The three countries have agreed to map the semiconductor supply chain to identify gaps, and set up a group of industry and government representatives to shape policy and funding, according to a White House preview of a meeting between Joe Biden, Andrés Manuel López Obrador and Justin Trudeau. They will also extend data-sharing on critical minerals sites and stores, it said. (The Logic)

Talking point: Canada and Mexico both want in on the US$52.7-billion U.S. CHIPS and Science Act-induced reshoring of semiconductor production to North America. So the Biden administration’s willingness to find “complementary investment opportunities” and build cross-continental supply chains will likely go over well. The three leaders were also set to discuss complementary industrial decarbonization policies, including electrifying public transport. Government programs have already paid for U.S. municipalities and school boards to fill their fleets with electric buses from Montreal-based Lion Electric and Winnipeg’s NFI. In a bilateral meeting on Tuesday, Trudeau and Biden also discussed Indo-Pacific cooperation, per Ottawa’s readout.