“President Dilma Rousseff first announced the Foxconn proposal to build Apple’s hot-selling tablet in Brazil during an official visit to China in April,” Bachega reports. “Since then plans have been delayed because of complex negotiations over tax breaks and other benefits the company is seeking.”
Bachega reports, “The lengthy negotiations reflect the country’s sometimes difficult investment climate and the Rousseff administration’s ambiguous stance between a heavy government hand and the need to attract private capital. But Foxconn Chairman Terry Gou and Brazil’s Science and Technology Minister Aloizio Mercadante told reporters on Thursday the company will start assembling the iPad locally in December at its plant in Jundiai in Sao Paulo state.”
Read more in the full article here.
[Thanks to MacDailyNews Readers "Fred Mertz" and "Dan K." for the heads up.]