Biden’s Semiconductor Law will have a positive impact in Mexico

In this regard, it highlights that although there are 50 jobs in the Mexico City offices, in Guadalajara they have more than 1,800 people who are dedicated to the validation of code and electronic design of processors of the future, of which 700 were hired during 2021 “These strategies obviously have a positive impact in Mexico and not only in our generations, but also in those that continue in the country,” he points out.

When will the effects of US investments in Mexico be seen?

On August 25, Biden signed an executive order to put his ambitious plan into action and pointed to the urgency of boosting the industry to compete against China and Taiwan in a market where there has been a pronounced shortage for two years.

“We will move as quickly as possible to deploy these funds,” said US Commerce Secretary Gina Raimondo, while Biden ordered the establishment of an interagency council headed by national economic director Brian Deese to oversee the deployment of funds. .

Given this scenario, Garza concludes that there will be an attraction of investment in Mexico in the short term, but highlights that the development of talent in the country is one of the most important consequences, since this “is the basis of future societies.”