Foxconn's Wisconsin Site Will No Longer Be a Factory for Smartphone Displays, Instead Focusing on R&D

Discussion in 'iOS Blog Discussion' started by MacRumors, Jan 30, 2019.

  1. Stoutman11 macrumors regular

    Joined:
    Aug 17, 2010
    #26
    Guys i hope you know the money Wisconsin pleged is directly tied to the number of jobs created.

    Everyone commenting here fails to see that. In 2018 they missed their hiring target thus no extra incentive. Wisconsin is protected with the way the deal is setup.
     
  2. NT1440 macrumors G4

    NT1440

    Joined:
    May 18, 2008
    #27
    It’s still essentially taxpayers subsidizing jobs for a private company, a practice I’ll never understand. Basically we bought private jobs.
     
  3. Gudi macrumors 68030

    Gudi

    Joined:
    May 3, 2013
    Location:
    Berlin, Berlin
    #28
    Except you didn’t. Turns out even with subsidies it’s not profitable to hire Americans to do Chinese jobs.
     
  4. NT1440 macrumors G4

    NT1440

    Joined:
    May 18, 2008
    #29
    Well duh, no amount of subsidies are going to end capital’s endless chase of the lowest possible wages.

    What do you mean we didn’t? They got like $2 billion in tax breaks for that facility, is that no longer the case?
     
  5. johannnn macrumors 65816

    johannnn

    Joined:
    Nov 20, 2009
    Location:
    Sweden
    #30
    I’m not as Chinese as you are then, but I have lived China and have a Chinese GF.
    I’m 100% sure the person I replied to isn’t talking about the suicide “shadow number”, but instead talking about the suicides reported in western media (https://en.m.wikipedia.org/wiki/Foxconn_suicides). And those reports clearly state what I said in my first post.
     
  6. jeyf macrumors 6502a

    Joined:
    Jan 20, 2009
    #31
    Clearly there is a "sweet number" a level of manufacturing employment that needs to happen but manufacturing jobs don't pay much back as into the local economy. Every American should have an engineering degree.
     
  7. Cayenne1 macrumors newbie

    Joined:
    Jun 21, 2016
    Location:
    Knoxville, TN
    #32
    Attracting businesses and jobs is a competitive undertaking between States and Municipalities. Just look at the hoopla over bidding for Amazon headquarters in Queens.

    The fact that Foxconn even planned to open a plant in Wisconsin surprised me. Many foreign companies locate in more tax and labor friendly areas of the U.S. But, it was most likely facilitated by Ryan and Walker over locating in the South or Southwest.

    Now that Wisconsin is drifting back to the left, Foxconn's changes to their plans is also not surprising. Like it or not the political environment impacts business decisions.

    So, where is Wisconsin going to get jobs for its population? I left there a number of years ago because of lack of engineering opportunity and high taxes.
     
  8. jeyf macrumors 6502a

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    Jan 20, 2009
    #33
    left or right politics is don't care for most corporations. The exception might be Hobby Lobby or a Colorado bakery.
     
  9. Gudi macrumors 68030

    Gudi

    Joined:
    May 3, 2013
    Location:
    Berlin, Berlin
    #34
    Maybe, but you no longer get the promised jobs. They literally say, don’t call it a factory.
     
  10. NT1440 macrumors G4

    NT1440

    Joined:
    May 18, 2008
    #35
    Oh I see, you’re pointing out that the “deal” is even worse than originally proposed, got it.

    I thought you were trying to phrase the deal as anything but a major giveaway to a foreign multinational corporation, my mistake.
     
  11. ersan191 macrumors 65816

    Joined:
    Oct 26, 2013
    #36
    It had to be located near the Great Lakes because they needed a massive water source for the glass cleaning process. Michigan lost the bid and Ohio (rightfully) thought the plan was ludicrous.
     
  12. kwikdeth macrumors 6502a

    Joined:
    Feb 25, 2003
    Location:
    Tempe, AZ
    #37
    Except that most Chicagoans wouldn't bother with that commute when they could get jobs just as good in the Chicago area. It's mostly gonna be folks from Milwuakee.
     
