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Foxconn once said it would spend $10B building a factory in Wisconsin. Now the claim is $672M -- over next six years: https://en.wikipedia.org/wiki/Foxconn_in_W
by shoyer 5y ago
Foxconn once said it would spend $10B building a factory in Wisconsin. Now the claim is $672M -- over next six years: https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin https://en.wikipedia.org/wiki/Foxconn_in_Wisconsin
We'll believe it when it happens.
- AlwaysRock 5y agoExactly. I'm less charitable because of Foxconn and how that story developed. Big companies promises tons of money and small/mid sized economies will give them huge tax cuts in exchange. In reality they build a much smaller plant and still take the tax cuts.
- Aperocky 5y agoIt's a race to the bottom, once an unspoken rule has been broken it will stay that way forever.
- munificent 5y agoI don't think you can generalize between these deals when: 1. The semiconductor companies on one side of the table are very different: Taiwanese company mostly employing in China versus a US company. National cultures around commitments and deals vary. 2. The politicians on the other side of the table are very different. Scott Walker and Donald Trump with the Wisconsin deal and Mike DeWine in Ohio.
- katbyte 5y agoNot sure Foxconn va intel is a great comparison.
- sidlls 5y agoAnyone who believes anything said by a company from that region with respect to investments in the western world was always in for a surprise. It’s best to assume they think we’re all fat, dumb, lazy, and easily duped, and assume they’ll act accordingly.