The subsidies for 52 billion dollars that will be delivered to the integrated circuit industry by the United States government will generate collateral investments in Mexico, which include the generation of talent and the creation of employment, according to Diego Garza, director of Channels and Alliances of Intel in Mexico.

On August 9, 2022, President Joe Biden signed the Chips and Technology Act, which provides for strong research and development in this area. According to Garza, Intel is among the companies that will receive a portion of this money to build integrated circuit (chip) factories mainly in the United States.

Check here: Ciudad Juárez is the border market with the highest numbers of industrial construction

According to the director of Intel in Mexico, it is positive that, with Mexico's manufacturing orientation, the supply chains of the semiconductor industry are moving closer from Asia (mainly Taiwan and South Korea) to the American continent.

Diego Garza recalled Intel's Design and Validation Center in Guadalajara, Jalisco, where of the 1,800 people who work there, 700 have been hired in the most recent year.

He said that talent training is one of the alternative benefits that the new US semiconductor law will bring to the country as well as the agreement signed by the Mexican Ministry of Economy and Intel in April 2022.

While chipmakers' revenues reached $419.7 billion at the end of 2019, as of December 31, 2022, the industry posted profits of $581.6 billion, an increase of more than $150 billion in just two years, according to data. of the IDC consultancy.

Of interest: Saltillo becomes one of the leaders of industrial demand in the country

Although the measures implemented from the Covid-19 pandemic meant a boom in the sales of semiconductor companies, the demand for these electronic devices seems to be reducing in the second half of 2022, according to a report by Bloomberg.

For Diego Garza, this reduction in demand is rather a normalization of it, which although it does not reach the same levels of 2020 and 2021, it is also not the same as that of 2019, before the pandemic.

In Solili you can consult industrial warehouses available in Ciudad Juárez, Chihuahua and Tijuana 

Original note