President Abinader explores semiconductor industry potential with World Bank president

Santo Domingo.- World Bank President Ajay Banga discussed with President Luis Abinader the Dominican Republic’s potential for developing semiconductor assembly industries within its borders.

Following their meeting, President Abinader expressed optimism about the possibility of semiconductor companies establishing operations in the country within the next four years.

According to Abinader, Banga emphasized that the Dominican Republic possesses all the necessary characteristics and conditions for semiconductor development, similar to other countries in the region like Costa Rica.

Banga provided valuable insights into the semiconductor industry and offered recommendations on key areas where the Dominican Republic should focus its development efforts.

President Abinader pledged to facilitate the establishment of semiconductor companies in the country, aiming to retain young talent and provide opportunities for them to apply their technological expertise locally, thereby improving earning potentials.

To support this initiative, technical computer assembly courses have been initiated at institutions like the Technological Institute of the Americas (ITLA) and the National Institute of Professional Technical Training (Infotep). The Ministry of Education is also encouraging universities to offer master’s programs focused on the semiconductor industry.

Abinader’s discussions with Banga were part of his 24-hour agenda in Washington, where he attended the 54th Conference on the Americas and received the Chairman’s Award for Leadership in the Americas.

At the conference, Abinader highlighted the Haitian crisis as one of the Dominican Republic’s significant challenges, draining resources necessary for its development.