Analog Devices International, the Limerick subsidiary of the US-headquartered semiconductor multinational that manufactures and markets chips for distribution around the world, saw its pre-tax profit increase more than two-fold last year to $1.7 billion (€1.6 billion). New financial information for the year ended on October 28, 2023, shows that revenue at the factory and profit centre increased by half a billion dollars “as a result of favourable product mix and higher factory utilisation due to increased customer demand,” directors reported. Cost of sales remained static, causing a surge in the company’s gross margin. In addition, a once-off €613.7 million impairment…

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