According to Seagate, the investment will generate a number of highly skilled jobs within the R&D and manufacturing sectors. Mass data storage provider Seagate Technology Holdings has announced a major investment of £100m into a five-year R&D project out of its Derry, Northern Ireland facility. The investment is supported by Invest NI, which contributed an additional £15m, as Seagate aims to further develop its own technology and grow the local economy. Established in 1979 and headquartered in Fremont, California, Seagate has a number of global locations in the US, Europe and Asia. The organisation has stated that the investment will boost Northern Ireland’s international competitiveness and position as a global hub for innovation.