The microelectronics design sector, worth $500 million to the economy, is set to double in value within five years, according to MIDAS Ireland.

MIDAS (Microelectronics Industry Design Association) was recently launched by the Tanaiste and Minister for Enterprise, Trade and Employment, Mary Harney, to assess the future skills needs of the microelectronics design industry.

Microelectronics design is used in developing mobile phones, MRI scanners, DVD and MP3 players, smart cards and many other information technology products.

"This initiative by companies who recruit skills in the microelectronics area, to come together under the MIDAS Ireland umbrella and work with third-level and Government agencies, is another reflection of the partnership approach which has been key to progress in so many areas of the economy," the Tanaiste said.