Panama launches national strategies for artificial intelligence and semiconductors

Panama has officially unveiled its National Advanced Technology Agenda, a strategic initiative designed to propel the country's technological advancement in key areas like Artificial Intelligence, Semiconductors, and Microelectronics. The agenda aims to foster a robust ecosystem for innovation, enhance professional development, and attract significant foreign investment.

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This action we are initiating today, added to others that began during our administration, represents the construction of long-term strategies that order priorities, guarantee predictability, and where training, capacity, and effort definitively overcome improvisation.

President José Raúl Mulino emphasized that these efforts are integral to building long-term public policies that establish clear national priorities and ensure predictability. "This action we are initiating today, added to others that began during our administration, represents the construction of long-term strategies that order priorities, guarantee predictability, and where training, capacity, and effort definitively overcome improvisation," Mulino stated.

The strategy includes a substantial investment of $105 million dedicated to the microelectronics and semiconductor sector. A portion of these funds will bolster the Center for Advanced Technologies in Semiconductors at the Technological University of Panama (UTP). Authorities anticipate this investment will generate specialized job opportunities and attract technology companies to the country. Eduardo Ortega, director of Senacyt, revealed that one company has expressed interest in hiring between 1,000 and 1,500 engineers, highlighting the potential for high-value employment.

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These technologies are transforming the world and society, and we want them to transform Panama too.

To meet the projected demand for skilled professionals, Panama is expanding its educational offerings in science and technology. Through an alliance with the Inter-American Development Bank (IDB) and UTP, the government will provide 10,000 scholarships in technology-related fields. This comprehensive approach seeks to position Panama as a regional hub for advanced technologies and innovation.

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It is significant not only for the number of jobs but because these are high-value jobs with significant economic incentives.