- The United States will work with Mexico to explore opportunities in the semiconductor supply chain.
- The US government is pushing to reduce its reliance on Chinese and Taiwanese technology.
The U.S. Department of State will work with the Mexican government. This collaboration will take place as part of the U.S. CHIPS Act, which was passed in 2022 and creates a $500 million fund to develop the semiconductor supply chain through initiatives with allies and partners.
The purpose of this collaboration
The collaboration aims to strengthen the global semiconductor value chain, increase resilience, security, and sustainability, and reduce reliance on technology from China and Taiwan.
The initial phase includes a comprehensive assessment of the existing semiconductor ecosystem, regulatory framework, labour, and infrastructure requirements in Mexico.
Key stakeholders, including state governments, educational institutions, research centres, and companies, will participate in this analysis along with the Mexican Secretariat of the Economy.
Also read: Dutch chipmaking firm VDL to build semiconductor parts factory in Vietnam
The significance of this collaboration
Collaboration between the United States and Mexico is critical to ensure that the global semiconductor supply chain keeps pace with the digital transformation underway around the world.
The manufacture of critical products, including vehicles and medical devices, depends on the robustness and resilience of the semiconductor supply chain.
This partnership highlights the tremendous potential to enhance Mexico’s semiconductor industry to the benefit of both countries.
