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: Mexico City proposes regulations for Uber

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

Mexico City proposes regulations for Uber

Jul 04, 2015

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

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.