CHIPMAKER Intel announced on Tuesday that it will close its fab plant in Costa Rica, resulting in the loss of 1,500 jobs, as its struggles with the dwindling PC market continue.

An Intel spokesperson confirmed the news to Reuters, saying in a statement, "It's being closed and consolidated into our other operations throughout the world," adding that the firm will continue to have over 1,000 engineers, finance and human resources employees in Costa Rica.

Anabel Gonzalez, Costa Rica's minister of foreign trade, said Intel's decision was unfortunate but that the country will continue to work on attracting high-tech companies.

Intel culls 1,500 staff as it struggles to win PC market battle- The Inquirer

Posted By: kf10
10 Apr 2014