Cracks in the BRIC

BRIC is the acronym that stands for Brazil, Russia, India and China. Those four nations are seen as most significant of the emerging industrial economies.

They are also learning each other’s tricks — and fast.

China has long insisted that MNCs that want to win cash-rich contracts to build out that nation’s infrastructure come prepared to share that technology with its local contractors. Call it mandatory tech transfer.

Well, Brazil, it appears, is taking the same approach. The country, reports the Wall Street Journal, is holding back more than a billion dollars in financing until  Foxconn International Holdings agrees to bring its latest LCD technology to its planned factory in Minas Gerais.

All’s fair in love and trade, I suppose.

 

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About Mike

Mike Buetow is editor-in-chief of Circuits Assembly magazine, the leading publication for electronics manufacturing, and PCD&F, the leading publication for printed circuit design and fabrication. He is also vice president and editorial director of UP Media Group, for which he oversees all editorial and production aspects. He has more than 20 years' experience in the electronics industry, including six years at IPC, an electronics trade association, at which he was a technical projects manager and communications director. He has also held editorial positions at SMT Magazine, community newspapers and in book publishing. He is a graduate of the University of Illinois. Follow Mike on Twitter: @mikebuetow