Wisconsin Gets Wise To Foxconn's Grift, Blocks New Subsidies

Wisconsin Gets Wise To Foxconn's Grift, Blocks New Subsidies

4 years ago
Anonymous $RGO3jP_V_c

https://www.techdirt.com/articles/20201013/06253345487/wisconsin-gets-wise-to-foxconns-grift-blocks-new-subsidies.shtml

You might recall how Donald Trump and Paul Ryan's once-heralded Foxconn factory deal in Wisconsin quickly devolved into farce. The state originally promised Taiwan-based Foxconn a $3 billion subsidy if the company invested $10 billion in a Wisconsin LCD panel plant that created 13,000 jobs. But as the subsidy grew the promised factory began to shrink further and further, to the point where nobody at this point is certain that anything meaningful is going to get built at all.

Last October, reports emerged clearly illustrating the ever-shrinking nature of the deal and the way Foxconn was just using nonsense to justify its failure to follow through. While the company hadn't built much of anything meaningful in the state, it was still routinely promising to deploy a "AI 8K+5G ecosystem" in the state to somehow make everything better. Shockingly, that mish-mash of buzz words wound up being effectively meaningless.