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mar 21, 2017

Apex-Brasil facilitates investments by two large companies

The Brazilian Trade and Investment Promotion Agency (Apex-Brasil) facilitated major investments in Brazil by two foreign companies. Qualcomm announced an investment of USD 200 million in the next four years to produce processors for connected devices in Brazil. The factory will be located in the Campinas, SP area and will employ 1,200 people. The Agency has been working with the company since 2011.

Qualcomm will manufacture multi-component semiconductors for use in smartphones and other applications, including devices with IoT (internet of things) capabilities. The term "internet of things" is used to describe the ability of a device to connect with different kinds of other devices, such as machines, cars, and appliances, among others. 

The other major investment is coming from SAP, one of the world leaders in integrated enterprise resource planning (ERP) software. The company already has operations in Brazil and will invest R$40 million to establish a research and development (R&D) center in São Leopoldo, Rio Grande do Sul. The company predicts that the center will employ 600 people. Apex-Brasil has been working with SAP to increase its R&D investments in Brazil since 2015. There were countless meetings, initiatives and information gathering activities leading up to the investment announcement. 

"These are investments in strategic areas that will allow us to manufacture products with higher added-value and bring more technology into the country. These investments also contribute to training a more qualified workforce and creating jobs," explains Maria Luisa Cravo Wittenberg, Investment Manager at Apex-Brasil. 

The memorandum of understanding entered into by SAP and the Brazilian government also aims to promote open innovation through investments in Brazilian startups. Apex-Brasil had been working with the company to develop both types of investments.