The Costa Rica News (TCRN) – Intel announced this morning that they will be eliminating their microchip manufacturing plant in Costa Rica, leaving only their global service center.

This will affect approximately 1,200 people. However, Intel does have plans that could open possibilities for some of them.

Luis Guillermo Solis confirmed today that he has agreed to a meeting with Intel’s corporate vice president next week.

Intel will be moving the manufacturing operation to Ho Chi Minh City in Vietnam.

When questioned, the Foreign Trade Minister, Anabel González, said that they have been talking with Intel and the company said that the firm will make some major announcements in the coming days.

Intel Costa Rica, according to the Ministry of Foreign Trade, invested $800 million of Foreign Direct Investment (FDI) in the country between 1997 and 2010, representing an annual average of 6% of total investment flow received from abroad.

In Costa Rica, Intel employs about 2,700 people and represents about 22% of exports.

The Costa Rica News (TCRN)

San Jose, Costa Rica