Foxconn's Wisconsin 'Factory' Is An Even Bigger Joke Than Everybody Thought

Foxconn's Wisconsin 'Factory' Is An Even Bigger Joke Than Everybody Thought

5 years ago
Anonymous $fWzGa1uP8i

https://www.techdirt.com/articles/20190410/07015041968/foxconns-wisconsin-factory-is-even-bigger-joke-than-everybody-thought.shtml

We've been covering for a while how Paul Ryan's once-heralded Foxconn factory deal in Wisconsin quickly devolved into farce. The state originally promised Taiwan-based Foxconn a $3 billion state 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. They also highlighted how Foxconn was effectively just using nonsense to justify its failure to follow through, showing that 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 is effectively meaningless.

Foxconn's Wisconsin 'Factory' Is An Even Bigger Joke Than Everybody Thought

Apr 12, 2019, 2:31pm UTC
https://www.techdirt.com/articles/20190410/07015041968/foxconns-wisconsin-factory-is-even-bigger-joke-than-everybody-thought.shtml > We've been covering for a while how Paul Ryan's once-heralded Foxconn factory deal in Wisconsin quickly devolved into farce. The state originally promised Taiwan-based Foxconn a $3 billion state 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. They also highlighted how Foxconn was effectively just using nonsense to justify its failure to follow through, showing that 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 is effectively meaningless.