The pandemic, with its logistical disruptions, has underscored the urgency of forming regional industrial alliances, which is why the development of the local semiconductor industry has been added to the list of priority topics to be discussed at the North American Leaders’ Summit (NALS). The US, Canada and Mexico will coordinate their efforts in this area.
The US government intends to hold a separate event with its continental neighbors earlier this year to discuss investment opportunities in each of the three countries’ semiconductor industries. As you know, already last year the US authorities passed a package of measures to support the national semiconductor industry, allocating more than $52 billion to build chip-making enterprises.
As expected, Mexico will develop on its territory companies specializing in packaging and testing of semiconductor chips, as well as their development. The US authorities also tried to consolidate their efforts to expand the production of lithium batteries for electric vehicles with the corresponding initiatives of their Mexican counterparts. The country is the 10th richest in the world in terms of lithium reserves. Recently, the Mexican authorities decided to nationalize all companies involved in mining. Only the high dependence of Mexican industry on fossil fuels embarrasses American partners.
At this week’s summit, representatives from three North American countries agreed to reduce methane emissions by 15% by 2030 from 2020 levels, create a North American market for clean hydrogen, and install more electric vehicle charging stations along their borders. The next step on Joseph Biden’s agenda is a visit to Japan, where the US President wants to talk about security and sanctions restrictions in the semiconductor industry.