More Investment by Intel in Costa Rica

The processor giant will invest $80 million in equipment upgrades at its plant in Belen, Heredia, in order to produce a new chip.

Wednesday, February 22, 2012

Modernization is necessary for the production of a more advanced chip and for optimizing the plant’s infrastructure, said Mike Forrest, general manager of Intel Costa Rica to

"Intel introduces new technology every two years, in order to ensure that the factory has the latest advanced equipment for chip assembly", said Forrest.

The Intel executive expressed his wish that Costa Rica "continues to ensure good stability in the tax system as a way (to enable us to) continue investing and growing in the country." Has also suggested that improvements be made in infrastructure and electricity costs.

Intel has invested more than $800 million since it set up in Costa Rica in 1997. In Costa Rica Intel grew by 5% compared to 2010. The company exported $1.820 billion, which is $80 million more than in 2010, when they sold $1.74 billion.

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