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Foxconn could spend $12B on Brazilian move

4/13/2011 10:16 AM EDT
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caiogubel
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re: Foxconn could spend $12B on Brazilian move
caiogubel   4/14/2011 1:34:05 AM
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I very much doubt Brazil will be cheaper then China. The taxes and labor laws there are tighter then China. I believe this has other motivations....my two cents as I was born in Brazil

eewiz
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re: Foxconn could spend $12B on Brazilian move
eewiz   4/13/2011 2:59:44 PM
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After the suicides, the Chinese government tightened the laws to prevent exploiting poor workers. Foxconn's margins are like 1% or so. They have no choice but to look for new place for keeping the costs low.

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