US, Mexico to partner on semiconductor supply chain development
The United States will partner with Mexico to explore semiconductor supply chain opportunities, the State Department said on Thursday, as the Biden administration pushes to reduce reliance on China and Taiwan for the technology. The collaboration will take place as part of the U.S. CHIPS Act, a 2022 law that created a $500 million fund for developing the semiconductor supply chain through initiatives with allies and partners.
The United States will partner with Mexico to explore semiconductor supply chain opportunities, the State Department said on Thursday, as the Biden administration pushes to reduce reliance on China and Taiwan for the technology.
The collaboration will take place as part of the U.S. CHIPS Act, a 2022 law that created a $500 million fund for developing the semiconductor supply chain through initiatives with allies and partners. "Manufacturing of essential products ranging from vehicles to medical devices relies on the strength and resilience of the semiconductor supply chain," the department said in a statement.
The partnership will begin with an assessment of Mexico's existing semiconductor industry, regulatory framework and workforce needs, the department added. Mexico's economic ministry did not immediately respond to a request for comment on the State Department's announcement.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- China
- Biden
- The United States
- Mexico
- Taiwan
- the department
ALSO READ
US President Biden says he expects Iran to attack Israel 'sooner than later'
China helping Russia expand its defence base amid Ukraine conflict: Report
China willing to enhance North Korean ties, top legislator says on visit, Xinhua reports
Philippine deals with US, Japan will not affect China's investments, Marcos says
Biden says he expects Iran to attack Israel soon, warns: 'Don't'