The United States will promote the installation of semiconductor factories in Mexico

MEXICO – Mexico will join the US plan to boost the semiconductor industry, according to senior officials from both countries after the second annual meeting of the High-Level Economic Dialogue (HLED).

The initiative was raised during the visit of the US government delegation, led by Minister of State Antony Blinken and Minister of Commerce Gina Raimondo, to Mexico City, during which the nation was urged to strengthen supply chains and regional competitiveness.

It is worth mentioning that in early August 2022, President Joe Biden approved the Chips and Science Act, with the aim of competing in the semiconductor industry and preventing China from dominating the market.

The program, of which Mexico is a part, provides an investment of US$52 billion for grants, research and development.

According to Gina Raimondo, the first investment funds of the plan in the United States will be allocated during the first half of 2023.

Regarding Mexico, she pointed out that the opportunity lies in testing, packaging and assembly for industry, so the initiative aims to promote the installation of factories in Mexico.

In this regard, both countries are committed to working with their private sectors to identify sites with the right skills, infrastructure and industrial capacity.

“We will work together to complete a pilot program to determine the feasibility of bringing together semiconductor input production centers and reduce the risk of future disruptions to supply chains and support the integration of small and medium-sized enterprises (SMEs)”, said the Mexican. says the government.

In this regard, the US Secretary of Commerce pointed out that North America has great potential for market growth.

She added that the region has industry equipment industries worth $3 billion, compared to China and Taiwan, which report 60 industries worth $600 billion.

About Irene J. O'Donnell

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