WASHINGTON (Reuters) – America will accomplice with Mexico to discover semiconductor provide chain alternatives, the State Division stated on Thursday, because the Biden administration pushes to scale back reliance on China and Taiwan for the know-how.
The collaboration will happen as a part of the U.S. CHIPS Act, a 2022 regulation that created a $500 million fund for growing the semiconductor provide chain via initiatives with allies and companions.
“Manufacturing of important merchandise starting from autos to medical gadgets depends on the energy and resilience of the semiconductor provide chain,” the division stated in a press release.
The partnership will start with an evaluation of Mexico’s present semiconductor trade, 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.
(Reporting by Kanishka Singh and Katharine Jackson with further reporting by Valentine Hilaire; enhancing by Rami Ayyub)
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