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Intel Commits $177 Million To Mexico

12 September, 2012

World-leading computer technology manufacturer,Intel,announced this week that it will invest $177 million in Mexico.

At a special event held with Mexico's President,Felipe Calderon,the innovative company said the money will be invested over three years,at its Guadalajara Design Center,in the state of Jalisco.

The money will be used to develop new technology and support educational projects,as a part of Mexico's "National Digital Plan."

Intel's president and CEO,Paul Otellini,said,"This new investment today extends our long-term commitment to Mexico. The highly technical work being done at our research center here has been extraordinary,and today we are taking it to a new level."

Intel's center in Guadalajara designs,tests and validates hardware,including integrated circuits. It also develops educational software used in Intel products around the world.

Established 10 years ago,it forms Intel's largest facility in Mexico and employs over 400 staff.

Strong growth in the Mexican economy has led many international companies to realize that now is the time to invest in Mexico.

Within less than a year,a plethora of foreign businesses have announced big investments in Mexico,incuding: $1 million from General Motors; $190 million from Spain's largest bank,Santander; $8 million from U.S. communications leader,Motorola; and $5 billion from drinks company,Coca-Cola.

The same logic for investing in Mexican businesses applies for foreigners thinking of investing in Mexico real estate. This is seen by commitments from major Spanish developers and banks that are investing billions in Riviera Maya real estate projects,such as Mayakoba and Mareazul in the Riviera Maya.

The savvy investor knows that now is the time to get in,before prices really start to take off.