The US will accomplice with Mexico to discover semiconductor provide chain alternatives, the State Division mentioned on Thursday, because the Biden administration pushes to scale back reliance on China and Taiwan for the expertise.
The collaboration will happen as a part of the US CHIPS Act, a 2022 regulation that created a $500 million fund for growing the semiconductor provide chain via initiatives with allies and companions.
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“Manufacturing of important merchandise starting from automobiles to medical gadgets depends on the energy and resilience of the semiconductor provide chain,” the division mentioned in a press release.
The partnership will start with an evaluation of Mexico’s present semiconductor business, regulatory framework and workforce wants, the division added.
Mexico’s financial ministry didn’t instantly reply to a request for touch upon the State Division’s announcement.
