Haddad travels to California to seek investments in data centers

The new national plan to stimulate investments in data centers in Brazil will be the main theme of the trip of Finance Minister Fernando Haddad to California. The minister arrives on Saturday (3) in Los Angeles, where he will meet with representatives of Big Techs and participate in an economic forum.

Haddad will be in Los Angeles until Tuesday (6). On Wednesday (7), the minister will visit Mexico, where he will meet with Brazilians who work in the country and with Mexico’s Secretary of Finance and Public Credit, Edgar Amador Zamorra, who occupies a position equivalent to the Minister of Finance. In Mexico, the goal will be to deepen bilateral relations and align objectives to rethink globalization. The minister returns to Brasilia on Thursday (8).

Haddad’s first official commitment will take place on Sunday (4), in which the minister will participate in a private dinner with international investors offered by the Milken Institute, which promotes economic debates with global leaders. According to the Ministry of Finance, dinner will be dedicated to discussing the current economic situation of the United States.

On Monday (5), Haddad will participate in a panel of the Milken Institute. He will present an economic overview of Brazil to US entrepreneurs and economists in a private session. Then the minister will have a public meeting with the vice president of the Milken Institute, Laura Lacey.

According to the Ministry of Finance, in addition to listing the economic reforms of recent years, Haddad will present the Brazilian Agenda of Sustainable Globalization, which involves Brazil proposals in the G20 (group of the 19 largest economies on the planet, plus European Union and African Union), the Ecological Transformation Plan and the Mercosur – European Union agreement.

Big Techs

Still on Monday, Haddad will meet with representatives of three Big Techs (large technology companies). In the morning, the minister will talk to Google’s director-financial director Roth Poat in Los Angeles. Then the minister will board San José, near San Francisco, where he will meet in the afternoon with Nvidia’s executive president, Jensen Huang. The minister intends to end the day with a visit to the facilities of the processor company, video signs and artificial intelligence (AI).

On Tuesday (6) in the morning (local time), Haddad will have breakfast with about 40 executives and vice presidents of technology companies in Brazil and the United States, organized by the American Chamber of Commerce for Brazil (AMcham Brazil). It will then have bilateral meeting with Amazon executives.

According to the Ministry of Finance, the main theme of breakfast and meetings with Big Techs is Brazil’s new plan to attract investments in data centers. The government intends to send, in the coming weeks, a project to the National Congress that dishonest investments in capital goods linked to information technology goods for data centers.

The minister intends to present Brazil as a pole of sustainable infrastructure for the sector, because of the high proportion of renewable energy in the country’s energy matrix.

“We want to start publicizing the regulatory framework of the National Data Centers Plan. We are deficient in the scale of service. We hired 60% of our IT (Information Technology) abroad, which means not only dollar shipping out, but I believe that the release of this policy will make the investment improve a lot,” Haddad said last Monday (28) in Sao Paulo.

Mexico

Haddad’s arrival in Mexico is scheduled for Tuesday night (local time). On Wednesday (7) in the morning, the minister will have breakfast with Brazilians who work in Mexican companies or in Brazilian multinationals in Mexico. Still in the morning, the minister will meet with Mexico’s Secretary of Finance and Public Credit, Edgar Amador Zamorra.

According to the farm, commitments in Mexico aim to deepen bilateral relations. The guidance to discuss the challenges in common for globalization in both countries, the folder reported, was recently defined by President Luiz Inacio Lula da Silva and Mexican President Claudia Sheinbaum during the Latin American and Caribbean Community Conference (Celac) in Honduras.

Check out Haddad’s scheduled schedule (at local times):

3/5 (Saturday):

• 8:55 am – Arrival in Los Angeles
• 4/5 (Sunday):
• 20h – Private dinner with international investors, offered by the Milken Institute

5/5 (Monday):

• 9am to 9:30 am-Bilateral Meeting with Ruth Poat, Google Director (CFO)
• 10am to 10:30 am – Private Session on Global Investors Vision on Brazil at the Milken Institute
• 11:30 am to 11:50 am-Public Session “A conversation with the Minister of Finance of Brazil”, with the vice president of the Milken Institute, Laura Lacey
• 13h30 – Departure of Los Angeles
• 2:25 pm – Arrival at San José
• 15h to 15h30-Bilateral Meeting with Jensen Huang, NVIDIA President (CEO)
• 15h30 to 17h – Visit to NVIDIA facilities

6/5 (Tuesday):

• 9am to 10am – Roundtable organized by AMCHAM BRASIL
• 10:30 am to 11:15 am – Bilateral Meeting with Amazon Executives
• 17h – USA
• 9:55 pm – Arrival at Mexico City

7/5 (Wednesday):

• 9am to 10am – Breakfast with Brazilian economic actors in Mexico
• 11am to 12pm – Bilateral Meeting with Edgar Amador Zamorra, Secretary of Finance and Public Credit of Mexico
• 14h – Departure from Mexico City

8/5 (Thursday):

• 3h55 – Arrival in Brasilia