Paved down the middle, by a government that had no pride
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Foxconn is winding down its long con in Wisconsin.
Foxconn is selling off two of its large facilities in Wisconsin after years of neglected promises to bring thousands of jobs to Eau Claire and Green Bay. The Taiwanese manufacturing company has pivoted from one potential production idea to the next since it broke ground in 2017 and gave then-President Donald Trump an opportunity to take photos and claim he’s bringing jobs back to the United States.
What a comfort this must be to the people who lost their homes because of this bullshit.
Foxconn paid nearly $12 million to purchase both properties, the Green Bay Press-Gazette reported in 2018, and it promised to bring 13,000 high-tech jobs to its locations in Wisconsin, at first saying it would be an LCD factory before backtracking on the idea. Chief Executive Terry Gou, told Reuters in 2019 that it may not make sense to create an LCD factory in the U.S., saying it might be more suited to be built in Asia. “In terms of TV, we have no place in the U.S.,” he said at the time. “We can’t compete.” Instead, Woo told the outlet that Foxconn wanted to build a “technology hub” that would be the base for research facilities and packaging and assembly operations.
What’s next for the multi-billion dollar business that has to stop workers from committing suicide? Some other Midwestern state run by a Republican according to this Milwaukee Journal Sentinel article, which also provides a summary of Foxconn’s Wisconsin boondoggle. In 2021 Foxconn purchased the massive Lordstown GM plant in Ohio and things went exactly as you would expect.
U.S. electric truck manufacturer Lordstown Motors (RIDE.O) filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn (2354.TW).
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The automaker, named after the Ohio town where it is based, filed for Chapter 11 protection in a Delaware bankruptcy court. In the complaint, Lordstown accused Foxconn of fraudulent conduct and a series of broken promises in failing to abide by an agreement to invest up to $170 million in the electric-vehicle manufacturer.
At least they didn’t destroy entire neighborhoods that time. But I’m sure there’s a Republican governor somewhere who will knock down a veterans’ hospital or puppy orphanage for them.
People who post off-topic comments would pay to help Foxconn knock down a puppy orphanage.
