Almost 100 new jobs are being created by Seagate in the North, 85 of them at the company's Springtown base in Derry.
During a visit to the plant today, Enterprise Minister Arlene Foster announced two Research and Development investments, totalling almost £60 million.
Invest Northern Ireland has offered £12.7million towards the total cost of these latest investments, which are expected to increase R&D related jobs in Derry by 85, and create a further 10 research posts at Queen’s University, Belfast.
Speaking during her visit to the Derry plant, Arlene Foster said this investment could have gone elsewhere within the Seagate corporation, but for the strong case made by local management and the support offered by Invest NI.
She concluded that in making these investments in the North West, Seagate is once again demonstrating its confidence in our local workforce and suppliers and is helping send a very strong signal to other potential international investors that the region is a competitive and compelling location.