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March 2028 is a long time away from now. Plenty of time for political haymaking before reality sets in. In 2017, Foxconn said they would move some production t
by rchaud 2y ago
March 2028 is a long time away from now. Plenty of time for political haymaking before reality sets in.
In 2017, Foxconn said they would move some production to Wisconsin, and that was enough to pick up $3bn in state tax breaks. 13,000 jobs turned into less than 1,000, and absolutely no hardware was produced. Some of the industrial properties ended up being sold to Microsoft.
https://www.jsonline.com/story/money/business/2023/11/10/what-happened-to-foxconn-in-wisconsin-a-timeline/71535498007/ https://www.jsonline.com/story/money/business/2023/11/10/wha...
- thenthenthen 2y agoThe link you shared gives me a white page. Very interested to read it, since I live 10min walk from Foxconn in Shenzhen and absolutely interested in the history.
- rayiner 2y agoThe Foxxconn experience illustrates how we got here and why people are fed up with incremental carrots and are clamoring for the stick.
- alephnerd 2y agoWe gave the carrot already thanks to the IRA and CHIPS act, and it's paid off. Honda wouldn't be considering expanding it's US manufacturing presence without the billions in IRA subsidizes given to Honda to help their EV transition (eg. moving the Honda Accord supply chain to Ohio in 2023-24) But now is the time for the stick as well, otherwise all the subsidizes spent on IRA would be wasted by parts co-mingling, transshipment, and other loopholes.