Taiwan’s Foxconn and others speed up investment in Mexico

Foxconn and other Taiwanese tech suppliers are increasing their production capacity in Mexico to meet a growing demand for electric vehicles (EVs) and servers to be made in North America, Nikkei Asia reported on Tuesday.

Mexico is one of the key locations for the Foxconn’s strategic investments this year, according to the report, citing a person with direct knowledge of the matter.

The report continues to state that companies such as Pegatron, Quanta Computer, Compal Electronics, and Inventec all have plans to increase their manufacturing footprint in Mexico in 2023.

Foxconn, the world’s biggest contract electronics manufacturer and a key iPhone assembler will have local manufacturing options in Ohio, Wisconsin, and Mexico for EV clients, the report added.