  13. mattster16 macrumors 6502a

    Joined:
    Apr 18, 2004
    #38
    Don't worry though, those in the Walker/Trump/GOP camp will blame Nancy Pelosi and then turn around vote for the next Walker/Trump/GOP candidate.
     
  14. Stoutman11 macrumors regular

    Joined:
    Aug 17, 2010
    #39
    Wisconsin isn’t subsidizing anything if they (foxconn) doesnt meet the new jobs requirement so wheres the risk? Foxconn is putting in a lot of money to get this building built. They will have a large initial investment in this.
     
  15. NT1440 macrumors G4

    NT1440

    Joined:
    May 18, 2008
    #40
    “It will take until at least 2043 for the state to recoup that lost tax revenue, according to Wisconsin's estimates”
    https://money.cnn.com/2018/06/28/technology/foxconn-wisconsin-plant/index.html


    Yea, where’s the risk that a proposal reliant on the whims of a multinational corporation won’t hold up their end of the bargain over a nearly 30 recoup window?
    I’m sure the state of Wisconsin has the funding to throw at a lawsuit against a giant conglomerate should things sour. Good guys and fully trustworthy these mega corporations are. /S
     
  16. applebreed macrumors member

    applebreed

    Joined:
    Oct 22, 2014
    Location:
    Chicago
    #41
    I know several people – most in the the north and northwestern suburbs – that work in WI. Also, there are several companies headquartered in Chicago area that have additional production facilities in southern WI.
     
  17. Stoutman11 macrumors regular

    Joined:
    Aug 17, 2010
    #42

    Wisconsin did not give Foxconn $3billion up front. They decided the money would come at certain key job creation numbers. If those numbers are not reached they wont get the $3billion.
     
  18. hagjohn macrumors 6502

    hagjohn

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    Aug 27, 2006
    Location:
    Pennsylvania
  19. crescentmoon macrumors member

    crescentmoon

    Joined:
    Feb 22, 2016
    Location:
    Denver
    #44
    The old bait and switch... the fox conned the state....LOL :p
     
  20. szw-mapple fan macrumors 65816

    szw-mapple fan

    Joined:
    Jul 28, 2012
    #45
    The company is based in Taipei, so it’s Taiwanese, at least from a purely business point of view.
     
  21. JPack macrumors 68040

    JPack

    Joined:
    Mar 27, 2017
    #46
    The U.S. doesn’t have a single LCD fab nor the related R&D or manufacturing experience. And people expected Foxconn to build a high tech LCD facility in the middle of nowhere? This whole thing was a PR campaign from day one.

    Even if this proposed Gen 6 fab got built, it would be desperately behind current Gen 10.5 fabs. Not to mention OLED.
     
  22. CrystalQuest76 Suspended

    Joined:
    Dec 14, 2015
    Location:
    West Cost A Lot
    #47
    The few will benefit and the majority will pay for it.
    --- Post Merged, Jan 30, 2019 ---
    Taxpayers have been forced to pay for the construction of massive and rarely used buildings for private companies for decades. NFL, NBA, NBL, etc... It has allowed the private company owners to pay their top tier employees millions and not pay a thing for the buildings, and pocket billions.
    What we are seeing with this news report is not different.
    --- Post Merged, Jan 30, 2019 ---
    Burger King is a Canadian company (and avoids paying american taxes) even though all their executives live and work in the United States.
     
  23. NT1440 macrumors G4

    NT1440

    Joined:
    May 18, 2008
    #48
    Yup, I’m not for a second trying to claim this kind of crap is new. This is how our system operates, it’s socialism for the rich almost exclusively.
     
  24. ssgbryan macrumors 6502a

    ssgbryan

    Joined:
    Jul 18, 2002
    #49
    Scott Walker (R), College dropout, Wis. Governor
     
  25. szw-mapple fan macrumors 65816

    szw-mapple fan

    Joined:
    Jul 28, 2012
    #50
    Different scenario. Foxconn was founded in Taiwan and the founder is Taiwanese. It has been in Taipei since the 1970s.
     

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