A Taiwanese delegation visits Mexico to evaluate investments in technology

“The Ministry of Economy, in coordination with the CEO Dialogue in charge of the Business Coordinating Council (CCE), received this business mission in order to show this high-tech sector the competitive advantages that the country offers,” he said in a statement issued by the Mexican government agency.

The Taiwanese delegation is made up of giants in the microchip and PCB sector, such as Foxconn, Unimicron, Invetec and Pegatron.

“To measure the relevance of these companies that visit us today, it is enough to say that any cell phone, medical device, car, television or household appliance has components manufactured by one of these companies,” explained the SE.

In addition, he stressed that any cell phone, medical device, car, television or household appliance has components manufactured by any of these companies.

“Without these small neurological systems that have Taiwan as the epicenter of their production, life today would be inconceivable,” he added.

Currently, the semiconductor industry represents a global market of 580,000 million dollars (mdd) and that of PCBs is 82,000 mdd.

The Ministry of Economy highlighted that some factors such as governance and macroeconomic stability, the geographical position, the network of trade agreements and the young and specialized labor force are managing to attract new investments to Mexico from large companies.

He also highlighted the opportunity that opens up after the disruptions in supply chains caused by the pandemic, coupled with emerging geopolitical phenomena, which have caused producers to seek a place closer to their consumers.

“In this sense, Mexico works closely with the United States and Canada to develop microchip and PCB production chains in North America and take advantage of the full potential offered by the window of opportunity known as ‘nearshoring,'” the Mexican agency added.

In this sense, the Ministry of Economy of Mexico emphasized that this plan represents “a turning point regarding the role that our country plays in global markets.”