Biden Quietly Urges Mexico to Pounce on US Shift From Asia Chips
- US, Mexico and Canada will seek to coordinate chip investments
- Biden pushing to shift chipmaking from Asia to North America
Joe Biden holds a semiconductor in Washington, DC.
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President Joe Biden privately urged his Mexican counterpart to enact new policies to capitalize on the US drive to boost domestic semiconductor production, part of a push to shift supply of some key technology components from Asia to North America.
Biden’s advice accompanied an agreement Tuesday with Mexico and Canada to better coordinate investment in semiconductor manufacturing across the continent, including identifying chip investment opportunities and critical mineral resources and supporting education in advanced technologies.