Fender Squier series (
guitars and
basses) is group of cheap replicas of genuine Fender instruments. They were originally crafted in
Japan, but nowadays there are models from
China and
Korea also. (NOT in
Mexico. Mexico model is much more expensive and better)
Price compared to original Fender is about 1/5, but of course also quality is lower. For examle microphones are much less sensitive and adjusting the neck isn't possible.