Quanta Computer to invest $1 bln in northern Mexico

MEXICO CITY: Taiwan-based electronics manufacturer Quanta Computer will invest $1 billion in the northern Mexican state of Nuevo Leon, the company and state government said Monday.

Nuevo Leon Governor Samuel Garcia first announced the investment in a video shared to Twitter, adding that it would lead to the creation of 2,500 jobs.

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 announcement adds to the 2,500 jobs already created and nearly $500 million already invested by Quanta in Nuevo Leon, Pedro Campa, the company’s vice president of manufacturing operations in Mexico, told Reuters.