In a statement ahead of a North American leaders' summit in Mexico City, the White House said the three countries would in early 2023 organize a semiconductor forum to increase investment in the strategic hi-tech industry.
Canadian Automotive Parts Manufacturers’ Association President Flavio Volpe, who is in Mexico City during the summit, said a real North American sourcing strategy of semiconductors is imperative. Meanwhile, Mexico's hopes of benefiting from the push to boost semiconductor output have been undermined by the energy dispute, with Washington and Ottawa complaining that Mexican policies are putting their investors at a disadvantage.Canadian International Trade Minister Mary Ng put across concerns about Mexico's energy policies and their potential effects on Canadian investments in a meeting with Mexican Economy Minister Raquel Buenrostro.
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