SANTO DOMINGO – Weeks after announcing approaches with German companies interested in semiconductor production, the Dominican Republic continues to expand its efforts to position itself within one of the world's most strategic technology industries.
According to the Ministry of Industry, Commerce and SMEs (MICM), Minister Víctor “Yayo” Sanz Lovatón presented to representatives of the Spanish Association of the Semiconductor Industry (AESEMI) the competitive advantages that the country offers to attract investments linked to the manufacture and assembly of electronic components.
According to the organization, the meeting is part of a work agenda developed in Spain to promote the Dominican Republic as a nearshore for companies seeking to diversify their supply chains and bring part of their production closer to the markets of America and Europe.
During the meeting, the official outlined the conditions that would allow the country to receive operations related to the manufacture of printed circuit boards (PCBs), electronic components, discrete semiconductors, and processes for the assembly, testing, and packaging of technological devices.
Spain joins Dominican strategy to attract semiconductors
According to the MICM, the Dominican government seeks to build long-term industrial relationships with relevant players in the European semiconductor ecosystem, an industry that has gained strategic importance due to the growing demand for technological devices, electric vehicles, medical equipment, and artificial intelligence.
Sanz Lovatón acknowledged the role that Spain plays within the European technology sector and expressed interest in strengthening ties with companies specializing in this area.
The rapprochement occurs in a context where the United States, Europe and other developed economies are promoting policies to diversify their supply chains and reduce dependence on large Asian production centers.
The strengths of the Dominican Republic
According to the Ministry, there are currently about 25 electronics companies operating in the Dominican Republic, including Eaton, Rockwell, Jabil and Vishay, exporting mainly to the US market.
The official also highlighted the existence of investment incentives, the free trade zone regime, the country's geographic location, and the availability of skilled labor as elements that strengthen the Dominican proposal.
According to data presented by the MICM, the Dominican Republic exports more than US$3 billion annually in medical devices and around US$1.2 billion in electronic devices, in addition to having more than 40,000 workers trained for technological and manufacturing industries.
An industry declared a national priority
Promoting investment in semiconductors is part of the government's strategy to develop higher value-added activities within the national economy.
As the MICM recalled, Decree 324-24 declared the development of the semiconductor industry in the Dominican Republic a high national priority, with the aim of attracting new investments, strengthening the country's technological capabilities and generating specialized jobs.
With the approaches made both in Germany and now in Spain, the authorities seek to position the country as a competitive destination for companies that participate in one of the most important production chains of the global economy.
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