Taiwan firm to make computer tablets in Brazil

Jan 26, 2012

Taiwan-based manufacturer Foxconn Technology Group plans to make computer tablets in Brazil after the government granted the company tax incentives, officials said.

Foxconn, a leading manufacturer of that sells to companies like Apple, Sony, Cisco and Nokia, "will receive a reduction of 95 percent" in its tax on industrialized products until 2014, according to Brazil's Ministry of Development, Industry and Trade.

In return, Foxconn agreed to invest four percent of its after-tax income in research and development, the ministry statement added. Foxconn has operated in Brazil since 2003.

"In addition to generating jobs and investment, the manufacture of tablets in Brazil will lower the price of the products," Development Minister Fernando Pimentel said Wednesday.

In April 2010, Foxconn announced its interest in investing about $12 billion over five to six years in its four in Brazil to expand its mobile phone and information technology production.

Explore further: Two more former Sony workers sue over data breach

add to favorites email to friend print save as pdf

Related Stories

Parent of Taiwan's Foxconn reports profit drop

Oct 31, 2011

The parent of Taiwan technology giant Foxconn, which makes iPads and iPhones for Apple, said Monday its third-quarter profit dropped, with analysts pointing to the cost of moving factories in China.

China urges factory safety after iPad plant blast

May 25, 2011

(AP) -- Beijing urged Foxconn Technology Group and other Taiwanese companies on Wednesday to ensure safety in their mainland China factories after a fatal blast at a facility that makes Apple iPads.

Taiwan's Hon Hai looks to robot industry

Oct 31, 2011

The parent company of Taiwanese tech giant Foxconn plans to mass produce industrial robots as part of its efforts to cope with labour shortages and rising wages.

Recommended for you

2012 movie massacre hung over 'Interview' decision

36 minutes ago

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

7 hours ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

Atos shares soar after Xerox acquisition

9 hours ago

Shares in French tech firm Atos soared nearly five percent on Friday as traders cheered the news it had bought the IT wing of Xerox for more than $1 billion.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.