Apple's long-time manufacturing partner, Foxconn, is apparently planning to increase its investment in Brazilian factories. The iPhone and iPad assembler is said to be gearing up in anticipation of significant expansion of the tablet market, which almost all analysts are predicting.
As Apple Insider reports, Julio Semeghini, São Paulo's Secretary of Planning and Development of the State, let out the information that Foxconn will build five more plants in addition to the ones that are already planned.
Furthemore, the report suggests that the Foxconn factories will be prepared for notebook and general electronics production, as well as increasing iPad production capacity. It is said that Foxconn is receiving significant enticements from the Brazilian Government in the form of tax reductions and other perks.
"The new Inter-Ministerial Decree 34 specifically states that companies investing in the research and development of keyboardless touchscreen tablets weighing less than 750 grams qualify for IPI (Excise Tax), PIS (Social Contribution Tax) and COFINS (Federal Contribution Tax) incentives," Katie Marsal of Apple Insider explains.
Officials from Foxconn and the Brazilian government have to decide the location for the new facilities, and a meeting on this topic is set for after the Chinese New Year.