SAN JOSÉ, Costa Rica, July 8, 2024
/PRNewswire/ -- In order to show the country's value proposition,
the Trade and Investment Promotion Agency of Costa Rica (PROCOMER) will participate –
together with 17 Costa Rican companies – in SEMICON WEST 2024, an
event that brings together dozens of companies from the
semiconductor sector, from July 7 to
9, in the Moscone Convention Center in San Francisco, California.
Laura López, General Manager of PROCOMER, indicated that
"Costa Rica is a strategic partner
for the semiconductor industry, as was evidenced by the United
States Government announcement that our country would be the first
beneficiary of the CHIPS and Science Act. Our value proposition is
based on the recognized political stability and history of peace,
legal certainty for investors, and attractive incentives, together
with human talent and a robust local supplier ecosystem.
Furthermore, sustainability is our main differentiator and one of
our greatest strengths."
Together with PROCOMER, the Costa Rican agency for attracting
foreign direct investment, the following companies are
participating: La Lima Free Zone and Business Park, Ingenya
Consultores, Arias Law, The Green Park, Evolution Free Zone, EY,
360 Integral, Lang & Asociados, InnovaPark, Baker Tilly,
Portafolio, Meridia, Ingeniería de las Aguas, BLP, TMF, The Tenant
Advisors and Infotree.
At present, Costa Rica is home
to more than 450 multinational corporations, and its history in the
semiconductor sector dates back more than 25 years when Intel
established its manufacturing facility in the country, placing it
on the global technology map. This legacy has been fundamental to
the development of a national semiconductor ecosystem, which today
has more than a dozen companies specializing in advanced
manufacturing processes.
Besides Intel, there are other large companies from the sector
in the country, such as Qorvo, dedicated to the manufacture of
radio frequency filters; Teradyne, which offers testing solutions
for semiconductors, electronic systems and wireless devices; as
well as R&D Altanova, specializing in engineering services,
design, manufacture and assembly, and manufacture of advanced
technology printed circuit boards.
In light of the CHIPS and Science Act, the Ministry of Foreign
Trade of Costa Rica (COMEX)
launched the Semiconductor Roadmap last March, and the United States Secretary of Commerce,
Gina Raimondo, participated. This
Roadmap focuses on four pillars: talent, incentives, attracting
investment, and regulatory improvement.
This strategic plan was drafted in consultation with relevant
actors and more than 20 government entities, and seeks to
strengthen Costa Rica's position
as a strategic destination for investment in semiconductors.
PROCOMER leads the investment attraction axis of this Roadmap. It
also supports the talent axis through capacity-building
programs.
"We are committed to the development of specialized human talent
and to the creation of an increasingly favorable environment for
investors. With the support of initiatives like the CHIPS and
Science Act, Costa Rica is ready
to take the next step and become the Silicon Valley of Latin America," added the General Manager of
PROCOMER.
The Costa Rica stand, under the
concept, "Natural Intelligence", will be located in Booth #472,
South Hall.
Contact for Media: Ofelia Fernández
Valverde: ofernandez@procomer.com & Esteban Chaves
Trejos: echaves@procomer.com.
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SOURCE Promotora del Comercio Exterior de Costa Rica