US and Mexico partner under CHIPS Act to assess Mexico's semiconductor industry and reduce reliance on China and Taiwan.
The US and Mexico are partnering to explore semiconductor supply chain opportunities under the CHIPS Act, a 2022 law creating a $500M fund to develop the semiconductor supply chain with allies and partners. The collaboration aims to reduce reliance on China and Taiwan for technology. The partnership will start with an assessment of Mexico's existing semiconductor industry, regulatory framework, and workforce needs.
March 28, 2024
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