Simon Coveney (Cork South Central, Fine Gael)
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The tech sector plays a pivotal role to the Irish economy, with 320 IDA client companies in the sector employing over 64,000 people. I regularly engage with tech companies through my own office and through officials in my Department and our agencies.

IDA Ireland has strong engagement with its technology client base to actively support clients through new mandates, expansions, sustainability and digital transformation initiatives and to offer support when companies are downsizing.

There has been modest contraction for some tech clients over the past 12 months. In most cases, the level of job losses has been consistent with, or less than, the level layoffs implemented elsewhere in their global organisations.

IDA Ireland continues to see a flow of business and in the last year has announced several new investments in microelectronics and semiconductors, in cloud computing, and in data storage. It is important to note that technology company commitment to Ireland remains exceptionally strong and Ireland remains an attractive location of choice for companies. Key investments of scale recently announced include, for example, from ADI, Intel and AMD.