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US chip manufacturer Intel (NYSE: INTC) has inaugurates a new engineering development center (CDI) in Costa Rica, according to local newspaper La Nación.
Located in the province of Heredia, Intel invested US$8mn in the CDI which will host a team of 300 Costa Rican engineers and technicians, specialized in the design, development and testing of advanced hardware and software for the company. The team will also work to integrate technology into the fields of science, entertainment and medicine, the report said.
According to Intel Costa Rica's general manager, Michael Forrest, this center gives the company access to some of the brightest minds in Costa Rica. He also stressed the need for a larger skilled workforce in the country.
The level of skilled laborers working in the center demonstrates that the country's educational model is successful and that Costa Rica can compete with any country to host an operations center like this, Forrest said.
Costa Rica's President Laura Chinchilla attended the CDI's opening as did Rani Borkar, the vice president of Intel's architecture group, which was in charge of the project.