The US chipmaker said it intends to fund adaptive computing research projects targeting technology for datacenters, networking, 6G telecoms infrastructure, and (inevitably) next-generation AI.
More than 290 highly skilled engineering and research positions and a broad range of additional support roles will be created by the move.
Ireland's Minister for Enterprise, Trade and Employment Simon Coveney said: "The Irish government, through IDA Ireland, is delighted to support this expansion, further solidifying our commitment to nurturing a vibrant ecosystem for research, development, and engineering.”
AMD has had an Irish presence since 1994 for manufacturing and engineering. It is understood that the research and development projects will be at the former Xilinx facilities, with AMD stating that Ireland will now be home to one of its largest R&D sites in Europe.
AMD's senior veep for Marketing, Ruth Cotter, said in a statement: “By further investing and expanding our presence in Dublin and Cork, we are committed to continuing to both drive innovation in Ireland and to support the European semiconductor ecosystem."
"Through this investment, our R&D teams in Ireland will design innovative high-performance and adaptive computing engines to accelerate datacenter, networking, 6G communications and embedded solutions while taking a leadership position on artificial intelligence," she added.