Samsung to invest $500 million in Mexico, foreign minister says By Reuters

Samsung to invest $500 million in Mexico, foreign minister says

Stock Markets Jul 04, 2022 10:25PM ET

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Samsung to invest $500 million in Mexico, foreign minister says

(Reuters) - Samsung Electronics (OTC:SSNLF) will invest $500 million in Mexico in order to increase production of home appliances in the country, Mexican Foreign Minister Marcelo Ebrard said on Monday.

On Twitter (NYSE:TWTR), Ebrard said the investment will be in the northern border city of Tijuana and Queretaro in central Mexico. He said he had met with the company's Chief Executive, Han Jong-Hee.

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