Taiwanese technology companies New Kingpo Group and ADATA plan to raise investments in Brazil
Taiwan News
Date: 2017/03/22
By: Judy Lin, Taiwan News, Staff Reporter
TAIPEI (Taiwan News) — Despite a stagnant economic outlook, Brazil continues to
New Kingpo Group CEO Simon Shen (second left), President of ADATA Shalley Shen (front left), and government officials. (By Taiwan News)
attract investments from Taiwanese companies including New Kingpo Group (NKG) and ADATA Technology (ADATA), due to local government incentives that encourage companies to move manufacturing to the Latin American country.
In spite of the International Monetary Fund (IMF) slashing Brazil’s anticipated GDP growth to 0.2 percent for 2017 in January, Taiwanese companies’ outlook for the Brazilian information and communications technology (ICT) market remains positive.
“We expect ICT demand to remain strong in Brazil, especially among first-time buyers,” wrote Director of Calcomp Tarzan Lee in an email response. “There might be delayed replacement cycles for new products, but overall we uphold a positive long-term outlook for the local ICT industry.” [FULL STORY]
