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US Enlists Mexico to Find Incentives to Attract Chipmakers

  • Mexico preparing list of possible incentives, Clouthier says
  • Unclear which proposals being considered by Finance Ministry
Robotic arms assemble components of the Bayerische Motoren Werke AG (BMW) Series 3 vehicle on the production floor of the company's manufacturing facility in San Luis Potosi, Mexico, on Wednesday, April 21, 2021. 

Robotic arms assemble components of the Bayerische Motoren Werke AG (BMW) Series 3 vehicle on the production floor of the company's manufacturing facility in San Luis Potosi, Mexico, on Wednesday, April 21, 2021. 

Photographer: Mauricio Palos/Bloomberg
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The US has asked Mexico to find ways of offering incentives to bring chip-makers to North America, as both nations try to lure companies that are crucial to the world’s electronics.

US Commerce Secretary Gina Raimondo asked Mexico Finance Minister Rogelio Ramirez de la O for a list of proposals to draw semiconductor companies to his nation, a top official from the Mexican government said following the U.S.-Mexico High-Level Economic Dialogue between both nations in Mexico City this week.