Intel Costa Rica Ramps Up Chip Plant Investment To $600M: Reuters

by Anusuya Lahiri, Benzinga Editor
July 21, 2021 1:10 PM | 26 seconds read | Make a Comment
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  • Intel Corp INTC Costa Rica almost doubled a proposed investment in a microchip plant in the Central American country from $350 million to $600 million, Reuters reported.
  • The ramp-up was due to higher demand for chips from the U.S.
  • The chipmaker aims to triple the number of new jobs created over the coming months.
  • Price action: INTC shares traded higher by 0.95% at $55.77 on the last check Wednesday.
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