China’s Huawei To Invest $800 Million In New Brazil Factory Amid 5G Push

www.oann.com | 8/2/2019 | Staff
Goobee (Posted by) Level 4
SAO PAULO (Reuters) – Huawei Technologies Co Ltd plans to build an $800 million plant in Brazil’s Sao Paulo state over the next three years, the governor said, as the Chinese telecom giant ramps up its presence in Latin America despite U.S. objections.

In an audio recording of a press conference in China on Friday, Sao Paulo Governor João Doria, accompanied by Huawei executives, said the company was gearing up to build the plant to respond to expected demand following Brazil’s first 5G spectrum auction, scheduled for March 2020.

Huawei - Factory - Sao - Paulo - People

Huawei already has one factory in Sao Paulo, which employs 2,000 people directly. Huawei will decide on the location of the next factory in the coming months and expects to invest the $800 million over a three-year period after the 5G auction is completed, the governor added in a statement.

It was not immediately clear whether the factory will be exclusively dedicated to 5G technology, according to two sources with knowledge of Huawei’s plans.

April - Reuters - Company - Attempt - Smartphone

In April, Reuters reported that the Chinese company was making a second attempt at cracking the Brazilian smartphone market with the launch of two high-end handsets and hiring people locally to manage the business.

Initially, handsets would be imported from China, but the world’s third-largest smartphone manufacturer was...
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