Foxconn Quitting China?

Foxconn has had problems in China. The Taiwanese compnay that does much work for Apple got a black eye when its Chinese workers were committing suicide at an incredible pace. It has been said that Apple has been pressuring them to stop assembly of some Apple products in the Chinese mainland and it appears as if Foxconn may be making such a move. In the two articles below we see that Foxconn has stopped plans to manufacture table computers in China’s Hunan province but are going deep with an invetment in Brazil. Could this be a sign of things to come for China?

chinadaily

SHANGHAI – Foxconn Technology Group, the world’s largest electronics contractor by revenue, has halted a plan to manufacture tablet computers in Hengyang in Central China’s Hunan province. That’s according to a statement from Foxconn’s parent company, the Taipei-based Hon Hai Precision Industry Co Ltd, to the Taiwan Stock Exchange on Tuesday.
The announcement came as Foxconn- the contract maker of Apple Inc iPhones and Hewlett-Packard Co computers – was reported by the Xiaoxiang Morning Herald to be planning to make its Hengyang tablet computer plant operational by the end of May. In the statement, Edmund Ding, a Foxconn spokesman, said that the company has terminated an investment proposal to manufacture children’s e-books and digital photo frames in Hengyang due to “subjective and objective environmental changes”, despite previous investigations into its feasibility.

form the Chinadaily

BEIJING – IPhone maker Foxconn Technology Group is considering investing $12 billion in Brazil, a move that may help Apple Inc and other tech companies expand in the world’s eighth-largest economy.