Taiwan’s Tech Companies Looking to Mexico for New Investments

Taiwan’s tech companies, including Foxconn, are looking to ramp up their production capacity in Mexico to meet a growing demand for electric vehicles (EVs) and servers to be made in North America. Foxconn, the world’s largest contract electronics manufacturer and a key Apple supplier, is considering local manufacturing options in Ohio, Wisconsin and Mexico for EV clients , and designated Mexico as a key location for strategic investments this year. Foxconn and other Taiwanese manufacturing companies are aiming to help the U.S. and their clients to shift their supply chain from East to West.

Leading contract electronics manufacturer Foxconn recently established a headquarters in Mexico.

Foxconn, which also includes Google and Amazon’s AWS in its clients list, has been looking to develop EV manufacturing operations amid a slowing market for smartphones, and to diversify product range. The company is said to already secure new EV clients in Mexico.

iPhone assembler Pegatron, MacBook manufacturer Quanta, iPad supplier Compal and HP and Dell contractor Inventec are also looking to grow their manufacturing operations in Mexico this year.

Pegatron, which also supplies to Tesla and GM, earmarked $300 million-$350 million this year for Mexico and Southeast Asia.

Compal looked to grow capacity at the Mexico facility for its automotive electronics business.

Quanta hired more engineers with expertise in automotive electronics computing systems in Mexico.

The shift from Taiwanese companies is considered a direct result of the U.S. China policy and the Inflation Reduction Act, which incentivizes local production for EVs.

The U.S. emphasized domestic production of cutting-edge semiconductor chips following growing geopolitical tensions with China.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

LME Aims to Reform Nickel Market by the End of March

The London Metal Exchange (LME) said on Tuesday it aims to decide by the end of March how it will implement recommendations to avoid market disruptions and improve risk monitoring after a review of last year’s nickel crisis. LME oversight shortcomings have become highlighted, as nickel contracts remain crippled after months of turbulence. Falling volumes and liquidity leave the nickel industry without a global reference price.   indust

Norway to Start Delivering Gas to Poland via Baltic Pipe Towards the End of 2022

The Baltic Pipe, which is under construction to carry Norwegian gas to Poland via Denmark, will start deliveries in October or November according to Polish Prime Minister Morawiecki. The EU has been looking for ways to cut Europe’s dependence on Russian gas by two thirds this year and end its reliance before 2030. 

Chinese Researchers Produced Animal Feed Protein from Carbon Monoxide

Researchers in China said they have found a way to produce an animal feed protein from carbon monoxide (CO). The researchers hope that it will be a breakthrough for the country, which imports huge volumes of soybeans every year to feed its livestock. China is the world’s biggest importer of soybeans and turns it into protein rich feed for its livestock sector.

Stay informed

error: This content is protected !!