U.S. Commerce Secretary Gina Raimondo said in September a $52.7 billion U.S. bill known as the Chips Act would also create “significant opportunities” for Mexico in the energy and water-intensive semiconductor industry.
But according to interviews with over a dozen people privy to investment discussions, if Mexico does not move quickly to improve power transmission networks and renewable energy access, as well as craft competitive incentives, it may lose out.
The United States is building huge plants that make high-tech chips, the most expensive part of the semiconductor business. Mexico, meanwhile, has its sights on more accessible parts of the supply chain like design, packaging and testing. READ MORE
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