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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."
13,000 more minimum wage jobs... Just what WI needs.
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.
reduce their tax credits by $500 Million.
I suspect it may related to the bigger Trump/China trade war. Appeasing him may just be the lesser cost of doing business. Trump doesn't necessarily care if problems are fixed, as long as he can say he fixed them, and the people he wanted to believe the bullshit believe it.
To an extent, this is what you get when you get a weak president like Trump with no morals. People and countries start figuring out how to play him, and America gets the bill. If you think about it. The wall is similar. It is spending a disproportionate amount of money to address a problem that isn't that bad in a fairly inefficient way. In short, when you elect a con man, you get variations on bridges to nowhere.
Of course in some way I think we ought to make the wall. Let it waste money. Let it be something seen from space to remind us for the next ten generations of the consequences of trusting a con man. That might be the key value of the wall. It should, if built, be sign of shame for our country. That we could come so far from the America the land of promise; the shining city on the hill; tear down that wall; to this is our shame.
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