Semiconductors: México’s opportunity to become an industrial powerhouse

1 min read

 

Mexican President Andrés Manuel López Obrador (AMLO) hosted US President Joe Biden and Canadian Prime Minister Justin Trudeau in México City between Jan. 9 and 11 for the North American Leaders’ Summit.

The focus on semiconductors and critical minerals during supply chain discussions emphasized the nearshoring opportunities for México.

México’s strengths in attracting investment for the semiconductor industry are currently limited to the testing and packaging stages of the supply chain.

The main issues on the agenda and the resulting pledges were all on regional supply chains, migration, and security cooperation.

The focus on semiconductors and critical minerals during supply chain discussions emphasized the nearshoring opportunities for México. During the summit, the three countries committed jointly to map critical mineral resources across North America and study the future needs of the advanced manufacturing sector in the region, particularly for semiconductor production.

The countries also announced a forthcoming trilateral semiconductor industry forum during the first half of 2023 to boost investment in the segment within the region. This alignment is likely to boost México’s potential role in nearshoring, benefitting from companies in these sectors relocating their operations closer to the US market.

Source: El Economista

The México City Post

The post Semiconductors: México’s opportunity to become an industrial powerhouse appeared first on The México City Post.

Source link

Source: The México Daily Post from The México City Post on 2023-01-23 04:50:00

Leave a Reply

Your email address will not be published.

Latest News