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Reuters | May 25, 2011 | Stuart Grudgings
(Reuters) – The prospect of a mammoth $12 billion investment by iPhone maker Foxconn Technology Group has sent Brazilian government officials scrambling to rethink the country’s industrial policy.
The aim is to nurture a high-tech industry that will slash Brazil’s costly dependence on tech imports and create a complete production chain inBrazil to feed rampant demand for products like smartphones and tablet computers.
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