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 The company wants to speed up their assembly and testing operations to handle new client demands. - Intel photo - |
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Published on
Thursday, July 22, 2021
By the A.M. Costa Rica staff The California-based company, Intel, is investing $600 million for its expansion of their operations in Costa Rica. The company wants to speed up their assembly and testing operations to handle new client demands. The funds will also help with 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, according to the Investment Promotion Agency, CINDE. In total, 750 people have been hired from 2020 to date for Assembly and Testing, the Research and Development Center, and the Global Services Center. “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," Timothy Scott Hall, the Manager of Intel Costa Rica said. "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." According to Scott, 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. They also increased funding for new equipment and technology to $40 million in the Research and Development Center laboratories. This investment is dedicated to designing, prototyping, testing, and validating integrated circuit solutions. The space and infrastructure for the different laboratories are being increased. An additional 150 people have been hired in the last year. The firm employees have engaged in a training process starting with the moment they are hired in subjects related to techniques, occupational health, and organizational culture. This training has been carried out in Asia, the United States, and locally for Assembly and Testing operations. Currently, more than 150 positions are open in different specializations such as engineering, manufacturing, finance, and information technology, as well as in other areas. People interested in applying may find all the details only on the Intel Jobs page. Intel opened its branch in the country in 1998. Although Intel has several job openings, there are other corporations hiring as well and Costa Rica remains with a 17.7% unemployment rate, according to the National Employment Survey. The survey reveals that there are approximately more than 430,500 people without registered jobs in the country from March to May 2021. ------------------------ What other international company should open a branch in Costa Rica? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com  Real Estate
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