Foxconn may break promises to Wisconsin before they even break ground
"Foxconn has a history of breaking promises to communities...."
Foxconn chairman Terry Gou and Governor Scott Walker signing a memorandum of understanding. Photo from the State of Wisconsin.
MADISON — Today the Nikkei Asian Review reported breaking news that Foxconn may be backing away from its promised plans for investing in Wisconsin, despite Gov. Scott Walker agreeing to give around $4.5 billion from Wisconsin taxpayers to the foreign corporation. Republicans planned a groundbreaking with Foxconn next month on June 28.
Examples of Foxconn breaking its commitments in other communities are documented below.
“Foxconn has a history of breaking promises to communities, which Gov. Scott Walker ignored as he forced Wisconsin into a shady Foxconn deal at lightning speed” said Democratic Party of Wisconsin spokeswoman Melanie Conklin. “Today’s news is another cause for serious concerns for Wisconsin taxpayers who don’t want to give $4.5 billion to Foxconn. It appears Foxconn may break promises to Wisconsin before they even break ground in our state.”
From the Nikkei Asian Review:
“OSAKA/TAIPEI — Hon Hai Precision Industry, better known as Foxconn Technology Group, is considering producing small to medium-size displays for Apple, carmakers and others to lower initial costs at its $10 billion factory in the U.S. state of Wisconsin, people familiar with the matter said.
Foxconn’s shift to making diversifying displays for cars, personal computers, tablets, mobile devices, televisions and niche products is a change from its previous plan to churn out large panels, mainly for TVs, at the new plant. Large panel production would have required a more complete local supply chain and greater initial investment in equipment.
The change in Foxconn’s plans comes as global panel makers face a glut of TV displays that will likely last for years, as many Chinese companies, including BOE Technology Group, are aggressively adding capacity…”
“Foxconn did not immediately respond to the Nikkei Asian Review’s request for comment. The official event to break ground is scheduled to take place on June 28 with Foxconn’s Gou and President Trump likely to attend the event, multiple sources said.
“…Foxconn’s new facility would still aim to supply Apple’s iPhones, although it is uncertain the company will be able to secure orders from the U.S. gadget maker.”
“It is not clear whether the total planned investment of $10 billion in Wisconsin would change at a later stage.” Full article here.
A History of Foxconn’s Broken Promises
In 2011, Foxconn promised to invest “billions” of dollars to build a manufacturing hub in Brazil with the project expected to create upwards of 100,000 jobs. As of 2017, Foxconn employed less than 3,000 workers. Areas where factories were supposed to be built are abandoned. “They haven’t even expressed an interest in meeting us,” said a local mayor.
In 2013, Foxconn promised to invest $30 million in a new factory in Pennsylvania that would employ 500 workers. Five years later, there is no factory and no jobs. “It just seemed to fade to black,” a local Pennsylvania official recalled.
In 2014, Foxconn promised to invest $1 billion to expand operations in Indonesia. A year later, Foxconn backed out.
In 2015, Foxconn promised a $5 billion investment in a factory in India that would employ 50,000 workers. Now three years later after a “big-bang” announcement, an Indian state official said “the proposal is practically off.”
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
More about the Foxconn Facility
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- Biden Hails ‘Transformative’ Microsoft Project in Mount Pleasant - Sophie Bolich - May 8th, 2024
- Microsoft’s Wisconsin Data Center Now A $3.3 Billion Project - Jeramey Jannene - May 8th, 2024
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- Foxconn Will Get State Subsidy For 2022 - Joe Schulz - Dec 11th, 2023
- Mount Pleasant Approves Microsoft Deal on Foxconn Land - Evan Casey - Nov 28th, 2023
- Mount Pleasant Deal With Microsoft Has No Public Subsidies - Evan Casey - Nov 14th, 2023
- Microsoft, State Announce Massive Data Center Expansion, Land Purchase - Joe Schulz - Nov 11th, 2023
- Gov. Evers Announces Microsoft Makes Major Investment in Wisconsin - Gov. Tony Evers - Nov 10th, 2023
- State Can’t Regulate We Energies $100 Million Project for Microsoft - Joe Schulz - Sep 20th, 2023
Read more about Foxconn Facility here
Mentioned in This Press Release
Recent Press Releases by Democratic Party of Wisconsin
Only a college dropout governor who has never held a real job in the real world would have fallen for the Foxconn scam. The Chinese company promises a gigantic plant in order to get a governor desperate for reelection to commit to a really bad deal for Wisconsin. Ultimately, due to the glut of large screen displays, this will be an assembly plant for small components primarily manufactured in china at a cheaper cost there than here. Meanwhile our roads and bridges approach becoming the worst in the nation.
Doesnt the name “fox-conn” say it all?