“Taiwanese technology giant Hon Hai on Friday said it has acquired a piece of land in Brazil for $12.6 million as part of its plans to expand its operation in the South American country,” AFP reports.

“Hon Hai’s subsidiary Foxconn CMMSG Industria de Electronicos Ltda bought the 1.42 million-square-meter (350-acre) site from Toulouse Incorporacao SPE LTDA, it said in a statement without elaborating,” AFP reports.

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[Attribution: BGR. Thanks to MacDailyNews Reader "Dan K." for the heads up.]