Brazil studies to produce semiconductors with an investment of US$2 billion

RIO DE JANEIRO, BRAZIL – On May 10, the new president of the National Association of Automotive Vehicle Manufacturers (Anfavea), Márcio de Lima Leite, revealed a study for Brazil to start producing semiconductors locally. The investment would be around US$2 billion.

This group, formed and led by the federal government, includes the participation of suppliers, the automotive industry, and universities. “So far, what we have heard is that this investment could reach US$2 billion for the production of semiconductors in Brazil in the not too distant future,” said the executive.

Because of the pandemic around the world, the lack of semiconductors affected the production of vehicles. Several assembly lines in Brazil were forced to stop due to the lack of this component.

For the second half, with the inauguration of two new factories – one in Germany and another in Asia (not in Chinese territory) – the trend, according to the president of Anfavea, is that the supply begins to normalize, but the solution really should be only for 2023.

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