Reuters reports that Foxconn, the Taiwanese electronics giant that produces iPods, iPhones and iPads in China, is in ongoing talks to invest US $12 billion in building manufacturing facilities in Brazil.



From TUAW:

Dilma Rousseff, the Brazilian president, reportedly said that this is under consideration and has said that she considers tablet computing as a viable option to inexpensively bring the Internet to the lower-middle class of Brazil (around 80 million people). However a rough translation from Digital&Midia suggests that it's a done deal and that iPads would be coming out of Brazil at the end of November. That report should be taken with a large grain of salt... we don't have a Portuguese speaker in the house, unfortunately, so we'd welcome a more direct translation.

  iPads to be made in Brazil?