silicon border economic drivers
New economic initiatives presented in April 2004 to industry executives offer an income tax
structure and incentive package to semiconductor and other high-tech manufacturing operations
that makes Mexico extremely competitive with Asian countries currently offering business
incentives.
- Application of safe harbor provisions
- Advanced asset deduction for investment in production facilities and equipment
- Tax-free periods for companies with wafer fab costs of up to $2 billion
- Product and manufacturing protection under NAFTA
