Mexico's hopes of reaping an investment windfall from a U.S. drive to boost North American semiconductor production risk foundering on companies' concerns over energy supply, overdependence on fossil fuels, and a lack of financial incentives.
, Mexico has yet to unveil major projects that could supply those factories.
Lopez Obrador says past, corrupt governments rigged the energy market to favor private interests at the state's expense. "This is a potential golden age for Mexico," said Eaves, CW's director of operations and manufacturing for North America. "But it hasn't evolved to meet market requirements." Hernandez of Index said Baja California and Chihuahua, another border state closely integrated with the U.S. economy, had during the past three years lacked about 1.8 Gigawatts of combined power supply to capitalize on existing demand.
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