The US firm says Ireland's housing shortage is proving a challenge.
290 new jobs have been announced by Advanced Micro Devices at its operations in Dublin and Cork.
The US semiconductor company says it's committed to continuing to drive innovation in Ireland.
AMD has announced plans for continued growth here through an investment of up to €123 million over four years.
The investment is intended to fund several strategic research and development projects.
Up to 290 highly-skilled engineering and research positions, as well as a broad range of additional support roles, will be created to support the projects.
Senior Vice President at AMD, Ruth Cotter says it'll be taking a leadership position on artificial intelligence;
"We believe the future of AI will really going to be pervasive and will be involved in almost every industry as we think about improving many of the services and products available today. We will be leaning on the great expertise that is actually available in Ireland in terms of hardware and software development."
Enterprise Minister Simon Coveney has welcomed the news, saying it'll "create long-term career opportunities for both highly experienced professionals and new graduates from engineering disciplines."
The new investment is supported by the government through IDA Ireland.
Ms. Cotter admits Ireland's housing crisis is proving a challenge for them;
"There is a bit of a tight spot at the moment, as it relates to housing availability for several of the target groups we would have, in terms of new college graduates and even more experienced engineers and support professionals that we're trying to attract to the company.
"But we believe plans have been put in place to resolve that."