Panama has announced a millions investment for the development of a national semiconductor strategy, as part of a broader vision to strengthen the country's science, technology, and innovation.

The president announced that this initiative will be led by the Ministry of Commerce and Industry (MICI), with the active support of academia, the private sector, and international partners. The strategy will be officially presented before the end of the year.

The country's approach is ambitious, seeking to integrate into the global semiconductor chain, particularly in assembly, testing, packaging, and design activities. This plan, over more than five years, includes training human talent, strengthening technological infrastructure, and attracting companies in the sector. Mulino emphasized that a single semiconductor plant could generate more than 2,000 jobs and attract up to $2 billion in foreign direct investment, with a potential economic impact of up to 2% of the country's gross domestic product.

WHOM DOES IT IMPACT?

The direct impact is on the academic and scientific sector, technology companies and startups, international investors, the government and regulatory agencies, and multinational manufacturers.

CONCLUSION:

Panama's commitment to developing a semiconductor industry marks a paradigm shift for the country, opening a new stage in its economic and technological development. This is a long-term strategy that not only seeks to attract investment and create jobs, but also to transform Panama into an innovation hub with autonomy and the capacity to compete globally. The success of this initiative will depend, in large part, on its effective implementation and the continuity of state policy beyond government cycles.