The Bureau of Economic and Business Affairs held the fourth meeting of the Semiconductor Informal Exchange Network (SIEN) in Mexico City February 12-13. The Organization for Economic Cooperation and Development (OECD) and Mexico’s Secretariat of the Economy collaborated with the State Department; SIEN’s work is supported by the State Department’s International Technology Security and Innovation Fund.
More than 100 government officials representing approximately 25 economies discussed recent initiatives undertaken by both public and private sectors in their respective nations to expand the semiconductor supply chain. Industry experts and academic leaders also presented challenges and opportunities in the semiconductor sector. This meeting was opened by Raquel Buenrostro, Mexico’s Secretary of Economy, who emphasized the potential for Mexico to play a pivotal role in strengthening semiconductor supply chains.
About SIEN: SIEN is a collaborative platform that enhances members’ comprehension of the global semiconductor ecosystem and supports the exchange of policies that create more resilient semiconductor supply chains. SIEN has also created a shared taxonomy of the semiconductor supply chain to address data fragmentation and provide analytical input to government’s policies and programs. In 2024, SIEN will conduct a tabletop exercise with participating economies to increase policymakers’ ability to address disruptions in the global semiconductor ecosystem.