Mexico will co-produce semiconductors with the United States and, for this, the Secretary of Economy, Tatiana Clouthier, will meet this week with several interested companies in Washington, DC.
Economy Secretary Tatiana Clouthier will visit Washington this week to attend the High-Level Economic Dialogue.
The official will be in the United States from September 8 to 10 to talk with her counterparts and other business partners in the TMEC about the controversies that exist in the automotive sector.
In this regard, the Mexican government has spoken with its US counterpart about the production in Mexico of “an important part” of semiconductors and software for the automotive industry.
At the same time, both governments hold conversations about how much Regional Content Value would be assigned to Mexico in these projects for compliance with the rules of origin in the Agreement between Mexico, the United States, and Canada (T-MEC).
The investment boost in this industry comes after the high demand for electronic equipment and network connectivity worldwide caused by the Covid-19 pandemic led, in turn, to a shortage of semiconductor chips for the automotive industry.
In parallel, the US government modified the rules to restrict Huawei’s ability to contract semiconductor chips from facilities abroad that use US technology, such as the Taiwan Semiconductor Manufacturing Company (TSMC).
Clouthier will meet with academics, members of think tanks, and representatives of technology, logistics, and semiconductor companies to promote the relocation of their supply chains and the directing of their investments to Mexico.