On August 20, Mexican Economy Minister Tatiana Clouthier said on Friday local time that various incentives are being considered to attract private funds to invest in the semiconductor field, as the United States stimulates chip production, Mexico has a natural geographical advantage.

Clautier said on Friday that the Mexican government is seeking to help companies considering expanding operations in Mexico and that the Mexican Finance Ministry is evaluating options. She added that more investment in Mexico would benefit the local auto-making, electronics and aerospace industries.

“We can create incentives for companies that move into Mexico to invest more,” Cloutier said in an interview. She said she is in contact with Mexico’s finance ministry to discuss what can be done to support innovative industries so that Promote employment. "We believe these areas deserve some type of assistance."

Cloutier did not elaborate on which incentives are being discussed.

Earlier in August, the Mexican Commerce Department held a forum with U.S. investors to discuss the advantages of investing in Mexico after the U.S. Congress approved a chip bill totaling about $52 billion. Mexico could be a "key collaborator," Mexico's economy ministry said in a statement after the meeting.

Cloutier listed Jalisco and Aguascalientes as potential investment areas, but also encouraged companies to relocate to southern states with better water resources. The drought has affected cities in northern Mexico, including Monterrey, and Mexican President López has called on water-guzzling companies to limit production.