President Rousseff invites Foxconn to develop Brazil’s electronics industry

Thursday, April 14th 2011 - 05:24 UTC

Full article 5 comments

Foxconn in planning to invest as much as 12bn US dollars in Brazil, according to President Dilma Rousseff currently on an official visit to China. Taiwan-based Foxconn operates the majority of its factories in China, producing goods for firms like Apple, Hewlett Packard and Dell. Read full article

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GeoffWard
Foxconn makes and assembles consumer electronic goods for, inter alia:
Apple Inc. (United States)
Acer Inc. (Taiwan)
Amazon.com (United States)
Asus (Taiwan)
Intel (United States)
Cisco (United States)
Hewlett-Packard (United States)
Dell (United States)
Nintendo (Japan)
Nokia (Finland)
Microsoft (United States)
Sony (Japan)
Sony Ericsson (Japan/Sweden)
Samsung (Korea)
Vizio (United States). [Wiki]

What is unclear in Dilma's announcement is whether giving entry to Foxconn gives entry, not just to Apple, but potentially to the whole above group of companys' product-ranges,

because, if it is the case, this will effectively wipe Brasilian - and, by extension, all other South American indigenous electronic companies - off the map.
Tariff protection was the only chance these developing companies had to help them move from local to (in the fullness of time) global.
Apr 14th, 2011 - 09:01 pm - Link - Report abuse 0
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Forgetit87
Agreed.
Apr 14th, 2011 - 09:57 pm - Link - Report abuse 0
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Fido Dido
In fact, FoxConn already has factories in three different Brazillian cities, employing 4.3k people. They assembly electronic devices localy for companies like Sony Ericsson, Dell and HP, for domestic and exports.
Brazil has high taxes on IT hardware products that are imported (what is good for Brazil in my opinion). The investment from Foxconn is a way to manufacture iphones and ipads domestically to lower the overall prices and grow inside the Brazilian market (and perhaps exports). FoxConn is interested since the Brazilian government is taking initiatives to lower taxes for the tablets. Competition is good for the Brazilians.
Apr 14th, 2011 - 10:10 pm - Link - Report abuse 0
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GeoffWard
“President Rousseff invites Foxconn to develop Brazil’s electronics industry”

For just $12billion, the Presidenta has invited Foxconn to kill-off Brasil's electronics industry.
Apr 15th, 2011 - 12:02 am - Link - Report abuse 0
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Fido Dido
Geoff, that's BS, but since I know now where what kind of political spectrum you're from, it make sense why you type your anti Presidenta nonsense here. Stop drinking the left vs right kool aid drink, it's poison.
Apr 15th, 2011 - 12:31 am - Link - Report abuse 0
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