Cloud Network Technology, a subsidiary of Chinese electronics manufacturer Foxconn, will increase its investment in Ingrasys Technology Mexico by $10 million, aiming to expand its server assembly business in the country, the Taiwan-headquartered company said. As a subsidiary of Foxconn engaged in OEM (original equipment manufacturer) production, Ingrasys Technology Mexico was established in July 2021.
Credit: 123rf Three of China’s biggest electric vehicle makers – BYD, Chery, and SAIC – are in discussions with Mexican authorities over the setting up of car assembly plants in Latin America’s second largest economy, arousing concerns of Chinese firms finding a way to bypass US restrictions. US government officials are concerned that such investments
