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Quanta Computer to invest $1 bln in northern Mexico, says governor

23 May 2023 02:23 (UTC +04:00)

Taiwan-based electronics manufacturer Quanta Computer will invest $1 billion and create 2,500 jobs in the northern Mexican state of Nuevo Leon, Governor Samuel Garcia wrote in a Monday post on Twitter, APA reports citing Reuters.

Speaking from Quanta Computer's Mexican headquarters in the state capital of Monterrey, Garcia said the investment reflected the potential of nearshoring and was a sign of an "economic boom" in the state.

The investment is part of an expansion of Quanta's operations in the state, a Nuevo Leon spokesperson said.

Quanta Computer is a supplier for Tesla, which earlier this year announced a new Tesla factory worth $5 billion in Monterrey.