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$12 Billion Dollar Foxconn Plant in Brazil for iPads is "In Doubt" - iPad in Canada Blog - Canada's #1 iPad Resource iPad in Canada Blog – Canada's #1 iPad Resource

$12 Billion Dollar Foxconn Plant in Brazil for iPads is “In Doubt”

by on September 30th, 2011

Foxconn, one of Apple’s primary manufacturers had planned to build a massive $12 billion dollar plan in Brazil to produce iPads. However, in a report by Reuters, it appears that deal is now in jeopardy:

A much-hyped $12 billion plan for Taiwanese manufacturer Foxconn to produce iPads in Brazil is “in doubt” due to stagnant negotiations over tax breaks and Brazil’s own deep structural problems such as a lack of skilled labor, government

The plan was scheduled to begin in July but delayed to November, according to an official. Funding for the project has reportedly run into trouble the state development bank BNDES. The main issues holding back the iPad in Brazil are high taxes, poor infrastructure and a smaller selection of labour. The plan was originally met by skepticism, but now it appears the powers that be don’t want to make the plant happen in Brazil.

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