Foxconn?s $12bn Brazil Expansion Stalled In Negotiation Stage

Earlier this year it was reported that Foxconn had decided it was going to try to diversity its global holdings by establishing an iPad factory in Brazil. Their reasoning seemed fine: the economy is expanding, there's a tech-savvy populace, and the government, they figured, would be game for few little sweetheart deals to get the ball rolling. As it turns out, not so much. "The project for a Brazilian iPad is in doubt," said one Brazilian official, speaking on terms of anonymity to Reuters. Foxconn is "making crazy demands" and the Brazilian government appears to be unyielding on tax and funding.

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