USA, Canada and Mexico agree to jointly develop the semiconductor industry
[ad_1]
Today the President of the United States, the Prime Minister of Canada and the President of Mexico agreed on coordination of efforts to develop the semiconductor industry. Joseph Biden, Justin Trudeau and Andrés Manuel López Obrador said that “the first trilateral semiconductor industry development forum will be organized to discuss government measures to increase investment in semiconductor supply chains across North America. The forum will be attended by industry and government representatives. The event will take place at the beginning of this year.
An agreement was also reached on “coordinating efforts aimed at jointly solving the current problems of industry development and new investment opportunities.” Joseph Biden, Justin Trudeau, and Andrés Manuel López Obrador will help bring “leading experts and professionals from the semiconductor, biomanufacturing, and other related industries into collaborative events that will take action to develop the labor market and the skills needed for the semiconductor industry. industry in the next five years.
Already last year, the US authorities took steps to develop national semiconductor production. In early August, Joe Biden signed the Semiconductor Support Act, which provides $52.7 billion in subsidies and tax incentives to US companies engaged in research, development, and manufacturing of these products. After that, the American company Intel and the Canadian investment fund Brookfield signed an agreement to jointly invest $30 billion to expand chip production at Intel’s Arizona plant. The agreement was signed under the co-financing scheme provided for by the law on supporting the production of semiconductors.
[ad_2]
Source link
