Biden and Trudeau set to announce deal that sends semiconductor manufacturing jobs to Mexico
Officials in the US say that semiconductor companies building new manufacturing facilities in Mexico want to place parts of their supply chain over the border.
Following meetings that have taken place as part of the North American Leaders’ Summit in Mexico City this week, President Biden, Prime Minister Justin Trudeau, and Mexican President Andres Manuel Lopez Obrador are expected to announce on Thursday commitments to build the semiconductor industry in the region.
The three leaders agreed to organize a semiconductor forum to take place early in 2023 with industry representatives, as well as coordinate to nail down their semiconductor supply chain needs and investments, according to the Wall Street Journal.
Officials in the US say that semiconductor companies that are building new manufacturing facilities in the country want to place parts of their supply chain over the border in Mexico.