Biden, Trudeau To Announce Deal Sending Jobs To Mexico

TOPSHOT - US President Joe Biden speaks about the situation in Poland following a meeting with G7 and European leaders on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 16, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

At a glance

  • Following meetings that have taken place as part of the North American Leaders’ Summit in Mexico City this week, President Biden, Prime Minister Justin Trudeau, and Mexican President Andres Manuel Lopez Obrador are expected to announce on Thursday commitments to build the semiconductor industry in the region.
  • The three leaders agreed to organize a semiconductor forum to take place early in 2023 with industry representatives, as well as coordinate to nail down their semiconductor supply chain needs and investments, according to the Wall Street Journal.
  • Officials in the US say that semiconductor companies that are building new manufacturing facilities in the country want to place parts of their supply chain over the border in Mexico.

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