Investments in factories in Brazil that produce touchscreen devices should surpass US$4bn, local science and technology minister Aloizio Mercadante was quoted as saying by state news agency Agência Brasil.
According to Mercadante, the most likely candidates for these investments are the states of São Paulo, Minas Gerais, Rio de Janeiro, Rio Grande do Sul, Pernambuco, and Paraná.
Brazilian governors have received a list of requirements from Korean businessmen interested in setting up touchscreen factories in the country. Among these are the assurance of power supply, logistics infrastructure and security.
National development bank BNDES is also participating in the negotiations.
Foxconn, a Taiwanese manufacturer of Apple products, is currently in negotiations to invest in Brazil. The company is planning to build a touchscreen factory that, when finished, will be the first of its kind outside of Asia.