The Dominican Republic aims to become a Destination for the Semiconductor Industry
2024年7月6日 - 7:50AM
Aiming to become the main logistics hub in the region, the
Dominican Republic is seeking a new space in its strategic
development with the semiconductors industry. This ambition is
backed by half a century of continued robust economic growth,
social stability, and a vibrant democratic system.
On June 13th, 2024, President Luis Abinader
issued Executive Order 324-24 declaring the development of the
semiconductor industry in the country as a "high national
priority." The Ministry of Industry, Commerce, and MSMEs (MICM) is
in charge of developing the National Strategy for the Promotion of
the Semiconductor Industry (ENFIS), aiming to position the
Dominican Republic as a strategic, competitive, reliable, and
secure destination for the global semiconductor industry.
MICM, in partnership with the American Chamber
of Commerce of the Dominican Republic (AMCHAMDR), will showcase the
country at Semicon West, an event that brings together experts and
industry leaders in semiconductors in San Francisco, California,
from July 9 to 11.
A Media Snippet accompanying this
announcement is available by clicking on this link.
Semicon West will include presentations
regarding the investment climate in the Dominican Republic, the
great success it has had in manufacturing operations thanks to its
export-oriented no-tax Free Zone regime, and the country’s
potential to achieve new milestones in emerging high-tech
fields.
Geographical and political proximity to the
United States, a favorable policy framework, a cost-competitive
environment, modern infrastructure, as well as excellent logistical
services, are some of the advantages that make the country an
attractive market for investment. The Dominican Republic has become
a reliable partner for the medical and electronic devices
industries and is poised to position itself as a manufacturing and
logistics hub for the semiconductor industry.
The Information Technology and Innovation
Foundation (ITIF), in Washington, DC, published a study on January
2024 titled “Assessing the Dominican Republic’s Readiness to Play a
More Significant Role in the Global Value Chains of Semiconductors
and Printed Circuit Boards.” And in May 2024, MICM established a
strategic partnership with Purdue University through a Memorandum
of Understanding for the development of the Dominican workforce in
microelectronics and semiconductors.
For more information about the Dominican
Republic's participation in Semicon West, visit us at Booth No.
6813.
About Semicon West
Semicon West is the most important event that
brings together the global microelectronics supply chain to address
the greatest opportunities and challenges for the global
semiconductor industry. More than 10,700 exhibitors and visitors
will participate in this fair. Semicon West will cover essential
topics such as government investment in chip manufacturing,
heterogeneous integration technology, sustainability, smart
manufacturing, mobility, medical technology, data, and workforce
development.
About the Ministry of Industry,
Commerce, and MSME’s (MICM)MICM is the government body
responsible for policy formulation, adoption, monitoring,
evaluation, and control in the fields of industry, exports, foreign
trade, free zones, special regimes, and SMEs.
Contact informationMinistry of
Industry, Commerce, and MSME’s (MICM)Viceministry of Free Zone and
Special Regimes(1) 809-685-5171 ext 1017www.micm.gob.do