US invites Mexico to join its mega-plan on microprocessors

US invites Mexico to join its microprocessor megaplan

Secretary of State Antony Blinken and Secretary of Commerce Gina Raimando upon their arrival in Mexico City on Monday.

The United States has invited Mexico on Monday to join their grand $50 billion project to support North American microprocessor production against Asia.

On a whirlwind visit to Mexico City, Secretary of State Antony Blinken called on the Mexican government to take advantage of the Chips Act and science. This law recently signed by President Joe Biden provides for large investments to face competition from Asia in terms of microprocessors. American diplomacy has actively taken up this issue with its partners.

Mr. Blinken said the goal was to develop a much more resilient supply chain in the face of dominance by Asian countries.

Essential elements of the semiconductor production chain are already well established in Mexico, he said, citing the name of the company Intel.

Mexico takes the United States at its word, Mexican Foreign Minister Marcelo Ebrard told a joint conference. This means more jobs for Mexico, he hoped after a high-level economic dialogue meeting between the two countries.

No concrete details were given on possible US investments in Mexico in the microprocessor sector.

The proposal was made to Mexican President Andres Manuel Lopez Obrador.

It allows the two countries to overcome their dispute over the energy reform launched by Mexico.

In July, the United States, joined by Canada, denounced this reform within the framework of the free trade agreement between the three countries.

Washington believes that President Lopez Obrador's desire to strengthen Mexico's state-owned companies threatens foreign investment and renewable energy.

Mr. Blinken recalled that this issue would be settled within the framework of the treaty and its dispute resolution mechanism.

These discussions are part of any business relationship, even between the closest partners , he relativized.

The issue was only briefly discussed during Mr. Blinken's meeting with the Mexican president, assured Mexican Foreign Minister Marcelo Ebrard.

Arriving midday in Mexico City, Joe Biden's envoy discussed the shared threat of the production and trafficking of fentanyl, a designer drug wreaking havoc in the United States, during his separate meetings with MM. Lopez Obrador and Ebrard.

Mr. Blinken and the Mexican President also spoke about safe, orderly migration with a human face, and their joint efforts to address the climate crisis and renewable energy.

Mr. Blinken also spoke about regional efforts to support Haitians and cooperation between Mexico and the United States to make the United Nations more effective, according to the State Department.

Mexico is the United States' second largest trading partner with some $725 billion in trade in 2021, according to official figures.

Mr. Lopez Obrador met Mr. Biden in August in Washington after he snubbed the Summit of the Americas in Los Angeles in June on the grounds that Cuba, Venezuela and Nicaragua had not been invited. The two countries will celebrate the bicentenary of their bilateral relations at the end of the year.

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