Mexico has become the new hub for developing semiconductor chips for AI development amid the US-China tech standoff.
Major tech giants like Foxconn are boosting investments in Mexico to shift hardware dependencies from China and Asian countries.
Foxconn is investing heavily in Mexico and is servicing big tech players like Nvidia, Amazon, Google, and Microsoft for AI server needs.
The US-Mexico-Canada free trade agreement is facilitating the shift of manufacturing operations from China to Mexico.
A US report indicated that imports from Mexico surpassed those from China for the first time in 20 years.
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