Foxconn Tag Archive


  • Foxconn Factory In Wisconsin Is Another Bad Trump Deal

    Trump’s Wisconsin deal with Foxconn comes with an outrageously heavy price tag that will be paid for by Wisconsin taxpayers. If the deal goes through, a big if, Foxconn will receive $3...

    Huffington Post, 07/31/2017
  • MOEA Calls for More Investment From Foxconn in Taiwan

    The ROC Ministry of Economic Affairs (MOEA) said that cross-border corporate investment is the best business model, but it had also hoped that Taiwan would in some way remain beneficial from such...

    Taiwan News, 07/31/2017
  • This 1 Number Sums Up Why That Foxconn Deal Is Over-the-top Bad for Wisconsin

    Here are three reasons that Wisconsin taxpayers should question this deal. 1. Worldwide, Foxconn 2354, -0.55% sold about $136 billion in goods last year while employing 1.3 million workers. That translates into...

    Market Watch, 07/31/2017
  • Foxconn Claims It’ll Build a Factory in Wisconsin, but Don’t Hold Your Breath

    The company has previously signed letters guaranteeing it would bring factories to Vietnam, Indonesia, and Brazil. The result? Nothing happened. President Trump announced last week that Apple would move manufacturing back to...

    ExtremeTech, 07/31/2017
  • Scott Walker’s $3 Billion Fraud

    744 days later, sharing a stage with Donald Trump, the man who defeated him, Walker announced he was giving $3 billion in taxpayer money to a Taiwanese electronics manufacturer, Foxconn. The company...

    Think Progress, 07/31/2017
  • Scott Walker’s Foxconn Deal Waives All Environmental Regulations and Permits

    Environmental groups are among those with reasons not to like his plan. It would allow Foxconn, without permits, to discharge dredged materials, fill wetlands, change the course of streams, build artificial bodies...

    Wisconsin Gazette, 07/30/2017
  • Huge Per Job Subsidy in Foxconn Deal

    But the amount per job that Wisconsin is offering Foxconn dwarfs incentives given for large development projects in many other states, said Timothy Bartik, who has studied state tax incentives for three...

    Wisconsin State Journal, 07/30/2017
  • Foxconn’s $10bn Move to the US Is Not a Reason to Celebrate

    The touted average salary, plus benefits, was $53,000. The offices of the majority leader of the Wisconsin state senate and Walker did not respond to questions about what kinds of jobs these...

    The Guardian, 07/29/2017
  • Foxconn Announcement Brings Hope to Wisconsin, Northern Illinois

    Despite that — and the hefty tax incentives Foxconn will command — the company’s promise of thousands of jobs seems to have residents from Lake County north to Milwaukee brimming with optimism....

    Chicago Sun Times, 07/29/2017
  • Foxconn Announcement Brings Hope to Wisconsin, Northern Illinois

    State Rep. Sheri Jesiel, R-Winthrop Harbor, sees the potential Foxconn factory as providing job opportunities for those in Illinois, but with some downsides, too. Jesiel said there’s talk of ancillary businesses being...

    Chicago Sun Times, 07/29/2017
  • A Huge Government Giveaway in Wisconsin

    Wisconsin Gov. Scott Walker (R) and House Speaker Paul D. Ryan (R-Wis.) advertise themselves as small-government, free-market conservatives concerned about government waste. But, as the July 27 front-page article “Tech giant, courted...

    Washington Post, 07/28/2017
  • Foxconn News Gives Wisconsin Gov. Scott Walker a Major Political Boost

    Wisconsin Republican Gov. Scott Walker just got what may be the biggest political boost of his career, and it couldn’t have come at a much better time. President Donald Trump’s announcement Wednesday...

    St.Paul Pioneer Press, 07/28/2017
  • Foxconn to Build $10B Plant in Wisconsin Employing Up to 13,000

    The plant — announced Wednesday at a White House ceremony by President Donald Trump, Walker and others — could be the first of several facilities the company wants to build in the...

    Wisconsin State Journal, 07/27/2017
  • If I Didn’t Get Elected Foxconn Would Not Be Spending $10bn in the US’, Says Donald Trump

    Foxconn’s decision to pick Wisconsin as the location for such a major investment is particularly significant, as manufacturing jobs in the region have fallen by almost 25% since the turn of the...

    International Business Times, 07/27/2017
  • Here’s What’s Worrisome About Foxconn’s Plan to Build a Plant in the US

    First, Foxconn has a spotty track record of delivering on its promises. The company caused a lot of excitement about a revival of American manufacturing when it announced in 2013 that it...

    CNBC, 07/27/2017
  • Here’s How Much A Taiwanese Factory Will Cost Wisconsin Taxpayers

    Wisconsin offered at least $3 billion in subsidies to iPhone supplier Foxconn to entice the Taiwanese company to build a flat panel screen plant, the Milwaukee Journal Sentinel reports. Foxconn, which makes...

