“Wisconsin Gov. Scott Walker defended Wednesday a $3 billion tax incentive package to lure Taiwan’s Foxconn Technology Group to the state, amid a growing chorus of concerns about the hefty bill to taxpayers,” Shayndi Raice reports for The Wall Street Journal. “‘We believe this is transformational,’ Mr. Walker said in an interview with The Wall Street Journal. ‘We think in terms of attracting talent across the country and around the world.'”
“In a White House ceremony last month, President Donald Trump announced that Foxconn would be investing $10 billion to build a 20 million-square-foot campus in southeastern Wisconsin that could employ up to 13,000 workers over a period of up to six years,” Raice reports. “The facility, which would build liquid-crystal display technology, or LCD, screens used for Apple Inc.’s iPhone, would be the first of its kind in North America.”
“Mr. Walker said the benefits of the deal went beyond the number of jobs that would be created from the facility itself,” Raice reports. “Instead, he said, the deal should be viewed as a way to make Wisconsin a hub for technology jobs and venture capital investment. He said as a “cutting-edge technology” firm, Foxconn would help the state attract young talent and retain its college graduates. He also thinks its most crucial benefit would be changing the popular image of Wisconsin and the benefits of living there.”
Read more in the full article here.
MacDailyNews Take: Of all of the reports we’ve seen, this one is the outlier in its claim that the plant will produce LCDs for iPhones. Most other reports state that the Foxconn plant would make LCD panels used in computer screens, televisions and the dashboards of cars. So, we’re not sure if this is merely an error by the WSJ reporter, conflating Foxconn with iPhone, or new information. We’ve contacted the reporter for clarification and will add any information we receive to this Take.
UPDATE: 11:22am EDT: The WSJ reporter, Shayndi Raice, has contacted MacDailyNews, explaining, “The line was meant to be implying that LCD screens are used in iPhones, not that the facility itself will build parts for iPhones. We realize it was misleading and are fixing it for clarification.”
We will add the WSJ‘s revision when it becomes available.
SEE ALSO:
Foxconn considering a second Wisconsin facility – August 3, 2017
Apple CEO Tim Cook dodges question of whether he promised President Trump three big, beautiful U.S. factories – August 2, 2017
President Trump announces Apple supplier Foxconn’s $10 billion investment in Wisconsin and up to 13,000 jobs – July 27, 2017
President Trump to announce Apple-supplier Foxconn manufacturing plant in Wisconsin today at 5pm EDT – July 26, 2017
President Trump says Apple CEO Tim Cook has promised 3 ‘big, beautiful’ manufacturing plants in the U.S. – July 25, 2017
China Premier Li visits Apple supplier Foxconn after CEO’s meeting with President Trump – May 10, 2017
Apple’s top manufacturing partner to meet with U.S. President Trump today – April 27, 2017
Apple supplier Sharp may begin building $7 billion U.S. plant in within months as Japan PM meets President Trump – February 8, 2017
Make America Insanely Great Again: Apple seeks to expand Made in USA manufacturing – January 9, 2017
Apple invests $1 billion in SoftBank’s massive tech fund; may help company get in President Trump’s good graces – January 4, 2017
Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal – December 6, 2016
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016
“Those jobs are never coming back.”
Steve Jobs never met Donald Trump.
These jobs are never coming back. That plant in Wisconsin is getting serious pushback from Republicans in the State Assembly over the cost in jobs and environmental waivers- and the deal is contingent upon approval by the Assembly and next year is an election year.
The only way a highly developed economy with first world wages can do manufacturing is by adding high value in the manufacturing process. Germany understands this with the mittelstand
The Wisconsin Foxconn plant WILL be built.
The Sovereignty Wall WILL be built.
ObamaScare WILL be repealed.
OMFG! What kind of Republican could possibly oppose this? All politics is local and maybe the cheeseheads are displaying some sort of NIMBYism.
The fools who oppose this are talking about how the state won’t recover their ‘investment’ in the project. What nonsense. The state isn’t investing a dime! They are only providing tax breaks to Foxconn. Foxconn is investing $10B, much of which will be infused directly into the local economy, and the the 13,000 employees will be paying taxes.
The only legitimate bone of contention I can see is that it would be unfair to give Foxconn tax breaks while all other local businesses have to pay taxes. But then again, I never believed in corporate taxes anyway since the reality is that there is no such thing as corporate taxes since individuals, not companies, ultimately pay taxes.
he’s just a small troll – quite lame at it really – = sad…
A tax break is an expenditure.
The kind of level headed politicians who know a million dollars per year power job is not a good deal. That’s who.
@botvirnnik – small sighted you R!
what a load of warped info floating around in your brain – its like watching a baboon try to cook a soufflé, fun at first but eventually sad…
With enough corporate welfare, of course the jobs can come back. Just put the tab on your kids’s tax account.
you’re an idiot.
