After some furious speculation over the past couple of days, Boy Genius Report confirms today that new information has just emerged to suggest that Foxconn is planning to spend up to $12 billion on building a new manufacturing base in Brazil, with the aim of helping its clients avoid paying the high import duty that is levied on imports from China and Taiwan, where the iPad is currently made. The Brazilian government is looking at Foxconnâ€™s plans and considering them at this stage, and the Brazilian president Dilma Rousseff is currently in Beijing meeting with Chinese President Hu Jintao to discuss the matter, along with other wider issues. According to Aloizio Mercadente, Brazilâ€™s science and technology minister, if the deal goes ahead, then Foxconn could be up and running in Brazil and building iPads and other Apple devices in the country by the end of November. Could the move possibly even mean lower prices for Apple devices in the US with less import taxes being paid? Itâ€™s a nice thought!
Source: iPad maker Foxconn could spend $12B on new plants in Brazil | BGR