US, Mexico Partner on Semiconductors Supply Chain

  • 29 Mar 2024

Recently, the United States and Mexico join forces to explore semiconductor supply chain opportunities, aiming to decrease dependency on China and Taiwan.

Key Points

  • US CHIPS Act Collaboration: Part of the U.S. CHIPS Act, the partnership utilizes a $500 million fund to develop semiconductor supply chain initiatives with allies and partners.
  • Importance of Semiconductor Supply Chain: Critical products like vehicles and medical devices rely on a resilient semiconductor supply chain, highlighting the significance of this collaboration.
  • Assessment and Partnership: The partnership commences with an evaluation of Mexico's semiconductor industry, regulatory framework, and workforce requirements.
  • Mexico's Response: Mexico's economic ministry is yet to comment on the State Department's announcement regarding the partnership.