Foxconn in Talks on $12 Billion Brazil Plant, Rousseff Says
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Brazilian President Dilma Rousseff said Foxconn Technology Group may spend $12 billion over five to six years to expand production in the country, in what would be the Taiwanese company’s biggest investment overseas.
The maker of Apple Inc.’s iPhone and Dell Inc. computers is holding talks with the government, the Brazilian president told reporters in Beijing yesterday. Foxconn is giving “serious consideration” to further investment in the South American country and has yet to decide on details, said Louis Woo, a spokesman for the Taipei-based company, declining to comment on the value.