Qualcomm, ASE Group and Brazil government plan semiconductor factory

Qualcomm, ASE Group and the Brazilian government signed a memorandum of understanding to form a joint venture to build a high-capacity semiconductor factory in Brazil, with a planned investment of US$200 million.

“The planned investment is US$200 million, with funding coming from the U.S. company, the Chinese company, the Brazilian Development Bank (BNDES), and the São Paulo state government.”tiinside.com.br

• 2 sources
• tiinside.com.brGovernment prepares joint venture with Qualcomm and ASE Group to set up chip factory | TI INSIDE OnlineLúcia BerbertMar 9, 2017
• bnamericas.comQualcomm, ASE to build US$200mn Brazilian chipset factory - BNamericasMar 10, 2017

Summarized from public sources; check the original articles before acting on it.