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Foxconn Technology Group will likely be manufacturing Apple iPads and iPhones in Brazil as early as July, according to the local Folha de São Paulo daily.
The paper reported Monday that Foxconn executives from Taiwan are due into Brazil later this week to discuss a massive $12 billion investment over the next five years to make Apple products at Foxconn's facilities in Jundiai, São Paulo.
Last week, the company sent a letter to Brazilian president Dilma Rousseff with a list of requests before committing fully to the investment. Sources within the internal revenue service of Brazil told Folha that it will decide on taxation for the Apple smart phone and tablet in the next few days. Taxation on the devices and its equipment were some of the questions Foxconn submitted to Rousseff last week.
Foxconn is Apple's biggest manufacturer. In Brazil, Foxconn producers mother boards and video cards for companies like Dell and Sony. Apple products are imported at high cost in Brazil, and any iPhone or tablet product made locally without the added tariff to the price tag would be a boon for Apple's business and branding efforts in Latin America's biggest mobile phone market.
