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Foxconn Says It Will Build Wisconsin Factory After All (cbsnews.com)
Citing a phone conversation with President Trump, Foxconn said it will proceed with plans to build a government-subsidized plant in Wisconsin to make liquid crystal display screens. The news capped a week of reversals about the Taiwanese company's plans in the state. CBS News reports: Foxconn drew headlines in 2017 when it said the company would invest $10 billion in Wisconsin and hire 13,000 people to build a factory to make screens for televisions and other devices. State leaders offered nearly $4 billion in tax incentives to help seal the deal. Last year Foxconn said it would reduce the scale of the factory from what is known as a "Gen 10" factory to "Gen 6". But this week, Foxconn executive Louis Woo seemed to move away from a factory altogether, saying the company couldn't compete in the TV screen market and would not be making LCD panels in Wisconsin.
On Friday, in yet another twist, Foxconn said that, after discussions with the White House and a personal conversation between Mr. Trump and Foxconn chairman Terry Gou, it will proceed with the smaller manufacturing facility. Woo told Reuters earlier this week that about three-quarters of workers in Wisconsin would be in research and development, not manufacturing, and that the facility would be more of a research hub. Foxconn, the world's largest electronics company, said Friday the campus would house both an advanced manufacturing facility and a center of "technology innovation for the region."
On Friday, in yet another twist, Foxconn said that, after discussions with the White House and a personal conversation between Mr. Trump and Foxconn chairman Terry Gou, it will proceed with the smaller manufacturing facility. Woo told Reuters earlier this week that about three-quarters of workers in Wisconsin would be in research and development, not manufacturing, and that the facility would be more of a research hub. Foxconn, the world's largest electronics company, said Friday the campus would house both an advanced manufacturing facility and a center of "technology innovation for the region."
Wisconsin?
Some form of high tech booze? Perhaps an autonomous glass, that keeps pouring it down you, after you (pass out/puke/piss yourself)?
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
I-94 to be tolled in 202x?
13,000 more minimum wage jobs... Just what WI needs.
Unless you got that shit in writing, you honestly expect a corporation to actually do what they promise?
If you are stupid enough to give away $4 billion in incentives without a fairly detailed agreement, you're too stupid to be in the position of offering $4 billion in incentives in the first place.
Surely they have a written agreement with penalties spelled out, right?
Or have they just played everyone?
reduce their tax credits by $500 Million.
Celebrated a little too soon, huh? Your President Trump wins again. Of course, it's a little questionable how happy you anti-American scum gets whenever billion dollar business deals get cancelled and thousands of Americans lose their jobs.
Suddenly Foxconn has determined it will be profitable to staff an Asian sweatshop with Americans? I don't think so.
Suck it, libs.
https://www.cnn.com/2019/01/31/business/electrolux-frigidaire-memphis-plant-manufacturing/index.html
So much fucking win I can't stand it!!!ONE!!!!121111
Fuck fuck fuckity fuck fuck all conservatives must fucking HANG
So, Foxconn says "hey, we can't really afford to manufacture in the US, so we'll just make it an R&D center instead, with MUCH MORE HIGHLY PAYING JOBS for engineers, scientists, and we'll do some low-level assembly too for the blue collar folks."
Which was, in all honesty, a MUCH better deal for Wisconsin.
And of course, Trump, not to be outdone in his quest to destroy America, swoops in and convinces them to do those high-paying engineering jobs somewhere else, and go back to the plan of dead end manufacturing jobs that will disappear the moment the tax abatements do.
Nice job you fucking cheeto-faced piece of shit.
They should nix Foxconn and just give the money directly to those a factory would create jobs for...
If the facility is never built, and no one is ever hired, how do you know who the hypothetical workers would have been?
Maybe they could just run a lottery, and give away tax dollars to random people. That would have the same overall effect.
Look at Foxconn's track record in other countries to see how this will all shake out in the end. They promise the world to get tax breaks and incentives and invariably scale back during the actual build and startup.
Right now there's a media firestorm and even Trump got dragged into it again so of course Foxconn can say they'll do the full factory to calm everything down, even though last week they were saying there's no profit to building LCD panels in the US. Talk. Is. Cheap. Let's wait and see what they actually end up doing. I bet it won't be anything close to what the talk promised. Just like in Brazil and Indonesia.
Right! Wisconsin people should learn to code and send those factory jobs overseas. Nobody should have a starter career.