    The Daily Caller, 07/27/2017
  • America and the Foxconn Dream

    Wisconsin is about to shell out as much as $3 billion for the privilege of luring Foxconn Technology Group. At $519 per citizen, it would have been cheaper to buy an iPhone...

    Bloomberg, 07/27/2017
  • Here’s What’s Worrisome About Foxconn’s Plan to Build a Plant in the US

    But there is also potentially bad news. First, Foxconn has a spotty track record of delivering on its promises. The company caused a lot of excitement about a revival of American manufacturing...

    CNBC, 07/27/2017
  • If Foxconn Builds It, Will Workers Come? Wisconsin Bets Yes

    With U.S. unemployment near a 16-year low, it’s hard to imagine recruiting as many as 13,000 workers in any single area of the country would be easy. Wisconsinites say it can be...

    Bloomberg, 07/27/2017
  • Foxconn’s History of Broken Promises Casts a Shadow on Wisconsin News

    News that Foxconn is planning to build a plant in Wisconsin was announced to some fanfare late Wednesday by Gov. Scott Walker and President Donald Trump. Not everyone is cheering. … But...

    MarketWatch, 07/27/2017
  • Wisconsin’s Lavish Lure for Foxconn: $3 Billion in Tax Subsidies

    But the deal with Foxconn, the Taiwanese electronics supplier, comes with a heavy price tag for Wisconsin taxpayers: $3 billion in state tax credits that dwarf the typical incentive package companies receive...

    New York Times, 07/27/2017
  • Electronics-Maker Foxconn Plans Wisconsin Factory

    MARTIN: And in terms of the number of jobs – if this thing goes through – how many jobs it could actually create, there seems to be a discrepancy. The president spoke...

    NPR, 07/27/2017
  • Is Foxconn Getting Too Sweet A Deal In Wisconsin?

    But Foxconn has in the past made job promises that don’t materialize. It pledged hundreds of jobs and a high-tech factory in Pennsylvania in 2013, but the factory was never built. Einar...

    NPR, 07/27/2017
  • This Is How Wisconsin Lured Apple Supplier Foxconn to the US

    Apple supplier Foxconn announced plans to open a new production facility for LCD displays in Wisconsin yesterday. The company and the state of Wisconsin pointed out that the facility’s construction would support...

    The Verge, 07/27/2017
  • Is the Foxconn Deal A Big Win For President Trump?

    Contract manufacturer Foxconn boldly announced plans to build a TV panel factory somewhere in southern Wisconsin and to invest $10 billion in the effort. Foxconn’s leader Terry Gou met three times with...

    Fortune, 07/27/2017
  • The New Wisconsin Foxconn Plant Will Probably Be Staffed By Robots—if It Ever Gets Built

    Those robots are going to have to work somewhere, and they’ll most likely find a home at whatever new factories come to the country, even the new ones that Trump claims to...

    Slate, 07/27/2017
  • Foxconn Subsidies Could Mean Heavy Borrowing for Local Municipalities

    In a ceremony Thursday, Gov. Scott Walker signed a written commitment that the state would provide up to $3 billion in tax credits and other incentives if Foxconn Technology Group builds out...

    Milwaukee Journal Sentinel, 07/27/2017
  • Foxconn: World’s No. 1 Contract Electronics Maker

    HONG KONG — Taiwan-based contract manufacturer Foxconn Technology Group says it plans to build a $10 billion plant in Wisconsin to make liquid-crystal display panels, or LCDs. Little known to consumers, the...

    Washington Post, 07/27/2017
  • Foxconn Hands Gov. Scott Walker ‘grand Slam Home Run’

    Wisconsin Republican Gov. Scott Walker just got what may be the biggest political boost of his career, and it couldn’t have come at a much better time. President Donald Trump’s announcement Wednesday...

    WITI-TV, 07/27/2017
  • “Hope for the Best:” Some in Racine Co. Say Foxconn Plant Comes at Expense of Their Homes

    After months of speculation, the rumors were confirmed Wednesday, July 26th: Electronics maker Foxconn is coming to Wisconsin. The big news has drawn mixed reaction from residents in Racine County. For those...

    WITI-TV, 07/26/2017
  • Foxconn Announces New Factory in Wisconsin in Much-needed Win for Trump and Scott Walker

    The move by Foxconn to open its first major factory in the United States is a break with global manufacturing trends over the past 30 years. Foxconn builds electronic gadgets for nearly...

    Washington Post, 07/26/2017
  • Foxconn Unveils $10 Billion Investment in Wisconsin During White House Event

    Foxconn said the deal will create 3,000 jobs. Wisconsin Gov. Scott Walker said the agreement could eventually grow to 13,000 jobs, with 22,000 indirect and induced jobs and 10,000 construction jobs. Walker...

