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Drudge Retort: The Other Side of the News
Wednesday, April 21, 2021

Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called "the eighth wonder of the world."

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"The Foxconn-Wisconsin deal was first announced to great fanfare at the White House in July 2017, with Trump boasting of it as an example of how his "America first" agenda could revive U.S. tech manufacturing."

"As of 2019, the village where the plant is located had paid just over $152 million for 132 properties to make way for Foxconn, plus $7.9 million in relocation costs, according to village records obtained by Wisconsin Public Radio and analyzed by Wisconsin Watch."

#1 | Posted by AMERICANUNITY at 2021-04-21 05:48 AM | Reply

So much winning.

#2 | Posted by Nixon at 2021-04-21 08:09 AM | Reply

This old chestnut again?

#3 | Posted by Twinpac at 2021-04-21 08:12 AM | Reply

That's a big parking lot for 5 vehicles.

#4 | Posted by REDIAL at 2021-04-21 09:46 AM | Reply

@#3 ... This old chestnut again? ...

It seems that Foxconn is back.

Trying to scam Wisconsin again?

If so, this time I doubt if they will have the assistance of the Office of the President to help them.

#5 | Posted by LampLighter at 2021-04-21 10:13 AM | Reply

Trump must find this traumatic.

#6 | Posted by Zed at 2021-04-21 10:30 AM | Reply | Funny: 3

Another view...

Foxconn's showcase Wisconsin LCD factory becomes aspirational 'manufacturing ecosystem.'
$10bn investment now $672m, jobs promised now 1,454 instead of 13,000.
www.theregister.com

...Details of the agreement reached between Foxconn and Wisconsin Economic Development Corporation (WEDC) were confirmed yesterday by Governor Tony Evers.

.@GovEvers today announced a renegotiated contract with #Foxconn will save #Wisconsin #taxpayers more than $2.77 BILLION, protect state and local investments in the project, and give the company the ability to respond to market need. More: t.co
" WEDCNews (@WEDCNews) April 20, 2021

Foxconn's $10bn investment for the development of Donald Trump's favorite non-functioning LCD factory has been reduced to $672m.

Also, it's not an LCD factory anymore. The project scope now includes "economic investment activities related to locating and operating a technology and manufacturing ecosystem." Details of what the "ecosystem" entails were not shared....


#7 | Posted by LampLighter at 2021-04-21 10:53 AM | Reply

If so, this time I doubt if they will have the assistance of the Office of the President to help them.
#5 | POSTED BY LAMPLIGHTER AT 2021-04-21 10:13 AM | FLAG:

Have you read the infrastructure bill? They're repositioning to vacuum up money for the billions about to be shoveled into US chip manufacturing.

#8 | Posted by sitzkrieg at 2021-04-21 11:37 AM | Reply

Apple is having chip shortages from Foxconn, at the same time tech moguls are pushing for US chip making government investment, while Biden is looking for industries to make it rain on.

#9 | Posted by sitzkrieg at 2021-04-21 11:38 AM | Reply

@#8 ... Have you read the infrastructure bill? ...

A bill passed by Congress is quite different than a President personally promoting a con job as the "eighth wonder of the world."

But to your point, yes, it does look as if Foxconn is once again trying a scam.

#10 | Posted by LampLighter at 2021-04-21 12:04 PM | Reply

Trumps idiots were so excited about this scam.

#11 | Posted by Tor at 2021-04-21 12:32 PM | Reply

Trumpers will say that if Donald was reelected he would have "fixed" the deal.

#12 | Posted by Whatsleft at 2021-04-21 12:45 PM | Reply

A bill passed by Congress is quite different than a President personally promoting a con job as the "eighth wonder of the world."
But to your point, yes, it does look as if Foxconn is once again trying a scam.

#10 | POSTED BY LAMPLIGHTER AT 2021-04-21 12:04 PM | FLAG:

If by some miracle it turned out some chips, I'd wager on Biden paying a visit and promoting it, but without the extreme -------- of Trump.

#13 | Posted by sitzkrieg at 2021-04-21 12:57 PM | Reply

@#13

Yup.

#14 | Posted by LampLighter at 2021-04-21 01:15 PM | Reply

at the same time tech moguls are pushing for US chip making government investment

All the Trump Chy-Nuh business aside, it's quite clear there are multiple industries in which out reliance on China represents a national security issue.

And I'm sure that somebody in the know could produce a list far far longer than the two or three I can think of.

#15 | Posted by jpw at 2021-04-21 01:20 PM | Reply

@#15 ... And I'm sure that somebody in the know could produce a list far far longer than the two or three I can think of. ...

Here's a start...

DOD Releases List of Additional Companies, In Accordance with Section 1237 of FY99 NDAA
www.defense.gov

...Today, the Department of Defense released the names of additional "Communist Chinese military companies" operating directly or indirectly in the United States in accordance with the statutory requirement of Section 1237 of the National Defense Authorization Act for Fiscal Year 1999, as amended.

The Department is determined to highlight and counter the People's Republic of China's (PRC) Military-Civil Fusion development strategy, which supports the modernization goals of the People's Liberation Army (PLA) by ensuring its access to advanced technologies and expertise acquired and developed by even those PRC companies, universities, and research programs that appear to be civilian entities.

The Department released its initial list of companies to Congress in June 2020 and will continue to update the list with additional entities as appropriate....


#16 | Posted by LampLighter at 2021-04-21 01:39 PM | Reply

The "Art of the Deal" Part-2

#17 | Posted by Yodagirl at 2021-04-21 02:40 PM | Reply

All the Trump Chy-Nuh business aside, it's quite clear there are multiple industries in which out reliance on China represents a national security issue.
And I'm sure that somebody in the know could produce a list far far longer than the two or three I can think of.

#15 | POSTED BY JPW AT 2021-04-21 01:20 PM | FLAG:

Ahh, it's come up in the other thread about this. It's not chips, even though that would be logical for a chip company...

Foxconn is exploring electric vehicle production at the factory. Also heavily subsidized in the infrastructure bill. They'll be producing vehicles for Fisker.

#18 | Posted by sitzkrieg at 2021-04-22 10:37 AM | Reply

Ahh, found it, there's $174 billion in various EV funding in Biden's wish list. It causes an explosion in the panderbear population.

#19 | Posted by sitzkrieg at 2021-04-22 10:42 AM | Reply

BTW, Foxconn is a Taiwanese company, not PRC.

#20 | Posted by AMERICANUNITY at 2021-04-22 11:23 AM | Reply

but...

"Taiwanese contract manufacturer is set to break ground in 2020 on a $9 billion 300mm chip fab in the city of Zhuhai in southern China, according to a report."

In case of war, it's China's chip manufacturing plant, not Taiwans.

#21 | Posted by sitzkrieg at 2021-04-22 12:38 PM | Reply

In case of war, it's China's chip manufacturing plant, not Taiwans.

#21 | POSTED BY SITZKRIEG AT 2021-04-22 12:38 PM | FLAG:

Bingo!

#22 | Posted by BellRinger at 2021-04-22 09:09 PM | Reply

Libruls love their cheap, polluting ----, big nasty and unstoppable...

#23 | Posted by BellRinger at 2021-04-22 09:10 PM | Reply

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