Intel to invest $1.2 billion in Costa Rica over next 2 years

Intel will invest $1.2 billion in Costa Rica over the next two years, the company said in a press release on Wednesday.

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023.  (REUTERS/Dado Ruvic/Illustration)

The announcement comes after the U.S. State Department said in July that it would partner with Costa Rica’s government to support the Costa Rican semiconductor sector through the 2022 Chips and Science Act.