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Foxconn, other Asian firms consider Mexico factories as China risks grow

August 24, 2020 | News

Taiwan-based electronics manufacturers Foxconn and Pegatron are among companies eyeing new factories in Mexico, people with direct knowledge of the matter said, as the U.S.-China trade war and coronavirus pandemic prompt firms to reexamine global supply chains.

 

The plans could usher in billions of dollars in badly needed fresh investments over the next few years for Latin America’s second-largest economy, which is primed for its worst recession since the 1930s Great Depression.

 

Foxconn and Pegatron are known as contractors for several phone manufacturers including Apple. It was not immediately clear which companies they would work with in Mexico.

 

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