“Steve Jobs never met Donald Trump”
Wow, you ARE drunk on the Trump Punch
Also,
“According to Trump he met Steve Jobs several times. He even used to tweet about Steve Jobs.”
https://www.quora.com/Did-Donald-Trump-and-Steve-Jobs-ever-meet
If this is a manufacturing plant, how much R&D will actually happen here. As a manufacturing facility, and a highly automated one at that, I would not expect a huge employment of extremely high cutting edge development people.
Your concern is warranted. But someone has to keep the ‘highly automated’ plant up-and-running.
The commitment is 13,000 Foxconn jobs and the governor has stated that the incentives are not payable until employees are hired. He is also reminding everyone of all of the indirect jobs like construction workers, suppliers, etc. necessary to keep a $10b plant/campus running every day.
Tim
Milwaukee, WI
“incentives are not payable until employees are hired.”
I HOPE this is true and that’s it’s ironclad. I’ve seen many cases where a company gets billions of dollars in tax breaks then shifts jobs overseas or to another state. Not wise from a decision making or negotiation perspective.
The report never says the plant would make iPhone displays but rather LCDs, like the ones used in iPhones, as a way to explain to the public what kind of displays they’ll make. It was a poor example for the journalist to use, but he never said the plant would make iPhones.
You, 9to5Mac and others are running with the story like it’s breaking news. It’s not and it’s just click bate.
Learn how to fucking read.
“The facility, which would build liquid-crystal display technology, or LCD, screens used for Apple Inc.’s iPhone, would be the first of its kind in North America.”
heh
It could actually be read either way, as specifically meaning LCD’s for iPhones or LCD’s used in things like iPhones.
Don’t be so hard on the beaver, Ward.
You also need to learn how to read. I apologize if English is not your native language, but the sentence as written cannot be “read either way.”
WSJ: “The facility, which would build liquid-crystal display technology, or LCD, screens used for Apple Inc.’s iPhone, would be the first of its kind in North America.”
To make it read the way you simpering apologists want to read it, it needs the following:
“The facility, which would build liquid-crystal display technology, or LCD, like the screens used for Apple Inc.’s iPhone, would be the first of its kind in North America.”
Even that is poorly written as it still implies that the plant will make iPhone displays.
The proper sentence would simply REPORT THE FUCKING ACTUAL FACTS, thusly:
“The facility, which would build liquid-crystal display technology (LCD) panels used in computer screens, televisions and the dashboards of cars, would be the first of its kind in North America.”
Additionally, as MDN reports in their 11:22am EDT UPDATE above, “The WSJ reporter, Shayndi Raice, has contacted MacDailyNews, explaining, ‘We realize it was misleading and are fixing it for clarification.'”
God, I hate fucking stupid people.
You my pathetic friend need to get a life. You are way too invested in being an asshole to lecture me.
Watch this. Fuque you.
And you actually do not know me.
Oh, I know more than enough about you from your stupid fucking posts: You’re a typical, knee-jerk liberal puss who cannot admit when they are fucking wrong. Ever.
all this from an anonymous coward. A pathetic, spiteful, hateful small penis loser. You do not know me but you just exposed yourself as the stupid ass coward that you are.
Just. shut. up.
XCon fell in to a burnin’ ring of fire,
He went down, down, down
…and the flames went higher…
and it burns, burns, burns
the ring of fire,
the ring of fire.
bwahahahahaha
so bottwipe decides to give the spiteful, petty little man a reach around?
sing along, XCon!
and it burns, burns, burns
the ring of fire,
the ring of fire.
bwahahahahahaha
I’m not sure what point this is supposed to make beyond proof that you are as pathetic as that angry little manchild.
Whatever floats your boat. I bet you only had to use your fingertips for that reach around with that tiny prick asshole.
you lose.
again.
Of course. You dig yourself a hole and bury yourself with that line. Why should I expect more.
Great song by the way. One of the few C&W songs I can stand. It’s on my iPod.
fascinating…god, you are a bore.
When my granddaughter gets bored, I tell her a story. Watch some cartoons.
Does little bottwipe need a story? Maybe watch some cartoons?
Something to stimulate his mind.
Riddle me this, tiny prick.
UPDATE: 11:22am EDT: The WSJ reporter, Shayndi Raice, has contacted MacDailyNews, explaining, “The line was meant to be implying that LCD screens are used in iPhones, not that the facility itself will build parts for iPhones. We realize it was misleading and are fixing it for clarification.
Doesn’t that support what I said?
No, the reporter admitting that what she wrote isn’t what she fucking tried to report because she cannot fucking write a coherent sentence does not support your latest Lib puss pile of bullshit, you imbecile.
Cannot. Admit. You’re. Wrong. Ever. – like every other typical Lib puss.
so the factory won’t be making LCD screens for iPhones?
You need to get a life or something. Counseling, grow up, something.
So, they make the screens/LCD’s here, then ship them to China for assembling before shipping them back here.
Well, it’s something. 🙂
WSJ misleading? So what’s new? Fake news at it’s finest.
Problem is that this colonialist company, Foxconn, exports all of its corporate profit back to Taiwan, thus net weakening the US economically.
Your pics look terrific !!!|