14-Aug-19, Asia Times
Chinese tech giant Huawei will invest US$800 million in a new factory in Sao Paolo, Brazil as it doubles down on efforts in Latin America to compensate for being excluded from the US market.
Asia%20Times.png "Huawei to invest USD800 mn in Brazilian factory(c)Asia Times")
Image: Asia Times
The Chinese communications technology titan already has roots in Brazil: It has operated in the country for over 20 years and employs 2,000 workers at a networking-equipment manufacturing plant in São Paulo. The news comes amid continued threats of bans that would block US companies from conducting business with Huawei.