Foxconn is planning to begin assembling ’s tablet PC at its plants in Brazil by end-November, according to Aloizio Mercadente, Brazil’s science and technology minister.
Reuters reports that Foxconn Technology Group is also considering investing $12 billion in Brazil to assemble monitors, according to Brazil’s President Dilma Rousseff.
“You’ve got an ample range of investments that go from $300 to $400 million to $12 billion over 5 to 6 years in the case of Foxconn,” Rousseff said, speaking of discussions Brazil’s government is having with various technology companies.
“They’re proposing a partnership. They came to us and said we want to invest in Brazil.”