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.