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Foxconn plans to leave Brazil

Foxconn factory in Shenzhen, Foxconn to shut down factory in Brazil
Foxconn factory in Shenzhen
Although the company pledged to invest $12 billion in Brazil and to create no less than 100,000 local jobs back in 2011, they failed to succeed in doing so. Now, insiders claim that Foxconn plans to stop its manufacturing activities in the country as well.

Back in 2011, Foxconn promised to create 100,000 jobs in Brazil within six years, also pledging to invest no less than $12 billion in the country. However, the company also required 30 percent of that sum from the Brazilian government, and to bring in a private investor as well. Sadly, both failed to materialize, and now Foxconn is close to shutting down its manufacturing facilities in Brazil for good.

According to the local press, the facility located in Jundiai is shutting down, and the machinery is being deactivated and sold. Another Foxconn facility in the area is already empty, and it seems that Foxconn will only keep a small set-up for parts replacement and maintenance.

When contacted by ZDNet, Foxconn declined to comment. However, insiders familiar with the matter confirmed that Foxconn is getting ready to shut down all its manufacturing operations in Brazil. On the other hand, they told the local press they have no plans to downsize.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 06 > Foxconn plans to leave Brazil
Codrut Nistor, 2017-06-22 (Update: 2017-06-22)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.