Foxconn in Wisconsin: Will it ever happen?
Get caught on Foxconn's progress, or lack of it
Foxconn, a company that produces and assembles some of the world's most popular technological products, including the iPhone, announced in 2017 that it would be breaking the foundation of its first US plant. This deal became known as Fox on a napkin, the agreements of Foxconn chairman Terry Gou and former Wisconsin governor Scott Walker: Foxconn would receive a $ 3 billion state aid instead of investing $ 10 billion in an LCD plant that both It and Wisconsin hopes would create 13,000 jobs.
In 2018, the plan seemed to have drastically weakened, even though Wiccon's subsidy to Foxconn had already exceeded $ 4 billion. Foxconn still did not (and still did) not build the large factory where American workers were to produce 75-inch LCD panels for TVs. Instead, it reduced its strategy by committing to a smaller facility focusing on smaller LCD panels. Most stagnant 13,000 US jobs were to be filled with "knowledge workers" tasked with creating a mysterious, buzzword-laden ecosystem called "AI 8K + 5G."
Things haven't improved much since then. In early 2019, Foxconn stated that it was no longer building a factory. Then it claimed the factory was on the right track for completion, after a conversation with US President Donald Trump. Josh Dzieza, Verge's report editor, traveled to Wisconsin in April 2019 to check up on Foxconn's progress, or lack thereof.
Takeaway: Foxconn confuses hell out of Wisconsin. According to the report, "Wisconsin politicians deleted a huge amount of money on the company and rushed to acquire land and start building." The buildings may be empty, although Foxconn opposes this requirement. It claimed that our report contained "many inaccuracies", but after two weeks it has not yet followed up with corrections.
This story is probably far from over, and is also likely to be an important talk in leading up to the US presidential elections in 2020. We follow all the developments below, so stay up to date with this story for the latest news.