novembro 11, 2021

Intel raises to USD 600 million planned Costa Rica chip plant investment

By IDeas trademarks & patents – 30/08/2021
Intel Costa Rica said that it almost doubled a proposed investment in a micro chip plant in the Central American country to USD 600 million, and aims to triple the number of new jobs created over the coming months.

The company is moving forward at a good pace for the assembly and testing operations to begin in the upcoming months.

The hike in investments is due to speeding up the assembly and testing operations ramp to handle new demands by the company’s clients, as well as growth in the existing operations in the country. The manufacturing area alone will have 26,000 square meters, which is 11,000 more than what had been planned originally.

“We are very pleased to be able to announce this increase in investment to be made in the country and that it is also associated with a hike in the originally reported job positions. Today Intel Costa Rica employs more than 2,700 people. This is the same number that we had in 2014, but with the human talent in more diverse and specialized areas. With their skills and professionalism, they are helping to consolidate the operations in the country. Indirect employment is generated in our operations for close to 3,800 people,” stated Timothy Scott Hall, the Manager of Government Affairs for Intel Costa Rica.

Scott added that the corporation foresees efforts in different geographical areas in the works to increase competitiveness. Currently, the existing infrastructure, the energy with the operations that are already in place, the talent, the Free Trade Zone Program, and the legal certainty provide Intel a positive option to expand its capacity in Costa Rica. The company needs to constantly continue to encourage its competitiveness, just like in the rest of the world.
By IDeas trademarks & patents – 30/08/2021