Analog’s Irish unit transfers €176m to offshore companies as sales top €4bn

The Limerick-based company, which employs 1,252 people in Ireland, has sent hundreds of millions to other Analog subsidiaries in Bermuda and Jersey

Analog Devices said uncertainties associated with Covid-19 could cause ‘further disruptions’ to its supply chain. Picture: Brian Gavin

Analog Devices used its Irish arm to transfer hundreds of millions of euro to Bermuda and Jersey last year as sales increased to more than €4 billion despite the impact of the pandemic.

New accounts filed by the Limerick-based company, which employs more than 1,250 people in Ireland, show it paid out more than $208 million (€176 million) to Analog subsidiaries in Bermuda and Jersey during the year ended October 31, 2020. The figure was ...