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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.
Codrut Nistor,
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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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Codrut Nistor
Codrut Nistor - Senior Tech Writer - 5414 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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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)