“Apple product assembler Foxconn plans to build five additional factories in Brazil to help cater to demand iPads and other tablets, which are expected to combine for an annual run rate of nearly 400 million units within five years,” Katie Marsal reports for AppleInsider.
“The news was released publicly by São Paulo’s Secretary of Planning and Development of the State, Julio Semeghini,” Marsal reports. “He said the five factories, which are in addition to the one already believed to be turning out iPads and iPhones, will each staff roughly 1000 workers.”
Marsal reports, “Officials from Foxconn and the Brazilian government will reportedly meet following the Chinese New Year to decide on where the factories will be built, but São Paulo is said to be pushing heavily for the investment. Foxconn already receives tax breaks for producing tablets in the region. Last week, the Brazilian government approved tax reductions or exemptions that cleared the way for the company to begin producing iPads in the country.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Dan K.” and “Lava_Head_UK” for the heads up.]