US technology giant Intel has announced it will add an assembly and test operations facility to its plant in Costa Rica, with an investment of $350 million over the next three years.
The facility is expected to create over 200 new jobs in the coming months, and the company anticipates the plant entering operations in the second half of 2021.
"The existing infrastructure, the synergy with operations already in place at the site, our talent, the free-zone regime and the legal environment, have given Intel a favorable option to expand its assembly and test capacity to Costa Rica", Ileana Rojas, general manager at Intel Costa Rica, said in a company statement.
Intel is the world's largest and highest-valued semiconductor chip manufacturer in terms of revenues, and develops the microprocessors found in most personal computers, supplying companies such as Dell, Lenovo and Hewlett Packard, as well as manufacturing other components such as motherboard chipsets, network interface controllers and integrated circuits, flash memory and other devices for computing and telecommunications.
The Costa Rica facility will assemble and test components for microprocessors, and will play a key role in the manufacturing process, the company said.
With the launch of operations in Costa Rica, Intel will broaden its global presence in test and assembly operations, with similar plants already operational in Kulim, Malaysia, in Chengdu, China, and in Ho Chi Minh City, Vietnam. The Costa Rica operation will be the company’s first in Latin America.
"The fact that Costa Rica has become stronger as a trustworthy destination for investment amid the pandemic is a very powerful signal,” Costa Rica’s President Carlos Alvarado said following Intel’s announcement to set up shop in the Central American country.
“Furthermore, it shows that the country builds long-term relationships with investors, since we have over two decades of history working together with Intel,” he added.
“An investment of this size deepens Intel's footprint and opens very significant job opportunities for people with different work profiles who will be able to join worldwide exports produced by the Costa Rican talent."
Intel’s assembly and test operations will be carried out at Intel’s Costa Rica campus in San Antonio de Belén, part of the company’s manufacturing and operations division.
The assembly and test process will add to the high-value operations in place at Intel in Costa Rica, already employing more than 2,100 people, and will be divided into a research and development center, which is currently the largest R&D center in the country, engaged with designing, prototyping, testing, and validating integrated circuits solutions, and a global services center, which performs multifunctional tasks that support finances, human resources, sales and marketing, quality, and IT around the world.