Squier Telecaster is a copy of the Fender Tele. It has identical design and all the features of the Tele but is being produced in Asia. Besides for some of the components Squier used less expensive materials which allowed them to offer this series at a very affordable price. The main idea of Fender Squier was to satisfy those musicians who like Fender Tele but are not ready to pay for the original Telecaster.