Global IT giant Intel, in a major push to its microchip programme, has announced to double its proposed investment in a microchip plant in the Central American country to $600 million.

Intel Costa Rica, while making the announcement also said that the company looks to triple the number of new jobs created over the coming months. 

According to the company, the decision to ramp up investment in the chip plant was taken after proper due diligence and assessing the growing demand over the past some time.

“High demand for chips led the United States-based technology giant to increase the investment from the $350 million initially announced in December,” the company said in a statement.