December 11, 2020 | Business & Exports

Chile, a foreign investment hub for technology

Chile, a foreign investment hub for technology | Marca Chile

Despite being located at the far end of the planet, Chile has developed numerous ways of staying connected with the world. Perhaps this is due to that spirit of exploration that inspired Magellan on his epic journey, kick-starting globalization through our territory 500 years ago; a spirit that today beats in us stronger than ever.

What is certain is that in this difficult year, in which the economy and global trade have been impacted by the COVID-19 pandemic, Chile has been able to attract significant foreign investment, and that it even experienced a 14% increase in its FDI (foreign direct investment) during the first 7 months of the year, compared to the same period in 2019. 

That’s why we want to share with you three news items from Invest Chile that are significant to Chile’s technological environment. 

Chile gets ready for the technological challenges of the future with the announcement of a second data center from tech giant Huawei

Huawei is set to become the only company in Chile with two data centers, which is aligned with its commitment to support technological development and promote Chile as a digital hub in Latin America. 

The data center will be located in the Metropolitan Region and could be operational by the end of this year. 

Find out more about this large project here.

Revolutionary Chilean foodtech company NotCo sets its sights on the US market after receiving US $85 million in foreign investment

Jeff Bezos from Amazon and Biz Stones, co-founder of Twitter, have invested in the finance package that will also be used to expand the company’s product range. 

This innovative company is a licensee of the Brand Chile Usage Program, and already operates in Chile, Brazil and Argentina. It plans to expand into the Peruvian, Colombian, Mexican and US markets in 2021. 

Learn more about their history and plans here

French geoinformation technology company TerraNIS arrives in Chile

The company uses geoinformation, particularly satellite images, to provide services related to agriculture and the environment. This technology can improve process efficiency while protecting the environment. 

In Chile, Terranis provides services to agriculture using Pixagri, CropEO, Fertisat and Wago and to viticulture using Oenoview, and it has also diversified into forestry, land use, urban green spaces using Greencity, urban heat islands, urban and agricultural land planning and management. 

Further details regarding this news item can be found here

Do you want to know more about Chile and our connection with the global economy? 

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