By Debora L. Spar
This paper examines Intel Corporation's $300 million semiconductor meeting and trying out plant in Costa Rica. It discusses a variety of ways that nations can progressively increase their weather for overseas funding and the layout in their funding advertising options.
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Extra resources for Attracting High Technology Investment: Intel's Costa Rican Plant (Occasional Paper (Foreign Investment Advisory Service))
When the team expressed doubts about the quality of the workforce and the adequacy of technically-trained graduates in the country, Figueres suggested the idea of an enhanced training program the government could create to meet Intel's needs. In what would become a critical move, Figueres also appointed Rossi to manage the Intel project for the Costa Rican government. CINDE would remain a key contact for Intel, and a facilitator for any subsequent meetings or negotiations, but Rossi, a high-ranking and well-respected government official, would serve as the central point of coordination within the Costa Rican government.
1. 11. Quoted in Millward. Page 7 2 Choosing Costa Rica: Inside Intel We are betting on products that have not been designed and markets that do not exist. Our fabs are fields of dreams. We build them and hope people will come. Andy Grove, Intel CEO The Decision to Expand The decision that ultimately brought Intel to Costa Rica was more of an ongoing process than a discrete event. Because Intel expands capacity so frequently, it is essentially always in the midst of reviewing possible sites and evaluating investment alternatives.
Following the meeting, Intel's Perlman commented that the President's involvement and attitude were extraordinary, and totally unexpected from someone in his position. Likewise, Minister Rossi impressed the visitors, who appreciated his active involvement and understanding of the firm's business needs. Rossi himself had been a businessman, running a sizable family-owned holding company before he joined the Figueres administration. He recognized the importance of speed, and the value Intel would derive from an expedited process and clear, consistent communication from the government.