“iPhone maker Foxconn Technology Group is considering investing $12 billion in Brazil to assemble monitors, Brazil’s president said on Tuesday, in a sign the company may be ready to accelerate its move away from its main China manufacturing base,” Ray Colitt reports for Reuters
“The Brazilian government is studying Foxconn’s investment plan, President Dilma Rousseff told reporters during a visit to Beijing, where she is meeting with Chinese President Hu Jintao,” Colitt reports. “‘We’ve been talking to them for three months,’ said Aloizio Mercadente, Brazil’s science and technology minister.”
Colitt reports, “The Brazilian government and Foxconn are negotiating a range of details, including the location of any new facilities, financing, taxes, broadband infrastructure and logistics, including roads. ‘The negotiations are far from complete but I’m confident,’ said Mercadente… Separately, Mercadente also told reporters that Foxconn is planning to begin assembling Apple’s iPad tablet PC at its plants in the South American country by end-November.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]