Ahead of the North American Leaders’ Summit between President Joe Biden, Canadian Prime Minister Justin Trudeau, and Mexican President Andrés Manuel López Obrador later in the day, the White House released a statement Tuesday morning that said the three countries will take steps to bolster the continent’s semiconductor industry.
The United States, Canada, and Mexico will deepen “economic cooperation, promote investment, and reinforce competitiveness, innovation, and resilience by organizing the first-ever trilateral semiconductor forum with industry to adapt government policies and increase investment in semiconductor supply chains across North America,” the White House said.
The nations will also work together to coordinate semiconductor supply chain mapping efforts and identify “complementary investment opportunities,” the statement said….