Panama’s government has expressed readiness to assist the U.S. in bolstering the resilience and diversity of its semiconductor supply chain.
Amid escalating geopolitical tension and consequent risk of worldwide semiconductor shortage, Panama’s involvement could prove vital.
The country’s Commerce and Industry Minister, Federico Alfaro Boyd, suggests leveraging Panama’s nearshoring capabilities for semiconductor manufacturers.
The strategic utilization of Panama’s regional logistics hub could facilitate the packaging and distribution of chips, thereby shielding the supply chain from disruptions typically seen in Asia.
Boyd stated that Panama’s extensive connectivity and proficiency in supply chain management, owing to the Panama Canal and its ports, render it an ideal partner for this initiative.
Recently, the U.S. decided to join forces with Panama, aiming to augment global semiconductor supply and potentially provide financial support under the U.S. chip law.
Boyd outlined that the partnership would facilitate shipping U.S.-made semiconductors to Panama in large quantities, followed by their repackaging and onward shipping to their ultimate destinations.