iPad maker Foxconn could spend $12B on new plants in Brazil

By on Apr 12, 2011 at 1:21 PM
Business April 12, 2011

Hon Hai Precision Industry Co. Ltd.-owned Foxconn is considering spending up to $12 billion on new facilities in Brazil that would help the electronics manufacturer’s clients avoid high import taxes on devices shipped to key markets from China and Taiwan. The move would also potentially help the manufacturer avoid some of its rising labor costs in China. The Brazilian government says it is currently studying Foxconn’s plans, and the country’s President Dilma Rousseff is overseas discussing this and other matters 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 told Reuters. “They’re proposing a partnership. They came to us and said we want to invest in Brazil.” Foxconn could start building devices like Apple’s iPad in Brazil by the end of November according to Aloizio Mercadente, Brazil’s science and technology minister.

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  • Anonymous

    There goes my Brazilian bothering!

    • Anonymous

      I can see myself reading news on BGR, “Hash found in iPad box”

  • http://twitter.com/altogiro Alto-Giro

    I see a caipirinha app coming installed

    • Anonymous

      With rodizio on the side!

  • Bob

    You could have written this entire article without mentioning Apple or any Apple product…

    • Anonymous

      agreed, but if they tag it with key apple words, the more likely we are to see it in a search and therefore want to comment on it (negatively or positively). either way, we have just helped prove that bgr is where people like to share their opinions. ha.

      pretty soon you will see in the mainstream news “BGR analysts have predicted 5.5 million iPads to sell in September…” …. oh wait….

  • KCRic

    How about a plant in America? Since we give them all of our money it would be a nice way to give back a bit. Apple probably wouldn’t use them then. Apple – Made anywhere but America.

    • QNX Please

      You think Apple products are expensive now, what do you think it’ll be when some unionized worker is getting paid $30/hour to screw an ipad together.

      • MarkXX

        I’m writting this from the plant in America.

      • Chuckles50

        pay the people a fair wage and you have happy folks a not slave labor

    • Anonymous

      The only company that makes stuff in america is google!

      • Anonymous

        Toyota, the most American car manufacture today.

      • Anonymous

        Meant technology… :-)

      • Ultraseven32

        i really hope you’re not a brazilian.

      • Anonymous

        And why is that??? But nope, I am not. Lived there, but I am not Brazilian. I, like my fellow Goofan (aka Apple Hater) PAPITO, am Puerto Rican. So, please no Puerto Rican jokes! :-)

    • Ultraseven32

      apple and any other company produce in china and any other country where product cost will be cheaper and profitable for them. i don’t see this happening here so soon. jst forget it!!!!

  • Anonymous

    build an ipad and get laid on your lunch break that would be the life

  • Anonymous

    Oh great. Bad enough there are mountains of e-waste in parts of China, now they want to bring them to Brazil to add to the deforestation of the Amazon rainforest (lungs of planet earth)! And how ironic that “Apple” could potentially negatively impact Brazil’s “Apple Bottom” Babes. Sayin…

    • Anonymous

      Uhhhhhh… I love them nice butts!

  • http://www.techno-update.com techno-update

    Why couldn’t people build more stuff in the US.

    • http://twitter.com/livingbasehead Shelton

      Unions, poor quality, More regualtions. theres more incentives in other countries.

      • Shanghai Dan

        Not to mention the world’s highest corporate taxes… Nothing like giving 40% of your profit back to the Government!

  • RFMD

    I hope it’s one story.. Too soon?

  • http://twitter.com/ampololo Andrews

    cheap manufacturing will be exhausted when developing countries start demanding higher wages, the american dream as we know it will start to erode…just saying ; Brazil manufacturing aint gonna be cheaper than China and apple invested wont take lower returns on investment. lol

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