Thursday, September 29, 2011

Foxconn?s $12 billion Brazil iPad plant ?in doubt?

Foxconn’s plans to build a $12 billion factory in Brazil dedicated to producing iPads is “in doubt,” government officials in Brazil told Reuters. Reportedly, negotiations have stalled because both sides have yet to reach an agreement on tax breaks for Foxconn. Additionally, Brazil may not be able to populate the factory with enough skilled laborers. Worse still, Brazil has been tasked with building infrastructure for the 2014 World Cup followed by the Olympics two years later. Skeptics argue Brazil will not be able to finish all of the construction required for the two major sporting events and create Foxconn’s proposed “intelligent city” outside of Sao Paulo. Read on for more. “The talks have been very difficult, and the project for

Source: http://feedproxy.google.com/~r/TheBoyGeniusReport/~3/q4a-m8DyRLw/

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