SAO PAULO, BRAZIL – Foxconn said it plans to build a touch-sensitive screen factory in Brazil, according to published reports.

Reports say the EMS firm plans to invest $2.5 billion in the project. The company did not disclose which city would host the plant, but says it will be in the Minas Gerais region.

A Brazilian consortium will reportedly hold a 60% stake, investing an undisclosed amount of money in the factory.

It is predicted Foxconn will invest a total of $12.5 billion in Brazil. The company currently has four factories there.

Foxconn will make products for Apple and other companies at the new factory, according to reports.

• Prev
• Next