Samsung invests half a billion dollars in Mexico

South Korean technology giant Samsung continues to increase its production activities globally. Samsung spends $500 million to manufacture more products in Mexico.
 Samsung invests half a billion dollars in Mexico
READING NOW Samsung invests half a billion dollars in Mexico

Due to the global chip crisis and economic tensions that started during Covid-19, many companies started to reduce their production in China. Samsung, one of the largest technology companies in the world, is increasing its production activities globally.

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Samsung will manufacture home appliances in Mexico

Already producing home appliances and televisions in Mexico, Samsung is expanding its production facilities in Mexico. Mexico’s Minister of Foreign Affairs, Marcelo Ebrand, stated that Samsung will invest $ 500 million in the country to increase the production of household appliances. Samsung’s investment will take place in the province of Queretaro. In addition, Minister Ebrand stated that he met with Samsung CEO Han Jong.

Samsung, which makes serious productions in Tijuana for television sales in North America, seems to have invested in Mexico to catch up with the demands for home appliances in North America. Samsung continues to attract attention by investing in many production facilities in recent years.

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