loader image


United States convenes summit in Costa Rica to promote semiconductor manufacturing in Latin America

The United States convened a regional semiconductor summit in Costa Rica on January 25-26, 2024. The summit’s aim was to promote investment in semiconductor manufacturing across Latin America. 

The initiative stemmed from the U.S. Semiconductor Innovation and Competitiveness Act (CHIPS), passed in 2022. The CHIPS Act allocated funding for developing new technologies, bolstering telecommunications security, and establishing a more efficient supply chain. Panama and Costa Rica emerged as strategic partners for the region. 

The summit brought together representatives from regional governments and companies within the semiconductor sector. Discussions focused on regional cooperation, public policies to attract investment, and potential economic development opportunities. 

The convening of the summit highlighted Costa Rica’s significance as a regional hub for semiconductor manufacturing. The country housed several sector leaders, including Intel, GlobalFoundries, and NXP. The U.S. government remained committed to collaborating with its Latin American partners to build a more robust and secure semiconductor supply chain. The Costa Rica summit marked a crucial step in this endeavor. 

Mariela Saborío Soto
García & Bodán
Costa Rica