Taiwan's Foxconn mulls Brazil touch screen factories

Oct 13, 2011
Workers assemble electronic components at Foxconn's factory in Shenzhen in 2010. Brazil is in negotiations with Taiwan IT giant Foxconn to open two factories to manufacture touch screens in a multi-billion dollar project, a top Brazilian official said Thursday.

Brazil is in negotiations with Taiwan IT giant Foxconn to open two factories to manufacture touch screens in a multi-billion dollar project, a top Brazilian official said Thursday.

"What is under discussion with is a major investment to produce touch screens, which are so far only made in four countries in the world," said Science and Technology Minister Aloizio Mercadante.

"And Brazil would be the first Western country to produce them," he said, estimating the project would be worth several billion dollars.

He did not give any further details, other than to say there would also be Brazilian investors and the participation of the state-run Brazilian Development Bank.

In return Brazil was asking for "unrestricted technology transfer," he added.

Foxconn has been working in Brazil since 2003, and already operates four in Latin America's biggest economy. A fifth is being built in Jundiai, in Sao Paulo state.

During a visit to China in April, Brazilian President Dilma Rousseff said Foxconn, which makes iPads and iPhones, was considering investing $12 billion in Brazil to build computer and mobile phone components.

She said a working group had been formed to study the proposal.

Explore further: Scientific Games strikes $3.3B deal to buy Bally

add to favorites email to friend print save as pdf

Related Stories

Brazil to build new nuclear reactor: report

May 06, 2010

Brazil is to build a 483-million-dollar nuclear reactor to produce radioactive material for medical use as well as industrial-grade enriched uranium, local media has reported, citing a cabinet minister.

Brazil, a new haven for high tech investors

Apr 19, 2011

A longtime exporter of raw materials and a hub for foreign investors, Brazil is now seeking capital for cutting-edge research in oil and information technology.

2 killed in explosion at China electronics plant

May 21, 2011

(AP) -- Two people died in an explosion at a factory in southwestern China belonging to electronics maker Foxconn Technology Group, a company official and state media reported.

iPad makes it to Brazil, at eye-watering prices

Dec 03, 2010

Apple's iPad went on sale in Brazil from Friday, with customers lining up at stores to get their hands on the tablet computer whose entry into Latin America's biggest market faced pricing and other challenges.

Recommended for you

Scientific Games strikes $3.3B deal to buy Bally

54 minutes ago

Scientific Games plans to pay about $3.3 billion to buy Bally Technologies in a deal that would combine makers of gambling equipment ranging from slot machines to instant-win lottery games.

Tesla loss widens as it ramps up expansion plan

6 hours ago

US electric automaker Tesla Motors reported Thursday a widening loss in the past quarter amid record revenues as it ramped up plans for a giant battery plant for future vehicles.

Android grabs 85% of smartphone market

20 hours ago

Smartphones powered by the Android operating system captured 85 percent of the worldwide market in the second quarter, threatening to marginalize rival platforms, a new survey shows.

Chinese man brings gay conversion therapy lawsuit

Jul 31, 2014

(AP)—A gay Chinese man said Thursday he was suing a psychological clinic for carrying out electric shocks intended to turn him straight, as well as the search engine giant Baidu for advertising the center.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Nanobanano
not rated yet Oct 13, 2011
Don't think you're getting them jobs, Brazil. They will replace you with ROBOTS.

Los humanos seran reemplazados por computadoras.

See there? I don't even know that much spanish. Google Translate knows everything though.

"Your men are obsolete."

Sus hombres se han quedado obsoletas

Unfortunately.

Knowing a language is no longer even matters on a resume. Just google it...