Foxconn Bets on Mexico as Tech's Next 'Friendshoring' Hub with $690M AI Server Push
• Foxconn has invested $690 million in Mexico over the past 4 years to expand AI server production • Investment is to meet demand from major U.S. tech companies like Nvidia, Amazon, Google, Microsoft • Companies want supply chains relying less on China and more on close political partners • Mexico emerging as hot spot for "friendshoring" investments after 2020 USMCA trade deal • For the first time in 20 years, US imports from Mexico surpassed those from China