In the realm of international diplomacy, Mexico has played a strong card in its relationship with the United States: semiconductor production. Despite differing stances on matters like energy, corn, and labor, both nations are united in pursuit of a distinctive opportunity.
This strategy could strengthen the alliance between Mexico and the United States, allowing an expansion of their commercial and manufacturing relationship at a pivotal moment marked by the trade war with China and the global restructuring of manufacturing.
The invitation from the Joe Biden administration to the Andrés Manuel López Obrador government to join the microchip production plan is a significant milestone. Biden recently signed the Chips and Science Act, allocating $52 billion to boost chip manufacturing in the United States.
During a recent meeting in Washington, strategies were discussed to capitalize on this opportunity. The conversation centered on promoting investment in manufacturing, creating jobs, and fostering prosperity through these laws, which together allocate over $400 billion to strengthen regional microchip supply chains.
Raquel Buenrostro, Secretary of Economy, emphasized the importance of the microchip supply chain and its potential to have a positive impact on the economy of North America and the integration of the United States, Mexico, and Canada.
Recently, a Taiwanese delegation visited Mexico to explore investment opportunities in the Isthmus of Tehuantepec Interoceanic Corridor. Companies such as Chunghwa Telecom, Hon Hai Foxconn, and Delta Electronics showed interest in investing.
Although the details of the new microchip supply chain are still unclear, Armando Cortés Galicia, CEO of the INA, provided some insights. Mexico could focus on microchip programming and distribution in the region.
The COVID-19 pandemic has caused disruptions in production chains and accelerated the relocation of companies from China to other countries. In this context, Mexico has a strategic opportunity.
Despite existing differences, microchips represent a unique opportunity to strengthen the alliance between these two nations in the long run, promoting mutual benefit and contributing to regional development.
