Siemens Healthineers has announced a healthcare centre of excellence in Llanberis which will help secure and create 500 jobs.
The move will mean a multi-million-pound investment in research and development (R&D) with support from the Welsh Government.
Siemens Healthineers is to consolidate its global operations for the manufacture of IMMULITE(R) blood analysis technology, used worldwide to aid the diagnosis of medical conditions, at its site in Gwynedd.