Electronics is one of the fastest growing industries in Mexico in terms of export potential and employment generation. Currently, Mexico is the second largest supplier of electronic products to the US market, which comprises audio and video, telecommunications, computer equipment and its parts.
There are over 730 manufacturing plants related to the electronics industry in Mexico.
The rapid advancement in manufacturing and supply in Mexico cannot be overemphasized as Mexico stands out as the country with the lowest operating costs in the Americas in the manufacturing of electronic components and equipment, according to a study by KPMG.
The major global electronics leaders have operations in Mexico because it enables them to serve the US and Canadian markets. Nine of the top ten transnational electronics manufacturing services (EMS) are established in Mexico. Samsung, LG, Toshiba, Foxconn, Flextronics, and Intel are some of the global companies with a presence in Mexico.