Laurentino Cortizo Cohen, president of Panama, signed a decree that establishes guidelines for the development and promotion of microelectronics and semiconductor activities in the country.
The decree lays the groundwork for creating a coordinated, long-term national strategy and action plan.
The strategy aims to position Panama within the global microelectronics and semiconductor supply chain, leveraging the country's competitive advantages, such as its privileged geographical location and advanced logistical infrastructure.
“As a country, we have a real opportunity to integrate into this value chain, leveraging Panama’s competitive advantages, such as our privileged geographical position, advanced logistical infrastructure, and our long history within global trade,” emphasized Cortizo Cohen according to a press release.
Efforts will be made to train and develop human talent in the fields of microelectronics and semiconductors to meet industry demands and foster innovation.
The strategy also seeks to stimulate research and development related to semiconductor manufacturing, promoting interinstitutional and multisectoral collaboration through the Commission for Innovation in Microelectronics and Semiconductors.
Additionally, it was reported that international collaboration programs will be established, including scholarship agreements with institutions such as Arizona State University, to facilitate specialized training in the field.
Panama has been selected by the United States as one of the seven countries worldwide to collaborate in strengthening the global semiconductor value chain, demonstrating international recognition of the country's initiatives in microelectronics and semiconductor industries.