The CEO of the multinational confirmed that the closure of the plant did not respond to reasons of global strategy but to the high operating costs in the country.
An article in Crhoy.com reports that in a presentation for employees of the company, the executive director of Intel, Brian Krzanich said that "the decision in Costa Rica was not part of plans to reduce the company's overall payroll but 'had more to do with the cost of this operation, the long-term operational cost of the plant. We spent several years working with the Government of Costa Rica, trying to reduce the overall cost of this operation.'"
The processor giant will invest $80 million in equipment upgrades at its plant in Belen, Heredia, in order to produce a new chip.
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 Nacion.com.
"Intel introduces new technology every two years, in order to ensure that the factory has the latest advanced equipment for chip assembly", said Forrest.
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