United States and Mexico to Cooperate on Semiconductors, Electric Vehicles

The United States and Mexico are planning to cooperate in the manufacture of semiconductors and electric vehicles, according to a White House fact sheet.

Both nations seek to establish a Supply Chain Working Group with the initial focus being on semiconductors and information and communications technology supply chain ecosystems, the Sept. 12 fact sheet states. A Memorandum of Understanding has been signed between the Mexican Ministry of Economy with leading tech firms and manufacturers to “facilitate emerging technologies and workforce development in Mexico.”

Senior officials from the United States and Mexico met in Mexico City on Monday as part of the U.S.–Mexico High-Level Economic Dialogue where the trade discussions took place.

In a joint statement, the officials said that they will be working together on a pilot project to determine the feasibility of near-shoring semiconductor manufacturing inputs.