Come get some, Nancy. I bet my Smith & Wesson .357 hits harder than your Dooney & Bourke purse.
Don't feed the NPC
i wonder how much the American people will have to pay this time to cover up Trump's embarrassing failure at deal-making?
but you nailed it.
What part of foxy and con does il Cheeto not understand. Probably all of it.
Some drink at the fountain of knowledge. Others just gargle.
Or you could work hard in school and learn useful skills. When people work shitty jobs, it almost always comes back to their terrible life choices. Am I supposed to feel bad for people who chose not to work hard?
but you nailed it.
They're just running out the Trump clock here...
What if I do not like the deal maker,oh well.
4 billion, divided by 13,000 employees is $307,692 per employee.
At $15/hr, that's 20,513 hours of wages
At 2080 work hrs per year that's a smidge under 10 years
So we're giving them tax breaks to make products and the tax breaks are as much as the factory would pay local labor over a 10 year period?
As Rick Sanchez might day: "That sounds like welfare but with extra steps"
Warning: Teh poster of this messaeg is lysdexic
I've made horrible life decisions. And I have a great job.
Har har har! You add no value or content and make no pint but NPC echo chamber likes!
Me like too because Orange Man Bad!!
Russian hate-troll pissing in the well? Or corporate Democrat who feels he is better than all his countrymen? Who can tell?!
The sort of people who get off on criticizing the "terrible life choices" of the less fortunate almost all have something in common: They are not too bright and not too hard working, but they made an excellent "life choice" when they choose rich parents.
It is based in Taiwan. Big difference.
Only if you sell access to this lottery for like a dollar each entry.
Oh wait, we already have that.
I feel like this sentiment is most strongly communicated by people who have only slightly better shitty jobs and project hostility towards people who don't see a slightly less shitty job as worth the effort. It's like they don't like their situation very much and are angry or jealous of people who won't accept the same crummy deal they got.
The angry blue collar worker pissed at his lazy kid who won't knuckle under and take the same blue collar job and future he accepted.
Many truly "good" jobs -- high wages, good working conditions, ample future growth opportunity -- either require skills or abilities that aren't universal, or are really the byproduct of a ton of luck, either in being born in the right place or being part of the right circles.
I don't think I could have become a surgeon no matter how hard I worked at it, for example, and I've certainly met IT people that were no smarter and less hard working than I was -- if they were, most of the time they wouldn't be paying me to do their projects.
They didn't say they'll build the factory after all, what they said was, "After Trump called us, we made a face-saving deal with him where we'll build a token R&D facility and we'll probably give his companies some kick-backs and he'll work to make us better able to exploit workers and the environment by curtailing regulations illegally." Trump is a criminal. The people should have his head on a pole before all is said and done. He is selling out America. You fools who support him are a bunch of cucks! Just like the cucks supporting the Dems and LGBTQFemi-Terrorists who are selling out YOUR country. You damn fools. Keep sucking his dick. Keep licking the assholes of power and your children and grandchildren will be sex-slaves to the Chinese, Middle Easterners, and Russians. You fucking worthless cowards. Keep on dick sucking. Faggots!
Please, you pussy republicans are scared of a few Mexicans. You actually think you'd be effective? You guys can't even send mail bombs properly for Christ sakes.
Orange man stupid!!!
"You say either and I say eyether
You say neither and I say nyther;
Either, eyether, neither, nyther
Let's call the whole thing off!
You like potato and I like potatoe
You like tomato and I like tomatoe;
Potato, potatoe, tomato, tomatoe!
Let's call the whole thing off!"
Apologies to George Gershwin, Ella Fitzgerald, Fred Astaire, and innumerable others.
Foxconn (con?) has a history of making grand job pronouncements only to later scale back of evaporate altogether. I'll believe that they'll build this LCD factory only when it is done and up and running. I feel bad for Wisconsin citizens, they were sold a bill of goods (jobs, prosperity) by corrupt politicians and greedy companies.
If Trump is involved, that's pretty much the Tell that this project is doomed. Trump announces victory and everything falls apart.
I mean, it might have been doomed all along; there have been questions about the size and appropriateness of the tax incentives right from the beginning. Trump is really just the icing on the cake.
Trump's Seal of Approval is more like the Gong of Doom.
"Bring out yer dead! Gong! Bring out yer dead! Gong!"
Speaking of investments, guys, can anyone help me to figure out a good p2p lending strategy? It's a new investment tool for me and it's always quite hard to figure things out at the very beginning?