US, Canada and Mexico look to unify semiconductor supply chains
The US, Mexico, and Canada have renewed talks on semiconductor manufacturing supply chains during the North American Leaders Summit in Mexico City which kicks off today., the White House laid out a trilateral partnership that would see the three countries work together to address several challenges ranging from drug trafficking, immigration, and climate change. However, the first item on the agenda was an initiative designed to bolster North American semiconductor manufacturing capabilities.
The effort is expected to kick off at a semiconductor forum early this year, during which the Biden Administration hopes to discuss opportunities for investment across each of the three countries. The plan closely aligns with US efforts over the past two administrations to reduce reliance on Asian Pacific foundries and foster domestic chip production. Last summer, the USa $280 billion CHIPs and Science Act, which allocated more than $50 billion to the construction of domestic fabs.
Numerous fabs are now under construction across the US with many more planned for the coming years. However, fabs are only one piece of a larger semiconductor manufacturing puzzle that relies on a complex network of resources and services to function.hopes to capitalize on the explosion of US chip fabrication with packaging, testing, and design facilities of its own.
Attempts to integrate Mexico into the US semiconductor supply chain have been going on for a while, but it has been slow progress. Last September, US Secretary Antony Blinken and Commerce Secretary Gina Raimondo met with Mexican President Andrés Manuel López Obrador to
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