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Intel to reopen assembly operations in Costa Rica

QCOSTARICA - Intel announced, this Thursday, December 10, the reopening of its assembly and testing operations in Costa Rica, with the investment of US$350 million over the next three years and the hiring of 200 people. In a press release, the firm said that it...

Intel Said To Retake Chip Manufacturing in Costa Rica

Costa Rica will once again host an Intel processor, which would increase the company's presence in the country, according to information from various media. It is expected that the first phase will begin in the month of April and that by August the new operation...

Intel Announcement of Layoffs in Costa Rica Surprised President Alvarado

The announcement by Intel on Tuesday of new layoffs planned for its operations in Costa Rica surprised president Carlos Alvarado, who only two weeks ago was shaking hands with Intel executives in San Jose, California, during his recent trip to the U.S. seeking foreign...

‘It Starts With a Coffee’: How Conversation Can Help Investors Avoid Pitfalls in Costa Rica

Costa Rica’s easygoing lifestyle and laid-back, “pura vida” vibe has been a godsend for tourism, but it has sometimes had a negative side effect: turning off other investors accustomed to a more expedient way of doing business. It doesn’t have to be that way, says...

Intel Downsizing In Costa Rica, Cutting 200 Jobs

Intel, which maintains a research center and a mega laboratory in Costa Rica, initiated a series of dismissals this week, according to the company in a two-line statement. The company warned, through its external press advisory, that it will not provide more details apart from...

Costa Rica Sustainable Model & Investment Opportunities

Q BUSINESS - The Business Year (TBY) gathered together three prominent businessmen in Costa Rica to discuss economic growth and the challenges going forward: Alberto Arguedas, Executive Director, AmCham Costa Rica; Edward F. Sanchez, General Manager, Citibank Costa Rica; and Humberto Pacheco, Chairman, Pacheco...

Costa Rica Sees ‘Intel Effect’ Ending as GDP Poised for Pickup

(QCOSTARICA Via Bloomberg) -- Costa Rica should see accelerating economic growth in the second half after the country struggled to recover from Intel’s closing of export facilities last year, Central Bank (Banco Central) President Olivier Castro said. The US$50 billion economy is rebounding from bad...

Business Warns Closures Are Much More, Just Not All Have Come To Light Publicly

QCOSTARICA - Beyond the announcement Saturday by Burger King closing four locations, the business sector warns that many more have closed or will close, just not all have come to light publicly. Just in the first two months of 2015, businesses that closed their doors...

Costa Rica’s Microchip Exports Fell 14% In One Year

COSTA RICA BUSINESS NEWS -- The value of exports of microchip processors  from Costa Rica fell 14% in the last 12 months (November 2013 to October 2014) as compared to the same period the previous period (November 2012 to October 2013). The total fell from...

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