Foxconn's Promise to Invest $10B in Wisconsin Is Now a Distant Memory
Foxconn's Promise to Invest $10B in Wisconsin Is Now a Distant Memory
Foxconn is selling two buildings in Wisconsin, which have remained mostly empty since they were originally purchased for its plans to bring production to the US..
There is a discussion on Hacker News, but feel free to comment here as well.
This is the best summary I could come up with:
When Foxconn announced its plans to open facilities in Wisconsin back in 2017, it promised to invest $10 billion into bringing production to the US that was expected to lead to as many as 13,000 jobs.
Now, the Taiwanese supplier to tech giants like Apple is selling two properties in Eau Claire and Green Bay, purchased for almost $12 million in 2018.
Meanwhile, the portion Foxconn owns in a mixed-use property in Eau Claire has reportedly remained empty for years.
In 2021, however, Foxconn massively altered the scale of the project and told the local government that it would be investing $672 million instead of $10 billion like it intended.
Foxconn didn't comment on its Eau Claire property, but it told WPR that it "will add to the vibrancy of the city's downtown."
Green Bay Mayor Eric Genrich posted on X that he hopes a sale "will lead to better utilization of a fantastic waterfront building."
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A number of people were displaced for this. https://www.theguardian.com/us-news/2020/dec/08/wisconsin-foxconn-factory-residents-displaced
fuck Scott Walker
Even the people who made the deal knew it was bullshit from the get-go