- In milestone, SpaceX 'catches' megarocket booster after test flight
- In a first, SpaceX 'catches' megarocket booster after test flight
- Bangladeshi Hindus shrug off attack worries to celebrate festival
- Ubisoft fears assassin's hit over falling sales
- Vietnam, China hold talks on calming South China Sea tensions
- SpaceX will try to 'catch' giant Starship rocket shortly before landing
- Japan's former empress Michiko discharged after surgery: reports
- Japan's former empress Michiko discharged after surgey: reports
- 'Little Gregory' murder haunts France 40 years on
- Tariffs, tax cuts, energy: What is in Trump's economic plan?
- Amazon wants to be everything to everyone
- Jewish school in Canada hit by gunfire for second time
- With medical report Harris seeks to play health card against Trump
- China-EU EV tariff talks in Brussels end with 'major differences': Beijing
- Buried Nazi past haunts Athens on liberation anniversary
- Harris to release medical report confirming fitness for presidency: campaign
- Nobel prize a timely reminder, Hiroshima locals say
- China offers $325 bn in fiscal stimulus for ailing economy
- Small Quebec company dominates one part of NHL hockey: jerseys
- Boeing to cut 10% of workforce as it sees big Q3 loss
- Want to film in Paris? No sexism allowed
- US, European markets rise as investors weigh rates, earnings
- In Colombia, children trade plastic waste for school supplies
- JPMorgan Chase profits top estimates, bank sees 'resilient' US economy
- Little progress at key meet ahead of COP29 climate summit
- 'Party atmosphere': Skygazers treated to another aurora show
- Kyrgyzstan opens rare probe into glacier destruction
- European Mediterranean states discuss Middle East, migration
- Thunberg leads pro-Palestinian, climate protest in Milan
- Stock markets diverge before China weekend briefing
- EU questions shopping app Temu over illegal products risk
- Han Kang's books sell out in South Korea after Nobel win
- Shanghai markets sink ahead of briefing on mixed day for Asia
- Investors, analysts eye bigger China stimulus at Saturday briefing
- Musk unveils robotaxi, pledges it 'before 2027'
- At least 11 dead in Florida but Hurricane Milton not as bad as feared
- Asian markets mixed after Wall St drop, Shanghai dips before briefing
- Automaker Stellantis says CEO will retire in 2026
- Musk's promised robotaxi unveil delayed
- On US coast, wind power foes embrace 'Save the Whales' argument
- At least 10 dead in Florida after Hurricane Milton spawns tornadoes
- Internet Archive reels from 'catastrophic' cyberattack, data breach
- Wall Street stocks retreat from records on US inflation data
- Israel strikes central Beirut, killing 22
- Solar storm could impact US hurricane recovery efforts: agency
- Delta eyes Election Day travel pullback as profits climb
- Florida battered by hurricane, floods but spared 'worst-case scenario'
- UK's William and Kate in first joint public engagement since cancer treatment
- Over 200 women in legal talks with Harrods over Fayed abuse claims
- A very stiff breeze: BBC says sorry for 20,000 kph wind forecast
Taiwan's Quanta Computer confirms new investment in Mexico
Taiwan's Quanta Computer confirmed it had "investment plans" in Mexico on Wednesday after the governor of Nuevo Leon announced the company would pump an additional $1 billion into his state.
A Tesla supplier and Macbook maker, Quanta is one of the world's leading electronics and contract manufacturers, and is best known for making the "brains" that go inside electric cars.
"Quanta has investment plans in Mexico and will gradually advance based on customer demands and (its) business development plan," it announced in a filing to the Taiwan Stock Exchange on Wednesday.
It declined to provide financial details, saying only that "the investment in Mexico does not involve equity investment".
Quanta's statement comes a day after the governor of the northern Mexican state of Nuevo Leon announced an investment of "$1 billion more" from the company after a successful pilot project.
"Because they liked it so much, they gave us the news that of the $250 million (already invested), they are going to invest $1 billion more," Garcia said in a video he shared on Twitter Tuesday.
He added the investment was "just for equipment and technology transfer" in the first phase, and that land and construction would still need to be factored in.
Quanta has already recruited a workforce of 2,500 people since starting operations in Nuevo Leon.
The state is home to Monterrey city, where Elon Musk's Tesla is currently building a $5 billion new "gigafactory".
The investments in Nuevo Leon are part of the "nearshoring" trend among American companies and their suppliers, in which production sites are established closer to the US market.
In an interview with AFP in March, Garcia said production of Tesla electric vehicles could begin next January at the giant plant.
He added that he hoped the investment would create 7,000 direct jobs in Monterrey -- and 40-50,000 indirect ones, as Tesla was expected to bring with it many of the companies that make parts for its vehicles.
Between November and February, around 30 Tesla suppliers arrived in the region, Garcia said.
P.Gonzales--CPN