Latin America Advisor
Latin America Advisor
A Publication of The Dialogue
Will Partnerships on Semiconductors Boost Economies?
U.S. Commerce Secretary Gina Raimondo met in March with Costa Rican President Rodrigo Chaves as part of U.S. efforts to strengthen the supply chain for semiconductors. // Photo: @SecRaimondo via X.
U.S. Commerce Secretary Gina Raimondo met in March with Costa Rican President Rodrigo Chaves in San José to discuss efforts to boost the supply chain capacity of semiconductors in the Western Hemisphere. In addition to working more closely with Costa Rica on semiconductors, the U.S. State Department announced last year that the United States would also work with Panama to explore strengthening the supply chain for semiconductors. The State Department also announced in March that it would work with Mexico to “grow and diversify the global semiconductor ecosystem.” What is motivating closer U.S. partnerships with Latin American countries on semiconductors? How much could the efforts lessen Western dependence on Asia for the electronics components? How much benefit can these partnerships bring to Latin American economies?
-
Karim Lesina, executive vice president and chief external affairs officer at Millicom: “The United States’ push for closer collaboration with Latin American countries on semiconductors stems from a multi-pronged strategy between diversifying semiconductor supply chains, strengthening the Americas and capitalizing on Latin American strengths. Countries like Costa Rica possess skilled work forces and potentially valuable resources for chip production. However, maximizing success hinges on creating an environment conducive to nearshoring—shifting production closer to home. This is where the United States-Mexico-Canada Agreement (USMCA) comes in as it can facilitate nearshoring success by reducing trade barriers, promoting regulatory coherence and…”
Read More
Top News
Pemex Sold Nearly $400 Mn of Fuel to Cuba Last Year
Panama’s High Court Allows Candidacy of Martinelli Ally
Complete editions of the Latin America Advisor are delivered every business day to members of the Dialogue's Corporate Program and other subscribers. Sign up below for a complimentary preview subscription.
About the Latin America Advisor
The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
Subscribers See all
Staff
Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org
Carl David Goette-Luciak
Reporter
Nili Blanck
Reporter