Foxconn, Other Asian Firms Consider Mexico Factories as China Risks Grow

Foxconn, Other Asian Firms Consider Mexico Factories as China Risks Grow
A sign announces the manufacturing complex of Foxconn PCE Technology, in Ciudad Juarez, Mexico, on Feb. 6, 2020. Jose Luis Gonzalez/File Photo/Reuters
Reuters
Updated:

HONG KONG/TAIPEI/MEXICO CITY—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.