Foxconn Investing $12 Billion in Brazil to Manufacture iPads and iPhones
According to Reuters, Foxconn are planning to invest up to $12 billion in manufacturing facilities in Brazil.
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.
“You’ve got an ample range of investments that go from $300 to $400 million to $12 billion over 5 to 6 years in the case of Foxconn,” Rousseff said, speaking of discussions Brazil’s government is having with various technology companies.
“They’re proposing a partnership. They came to us and said we want to invest in Brazil.”
Foxconn has been in discussions about this investment for the past three months and it is expected that something will be finalised very soon.
Does this mean that we will be seeing iPad’s and iPhone’s with made in Brazil writing on the back?
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