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Edition: U.S. Article Comments (1) Follow Reuters Facebook Twitter RSS YouTube Read Obama pays tribute to unit in bin Laden raid 3:57pm EDT Al Qaeda confirms bin Laden is dead, vows revenge | 4:39pm EDT UPDATE 1-Biden sees up to 200,000 new U.S. jobs next month 23 Apr 2010 Oil gutted in record weekly drop 4:45pm EDT Photos show three dead men at bin Laden raid house 12:02am EDT Discussed 168 Obama to make statement late Sunday, White House says 141 Concerns raised over shooting of unarmed bin Laden, burial 96 Boehner demands trillion-dollar cuts in debt deal Watched Legendary founder of Seal Team Six speaks Thu, May 5 2011 Video of bin Laden compound fire Mon, May 2 2011 Bin Laden unarmed when killed - White House Tue, May 3 2011 Foxconn Brazil iPad deal facing barriers: reports Tweet Share this SAO PAULO (Reuters) - Taiwanese electronics giant Foxconn wants to begin assembling iPads in Brazil by July, but it is still seeking tax breaks and other government concessions as part of an investment plan that could be worth up to $12 billion,... Email Print Related News Brazil airport plan may not fly before 2014 World Cup Wed, May 4 2011 Samsung sees tough outlook, Q1 hits 2-yr low on TVs Fri, Apr 29 2011 UPDATE 2-Brazil's Magazine Luiza raises $586 mln in IPO Thu, Apr 28 2011 UPDATE 3-Brazil cenbank sees high rates lasting, fears wage heat Thu, Apr 28 2011 WRAPUP 2-Central banks try different tools to fight inflation Thu, Apr 28 2011 Analysis & Opinion Fear of flying BlackBerry maker starts to feel serious squeeze Related Topics Technology » Media » iPad » Stocks SAO PAULO | Fri May 6, 2011 12:51pm EDT SAO PAULO (Reuters) - Taiwanese electronics giant Foxconn wants to begin assembling iPads in Brazil by July, but it is still seeking tax breaks and other government concessions as part of an investment plan that could be worth up to $12 billion, Brazilian media reported on Friday. Foxconn Technology Group, maker of Apple Inc's iPhone and iPad, announced its intention to dramatically ramp up production in Brazil last month during a visit to China by Brazilian President Dilma Rousseff. Foxconn has moved up its desired start date for assembling iPads in Brazil to July from November, seeking to tap massive demand for the device in Brazil's booming consumer market, according to newspapers Estado de S.Paulo and Folha de S.Paulo. Their reports quoted government officials. "It's a daring timeline. Whatever is within our reach, we're going to work on making that viable," Science and Technology Minister Aloizio Mercadante told Folha. Foxconn's plans have generated excitement among Brazilian officials, who are hoping their country can move up the value-added manufacturing chain despite extremely high labor costs, taxes and an overvalued currency that have made business difficult for other factories in recent months. The project could also give Foxconn and Apple a better foothold in Brazil, where high-tech gadgets are often priced out of the market because of import tariffs and production costs. Apple's cheapest iPad currently retails for about $860 in Brazil, versus $400 in the United States. Several obstacles remain to the deal's full implementation. Rousseff recently received a long letter from Foxconn chief Terry Tou detailing several conditions for both short-term and long-term investments, the reports said, quoting Mercadante. The company is negotiating tax incentives for production and other measures that would make it easier to import components for local assembly, the reports said. Foxconn also wants government assistance in dispatching 200 Brazilian engineers to China for training as soon as possible. Foxconn intends to first begin assembling iPads in Brazil using imported parts, and then start producing screens and other parts locally in coming years, the reports said. Skilled labor shortages and the likely need for a local partner in the venture have caused some Brazilian economic officials to privately question whether the total investment will reach anywhere near $12 billion, the amount cited by Rousseff last month. The deal will also require funding from Brazil's BNDES state development bank, Mercadante said, which is under pressure to slow loan growth amid a rise in inflation. (Editing by Dave Zimmerman) Technology Media iPad Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (1) Eideard wrote: I realize that tradition in journalism requires headlines written by someone who may not have read the article at all; but, Reuters, after all, is speaking to folks on the Web who may have come to their site seeking accurate information – not sensationalist FoxNews-style crappola. The article is fine. More information about the continuing negotiations between the Brazilian government and FoxConn. The headline is absurd. May 06, 2011 1:30pm EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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