Foxconn, Pegatron among Asian firms considering Mexico factories as China risks grow

//Foxconn, Pegatron among Asian firms considering Mexico factories as China risks grow

Foxconn, Pegatron among Asian firms considering Mexico factories as China risks grow

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 US-China trade war and coronavirus pandemic prompt firms to re-examine 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…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-08-25T02:42:14+00:00 August 25th, 2020|World|Comments Off on Foxconn, Pegatron among Asian firms considering Mexico factories as China risks grow