Foxconn invests US$500 million in Chihuahua

CHIHUAHUA - The manufacturing company Foxconn, Apple's main supplier, invested US$500 million in the state of Chihuahua, the company informed in a press release.

The investment comes in response to the nearshoring that is occurring in the country, since they are starting work on the relocation of two new plants in Ciudad Juarez, in addition to the one they already have at the San Jeronimo-Santa Teresa intersection in the state.

He stated that these two plants, for a total of three in Chihuahua, will generate 5,000 jobs, more than half of which are considered of high value for the border.

The company informed that together with and the Government of the state of Chihuahua, announced a partnership with the objective of boosting talent training, fostering technology and promoting the development of sustainable energy.

Foxconn is committed to fostering a talent pool equipped with cutting-edge skills to meet the demands of the ever-evolving Information and Communication Technology (ICT) and Automotive industry.

"In collaboration with the state, we aim to develop training programs and initiatives that empower the workforce and position Chihuahua as an innovation-driven manufacturing hub," he detailed.

Hon Hai Technology Group, better known as Foxconn was founded in 1974 in Taiwan; it is the largest electronics manufacturer and a leading provider of technology solutions worldwide.