financetom
Business
financetom
/
Business
/
Huawei eyes data center investments in Brazil, says executive
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Huawei eyes data center investments in Brazil, says executive
Jul 9, 2025 12:44 PM

RIO DE JANEIRO (Reuters) -Chinese tech giant Huawei is interested in investing in Brazil's data center market but is waiting for a local government bill to finalize its strategy for the country, an executive told Reuters on Wednesday.

Citing Huawei's international experience in the data center sector, the executive emphasized that the advancement of artificial intelligence requires government incentives and support.

"We want the government to implement these incentives, which are good for the country, and the time is now. In the next two to three years," said Atilio Rulli, the company's vice president of public relations for Latin America and the Caribbean.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Match Group Appoints Steven Bailey as CFO
Match Group Appoints Steven Bailey as CFO
Oct 7, 2024
04:45 PM EDT, 10/07/2024 (MT Newswires) -- Match Group ( MTCH ) said Monday it promoted Steven Bailey to chief financial officer, starting March 1. Bailey succeeds Gary Swidler, who will continue as president, Match Group ( MTCH ) said. Bailey joined Match Group ( MTCH ) in 2012 and is currently the senior vice president of financial planning and...
RLI Expects Catastrophe Losses From Two Hurricanes in Q3
RLI Expects Catastrophe Losses From Two Hurricanes in Q3
Oct 7, 2024
05:09 PM EDT, 10/07/2024 (MT Newswires) -- RLI (RLI) said Monday it expects pretax net catastrophe losses from Hurricanes Beryl and Helene of $35 to $40 million in Q3. The range is net of reinsurance recoverables, the insurance provider said. It expects to release its Q3 results on Oct. 21. Price: 154.94, Change: +2.94, Percent Change: +1.93 ...
Market Chatter: Former Bank of Canada Official Sees Jumbo Rate Cut in October
Market Chatter: Former Bank of Canada Official Sees Jumbo Rate Cut in October
Oct 7, 2024
04:03 PM EDT, 10/07/2024 (MT Newswires) -- An ex-member of the Bank of Canada's governing body said officials should cut borrowing costs by half a percentage point later this month, Bloomberg News is reporting Monday. There are good reasons to move interest rates back to as close to neutral as quickly as possible, former Deputy Governor Paul Beaudry said, including...
Alvopetro Announces September Sales Volumes, Operational Update
Alvopetro Announces September Sales Volumes, Operational Update
Oct 7, 2024
05:18 PM EDT, 10/07/2024 (MT Newswires) -- Alvopetro Energy ( ALVOF ) after trade Monday detailed its September 2024 sales volumes and offered an operational update. September sales volumes averaged 1,963 barrels of oil equivalent per day, including natural gas sales of 11.2 million cubic feet per day, associated natural gas liquids sales from condensate of 87 bpd and oil...
Copyright 2023-2026 - www.financetom.com All Rights Reserved