Advanced Search

LatinNews Daily - 12 August 2019

In brief: Huawei to invest US$800m in 2nd Brazil factory

* The government of the Brazilian state of São Paulo has announced that Chinese telecommunications company Huawei will invest US$800m between 2020 and 2022 in the construction of a second factory in Brazil’s most populous state. São Paulo state governor João Doria reminded that Huawei already owns a factory in the city of Sorocaba, which employs 2,000 people directly and 15,000 indirectly. Huawei will also invest an undefined amount into technology and innovation research at the Instituto de Pesquisas Tecnológicas (IPT). These new investments were announced during Doria’s mission to China, during which he also confirmed the opening of a São Paulo trade office in Shanghai.