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President Luis Abinader indeed has a very expansive worldview. Much like former President Leonel Fernandez back in the late 1990s, when the latter proposed to turn Santo Domingo into “a little New York” and proceeded to build the Santo Domingo Metro system, now Luis Abinader wants the Dominican Republic to become a player in the world of semiconductors or microchips.
At the start of the computer industry, the US had 100% of the manufacturing capacity of semiconductors. Today that capacity is now 8% after the US outsourced the manufacturing of microchips used in computers and electronics to Asia. Upwards of 80% of computer chips and electronics are manufactured in South Korea, Taiwan, China, and Japan. Germany and Israel have small shares of the industry.
Enter nearshoring and friendshoring. The Dominican Republic has the potential to combine both. The DR offers the best of...
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