Foxconn, the largest production partner of Apple must be happy about the tax exemptions it has been granted in Brazil.
Taking advantage of favorable conditions for production in Brazil, Foxconn is planning to build five new production plants in Brazil to help support the growing demand for the iPad tablet.
“Officials from Foxconn and the Brazilian government will reportedly meet following the Chinese New Year to decide on where the factories will be built, but São Paulo is said to be pushing heavily for the investment. […] In addition to helping supply Apple with iPads, the factories will be tooled for notebook and general electronics production. […] A Foxconn representative declined to confirm its Brazilian expansion plans to Economia, calling the report “pure speculation.”
After receiving tax-breaks, Foxconn is planning to $300 million in a São Paulo factory. The new production facilities could house up to 1,000 employees each.