Costa Rican Investment Promotion Agency: Intel will establish mega laboratory in Costa Rica for the validation of new products - Beckley, Bluefield & Lewisburg News, Weather, Sports

Costa Rican Investment Promotion Agency: Intel will establish mega laboratory in Costa Rica for the validation of new products

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SOURCE Costa Rican Investment Promotion Agency

Costa Rica will set the tone for the new Intel technology in the world

- Intel decided to consolidate its presence in Costa Rica and establish a Mega Laboratory for testing their new products. This is the first time that Intel has decided to consolidate its laboratories in a single location, making this operation the first of its kind.

- The announcement highlights the transformation of Intel in Costa Rica and its confidence in the country, through the decision to establish a Mega Lab dedicated to product development.

- This new project joins Intel Shared Services Center and the Center for Engineering and Development, employing 1,500 people in the country.

NEW YORK, June 10, 2014 /PRNewswire/ -- The President of Costa Rica, Luis Guillermo Solis; the Minister of Foreign Trade, Alexander Mora; and the President and Director General of the Costa Rican Investment Promotion Agency (CINDE), Jose Rossi and Gabriela Llobet announced today in New York that Intel will open in Costa Rica a one-of-a-kind Mega Lab for the validation and testing of its products in development. 

From the Mega Laboratory (Mega Lab), the Costa Rican technicians and engineers will be responsible for authorizing and determining the efficiency and quality of new Intel products prior to their manufacturing and distribution, setting the pace of new technology from Intel.

The operation is part of the manufacturing research and development division of Intel Corporation. The Mega Lab will employ 350 people.

The Mega Lab adds to Intel's existing operations in Costa Rica, including the Development and Engineering Center which employs 700 Costa Ricans, and the Global Shared Services Center with approximately 800 additional employees.

Total payroll for Intel in Costa Rica will reach more than 1,500 people by the end of 2014 with potential for future growth.

Intel's decision to bring this new operation to Costa Rica was confirmed yesterday, June 9, during a meeting held between President Solis and Intel's CEO, Brian Krzanich, at the company's headquarters in Silicon Valley. This meeting was one component of a U.S. investment promotion mission led by President Solis and accompanied by CINDE.

The Government of Costa Rica and Intel also agreed to explore the opportunity to establish a laboratory for high-tech SMEs within Intel's facilities in order to foster entrepreneurship, connections and knowledge transfer.

The news is the result of conversations held over the past several weeks with Intel, CINDE and the authorities in the Ministry of Foreign Trade-COMEX.

The President noted that this announcement "fills him with optimism and confirms Costa Rica's global potential as a location for highly innovative operations in the area of ??research and development and high added value."

"I am leading this mission with COMEX and CINDE just more than a month after my appointment as President to reinforce the message that Costa Rica is a country open for business. Costa Rica's talented workforce and competitiveness allows us to have an excellent proven track record with multinational companies that generate high-quality jobs for our people. Precisely this news allows us to confirm to the world that Costa Rica is and will remain one of the major players in the big leagues to attract high-tech companies. As a country we are committed to continue working to improve every day to ensure greater opportunities for our people," he added.

In a press statement released today, Intel said that this mega laboratory is a unique nature laboratory for the company since it will concentrate most of the testing activities and research in a single location, which will interact with the different plants and operations of Intel around the world.

Alexander Mora, Minister of Foreign Trade, said that with this news the country continues to show in a concrete and tangible way that Costa Rica has the available talent and favorable conditions to successfully accommodate high-tech operations.

"As a government, we are committed to continue working to insert Costa Rica in global value chains among the leading companies in both services and manufacturing technology. This new project from Intel shows the future direction of our country and allows us to reinforce Costa Rica's proven track record to investors," he said.

Jose Rossi, President of CINDE, commented that this new Intel investment is a reflection of the transformation and evolution that the company has taken in Costa Rica over the last 17 years, and it clearly demonstrates the strategic importance that Costa Rica continues to have for Intel.

"Intel and Costa Rica have evolved hand in hand in these two decades. The company confirms that the country is a strategic location for its services operations, and moreover, a location for additional valuable activities, such as research, design and development."

The news of the Mega Lab joins the expansion announced yesterday by VMware, a Silicon Valley company, that will triple its payroll in Costa Rica to reach 450 employees by 2015.

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