Gerry McCarthy, managing director at National Semiconductor UK, said: “The investment is great news for the Greenock site as it will enable us to continue to invest in the tools and techniques to make sure we remain at the cutting edge of analog semiconductor manufacturing.
“This is in addition to $55m capital invested over the past three years. And, to deal with increasing production, we are also currently recruiting 36 permanent employees for a mixture of roles.”
Texas Instruments acquired National Semiconductor in a deal worth $6.5bn (about £4bn) in April. National reported sales of $1.52bn (£920m) for fiscal 2011, which ended May 27, 2011.
National also announced that it has appointed Adrienne McGlynn as finance director at the Greenock site following Donald McRae’s retirement earlier this month.
Ms McGlynn has been with the company since 1988 and has worked in a variety of financial roles, including a period as financial controller in National Semiconductor’s corporate headquarters in Santa Clara, California.
The company has also promoted Ian Polonis from operations manager to operations director. He joined National in 1989 as an equipment technician and has held a number of engineering roles.
Mr McCarthy added: “These are exciting times for National in Greenock, especially with the anticipated acquisition by Texas Instruments in the near future.
“The additional capital investment in Greenock gives us the opportunity to continue delivering for our customers more quickly and more efficiently.”
National has recently celebrated 40 years in Greenock. The company said the new investment demonstrates its commitment to the site as it continues to create high-value analog products.