Dec 06, 2013 - 05:15 PM EST — AAPL: 560.02 (-7.881, -1.39%) | NASDAQ: 4062.521 (+29.356, +0.73%)
“According to a report by Brazilian website UOL, the Brazilian Minister of Science and Technology, Aolizio Mercadante, has confirmed during a hearing with the Commission of Economic Affairs that the new factory in Jundiaí is “ready”, and already making iPads that will begin shipping in Brazil starting this December,” Federico Viticci reports for MacStories.
“A first report from April suggested Foxconn would invest $12 billion in this new factory, with iPad production starting in late August / early September — the timeline seems correct,” Viticci reports. “Additionally, it was reported in June Foxconn had already hired 175 engineers and sent them to China for training on how to build iPads.”
Read more in the full article here.