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Foreign Companies Announce US$ 200 million Investment in New Chip Factory in Brazil

02/06/2018 - 11h05

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TAÍS HIRATA
FROM SÃO PAULO

Two foreign companies have decided to bring production of a new type of chip to Brazil, that, if successful, will increase national competitiveness in the market for the internet of things.

Production, which is the result of a joint venture between American company Qualcomm and USI, a subsidiary of the Korean company ASE, will generate investment of US$ 200 million (around R$ 650 million) during the next five years.

Both the Federal Government as well as the Government of the State of São Paulo, where the headquarters of the new plant are to be located, will provide tax incentives in support of the project. The partnership was signed on Monday (the 5th).

BNDES' (Brazilian Development Bank) support had previously been announced last year but hasn't been confirmed yet.

The goal of the partnership is to develop a single chip, unprecedented in the global market, with the technological capacity of a board with 400 different operational components, according to Qualcomm's Global President, Cristiano Amon.

The chip, which is much more compact, would be more easily adaptable to different devices which could be much thinner or have more space for batteries, the executive declared.

The exact locale for the plant hasn't been defined. Only that it will be located in Campinas (SP).

Translated by LLOYD HARDER

Read the article in the original language

Pichi Chuang - 2.jun.15/Reuters
A shadow is cast near a Qualcomm logo
A shadow is cast near a Qualcomm logo

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