Intel shutting down Costa Rican facility, laying off 1.5K workers

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel's (INTC) Costa Rican chip assembly/test facility will be shut down and consolidated into the company's other global operations. Intel will continue employing 1K workers within the country.

Intel, which had 108K employees at the end of 2013, announced plans to lay off 5K workers in January. It has also stalled the opening of a cutting-edge Arizona fab (meant to produce 14nm CPUs) due to soft PC demand.