Business leaders welcome US-Panama chips deal

“The collaboration with the United States and the support of the International Fund for Security and Technological Innovation will be an important incentive for the arrival of greater investments from companies from that country to Panama. Technology companies and semiconductor manufacturers will have an attractive platform in Panama to establish operations and take advantage of our strategic position in the region”, says Panama’s Chamber of Commerce Industry And Agriculture (Cciaf)

The business union highlights that the semiconductor industry is highly intensive in skilled labor. “Its development in Panama will mean the generation of specialized jobs in areas such as design, engineering, manufacturing and management, which will boost employment, the development of local talent and exports from our country”, they highlight.

The businessmen point out that the continuous growth of technology as an economic activity has been recognized by both nations, and Panama, aware of the importance of taking advantage of this wave of opportunities, the Chamber has included an outstanding priority in the Country Agenda Project: Education and job creation.

The Chamber of Commerce indicates that the National Government and society as a whole should focus on seriously promoting education in science, technology, engineering and mathematics (STEM). They specify that although the educational challenges do not disappear with this announcement, the momentum of this semiconductor industry promises to be the necessary stimulus to address and solve the pending challenges in the educational system.