IBM Ireland's technology campus in West Dublin.

IBM is to shed up to 200 jobs in Dublin following a move of a manufacturing product line to Singapore.

The company is in the process of completing the transfer of its high-end server manufacturing from its Dublin Technology Campus, in Mulhuddart, West Dublin to Singapore to be based in the surging Asian market as the focus in Dublin shifts from manufacturing to software and services.

"IBM announced in 2009 its plans to move its high-end server manufacturing and fulfilment operations for Europe, Africa and Asia to Singapore. This change provides a more strategic location for manufacturing operations, placing us closer to our growth markets and suppliers, and giving us greater operational efficiency and cost savings," the company said in a statement on Wednesday. It said the Technology Campus in Dublin would continue to manufacture low-end and mid range power-based systems.

IBM first opened an office in Dublin in 1956 and has more than 3,000 employed in Ireland.

Last month, IBM said it planned to create up to 200 jobs in Dublin over the next three years at a new research centre.

The €66 million development in its Smarter Cities Technology Centre, will be located at Mulhuddart. The centre aims to design systems that will help cities manage and connect transport links, communications infrastructure and water and energy networks.

IBM on Monday reported a first quarter profit of $2.6bn, or $1.97 a share, up from $2.3bn, or $1.70 a share, a year earlier. Revenue rose 5.3%, to $22.86bn, but was unchanged if currency effects were stripped out.