition, its membership of the Limerick for Engineering Consortium and the Analog Devices Robotics Competition which promotes STEM amongst primary school students by encouraging teamwork, robot design, innovation and learning.
Mr. Stata was a cofounder of Analog Devices, Inc. (ADI) in 1965 and served as CEO and Chairman until 1996. He now serves as Chairman of the Board. With revenue today of $5.5Bn, ADI is recognized for leadership in the design and manufacture of analog and digital signal processing semiconductors. Mr. Stata has been active as an investor in and board member of more than 40 early stage technology based new ventures.
Chamber President Barry O’Sullivan said: “We stand on the shoulders of people like Ray Stata, whose visionary spirit has turned Ireland into the home of some of the most sophisticated technology in the world today. We pay tribute to his success, and to Analog for their longstanding commitment to Ireland and Irish technological development.”
Ray Stata said: “I am especially honored to receive this award since our business in Ireland has played such a key role in Analog Devices’ success over the past 40+ years,” said Stata. “ Not only has Ireland generated a continuous stream of world class innovative products but it has also been a source of extraordinary talent for the corporation worldwide. Our current CEO, Vincent Roche, and many other key executives and technologist had their start here in Limerick”