Assessing the Dominican Republic’s Readiness to Compete in Global Semiconductor and PCB Value Chains
The Dominican Republic has been one of the world’s fastest-growing economies over the past half century, evolving into Latin America’s seventh-largest economy today. The country boasts a rich advanced-manufacturing sector, fueled by one of the most-robust free trade zone networks in the Americas, which produced $1.2 billion of advanced electronics, and $2.25 billion of medical device exports, in 2022. As global value chains for advanced technology products such as semiconductors and printed circuit boards (PCBs) reshuffle amidst a quest for nearshoring that enables increased diversification, resilience, and security, the Dominican Republic represents a leading candidate to attract such investments in the Americas.
Watch now for an ITIF event releasing a report that will explore the Dominican Republic’s preparedness to compete in global semiconductor and PCB value chains.