Mexico Considers Incentives to Attract Semiconductor Investment
- Economy minister looks to support ‘innovative industries’
- Mexico evaluating where water-heavy production may be located
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Mexico is considering incentives to attract private investment in semiconductors, taking advantage of a push by the US to bring the production of chips closer to home, according to the Latin American nation’s economy minister.
Tatiana Clouthier said on Friday the government is looking to help companies that think about expanding their presence in Mexico and proposals are being evaluated by the Finance Ministry. Additional investment in Mexico will benefit the auto, electronics, and aerospace industries, she added.