Thursday, February 2, 2023

Mexico, US and Canada to hold first trilateral forum on semiconductors

The governments of Mexico, the United States and Canada will host the first trilateral semiconductor industry forum to align government policies and increase investment in semiconductor supply chains across North America.

“Participation will include senior industry representatives and Cabinet-level participation from the United States, Mexico and Canada beginning in early 2023,” a White House statement said Tuesday about the key results. X Summit of North American LeadersHeld in Mexico City.

Governments are also committed to coordinating semiconductor supply chain mapping efforts to develop a collective understanding of unmet needs. This mapping with the three countries will identify complementary investment opportunities.

The trilateral aims to expand mapping of North America’s important mineral resources to collect detailed information on resources and reserves, while each country’s geological survey will host a trilateral workshop to facilitate data sharing and cooperation.

these agreements were made in north american leaders summitWith the participation of the President of Mexico, Andres Manuel López Obrador, his counterpart from the United States of America, Joe Biden, and the Prime Minister of Canada, Justin Trudeau.

The US Congress recently passed the CHIPS Act, which will allocate over $50 billion in public funds to encourage semiconductor companies to build manufacturing facilities in the United States.

The semiconductor industry is characterized by rapid technological change, often resulting in the introduction of new technologies to meet customer demand and the obsolescence of newly introduced technology and products.

As part of its strategy to expand semiconductor production, the US government has invited Mexico to forge a bilateral tie-up for that purpose.


Nation World News Desk
Nation World News Desk
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