The president of Mexico, Claudia Sheinbaum, defended this Monday that the rustic produces semiconductors within the face of complaint from the chief of the US Area of Representatives, Mike Johnson, of President Joe Biden’s Chip Legislation, who has inspired their production in North The us. .
The president commented in her morning convention that, “whether or not they particularly get rid of this legislation or no longer, they know that they have the benefit of the manufacturing of semiconductors in the US and Mexico.”
“It is rather handy for Mexico and the US to proceed generating semiconductors and forestall relying on Asia specifically, as a result of that provides us numerous energy on this import substitution,” stated the Mexican chief.
Sheinbaum replied to questions from the click about complaint of Johnson’s Chip Legislation, who this Monday won the strengthen of the president-elect of the US, Donald Trump, to proceed as chief of the Area of Representatives within the new configuration of Congress in January.
The Republican congressman declared on November 1, days ahead of the United States elections, that he would "almost certainly" search to repeal the Chip Legislation that Biden signed into legislation in 2022, even supposing he later retracted it.
Beneath this law, the State Division introduced ultimate March a partnership settlement with Mexico to "discover alternatives within the semiconductor price chain," as a part of a $500 million fund to advertise projects with business companions to provide those inputs.
The Mexican chief now argued that "there are lots of investments at the horizon, so much, in the US, in Arizona specifically, for the manufacturing of semiconductors."
And he recalled that "Foxconn, one of the vital massive semiconductor firms, has a plant deliberate in Mexico this is already very complex and different semiconductor producers have manufacturing scheduled in Mexico."
“What we wish to do on this nationwide construction program that I introduced is not to handiest have semiconductor crops, however to generate designs, this is the place the extensive financial price and added price of manufacturing are," he defined.
The president recalled that semiconductor chips are key to production in North The us, mentioning the disaster within the car trade right through the Covid-19 pandemic because of the dearth of those inputs, which might be imported from Asia, above all.
He additionally reiterated that he's going to shield ahead of Trump the significance of keeping up the Treaty between Mexico, the US and Canada (T-MEC).
#Mexico #defends #semiconductor #manufacturing