    CNBC, 07/26/2017
  • Foxconn Announces New Factory in Wisconsin in Much-needed Win for Trump and Scott Walker

    Walker, a Republican who is facing a difficult reelection next year, said the investment would create 13,000 jobs, with an average pay of $53,000 plus benefits. But the company said that it...

    Washington Post, 07/26/2017
  • Foxconn Says It Plans to Build Factory in Wisconsin, Adding 3,000 Jobs

    Foxconn, the Taiwanese electronics supplier for Apple and other tech giants, said Wednesday it would open its first major American factory in Wisconsin, a boost both for the battleground state’s economy and...

    New York Times, 07/26/2017
  • Wisconsin Vote on $3 Billion Foxconn Incentive Package Likely in August

    The unprecedented $3 billion incentive package Wisconsin used to woo Foxconn was well worth it and is likely to undergo a vote by the Wisconsin Legislature in August.

    Milwaukee Business Journal, 07/26/2017
  • Apple Supplier Foxconn Says It Will Build Big Wisconsin Factory

    The firm will invest $10 billion in Wisconsin to build a new manufacturing plant that produces LCD panels. The project will create 13,000 new jobs and should be completed by 2020, according...

    CNN Tech, 07/26/2017
  • Foxconn Could Be ‘game-changer’ for Wisconsin, Dane County but Questions Center on Workforce, Cost to Taxpayers

    But building a plant in the state also spurs questions about whether Wisconsin can supply the amount of workers Foxconn may need – and whether taxpayers can shoulder a cost to land...

    Wisconsin State Journal, 07/26/2017
  • Foxconn Zeroes in on Land South of Highway 20 in Racine County

    With anticipation rising that Taiwanese electronics manufacturer Foxconn will soon announce plans for its U.S. facilities, sources expect the open land south of Highway 20 in Racine County is the location.

    Milwaukee Business Journal, 07/25/2017
  • Wisconsin Democrats Cautious Amid News of Foxconn Plant

    Wisconsin Democrats say they welcome new jobs in the state, but they want to wait and see if Foxconn delivers before getting too excited about news the Taiwan company plans to build...

    The Morning Call, 07/25/2017
  • Politics Drive Foxconn’s U.S. Manufacturing Aspirations

    “If you look at the Foxconn plan and the states that they’re considering, it didn’t surprise me that so many of them happen to be swing states,” Caroline Freund, an economist at...

    Bloomberg Technology, 07/24/2017
  • Wooing Foxconn

    The company has a history of teasing communities without much follow-through, the Washington Post reported March 3.The article focused on Harrisburg, Pa., where Foxconn announced in 2013 it would build a $30...

    The Herald-Palladium, 07/22/2017
  • Wisconsin Working on Incentives to Lure Foxconn

    State officials and lawmakers are working on an incentive package to lure giant Taiwanese iPhone manufacturer Foxconn to Wisconsin. If lawmakers settle on an incentive package, it won’t be in the 2017-19...

    Wisconsin State Journal, 07/21/2017
  • Wisconsin Working on Incentives to Lure Foxconn to State

    Republican Senate Majority Leader Scott Fitzgerald told The Associated Press on Thursday that “huge, big numbers” are being talked about to help land Foxconn, but he had no direct knowledge of what...

    Associated Press, 07/20/2017
  • Foxconn Expects Staggering Government Incentive Package

    “They do this everywhere they go,” said Einar Tangen, a Beijing-based Chinese economic expert, echoing the views of many Asian experts. “They extract everything they can.” Before that, the US citizen was...

    The Gulf Today, 07/19/2017
  • Scott Walker Says Foxconn ‘bringing’ 13,000 Jobs to Wisconsin — What Exactly Does That Mean?

    The typically composed Republican governor seemed almost giddy when he joined President Donald Trump, Foxconn founder Terry Gou and other officials at the White House on July 26, 2017. … And in...

    PolitiFact, 07/01/2017
  • Foxconn Founder: U.S. Expansion Might Top $10 Billion

    The chairman of Taiwanese electronics giant Foxconnsaid Thursday it may spend more than $10 billion to set up manufacturing in the United States, and will announce investment plans by August for at...

    Associated Press, 06/22/2017
  • Kleefisch Says She Talked With Foxconn 2 Years Ago

    Lt. Gov. Rebecca Kleefisch told The Associated Press that she met with Foxconno fficials during a trade mission in 2015 that took her and other state economic development officials to Japan and...

    Associated Press, 06/19/2017
  • How Foxconn’s Broken Pledges in Pennsylvania Cast Doubt on Trump’s Jobs Plan

    In 2013, Foxconn’s chairman sent a jolt through this state capital when he said his company — best known for making Apple iPhones in China — would invest $30 million and hire...

    Washington Post, 03/03/2017