1y ago

Foxconn's promise to invest $10 billion in Wisconsin is now a distant memory | It's now selling two mostly empty buildings in the state.

www.engadget.com Foxconn's promise to invest $10 billion in Wisconsin is now a distant memory | Engadget

Foxconn is selling two buildings in Wisconsin, which have remained mostly empty since they were originally purchased for its plans to bring production to the US..

Foxconn's promise to invest $10 billion in Wisconsin is now a distant memory | It's now selling two mostly empty buildings in the state.::Foxconn is selling two buildings in Wisconsin, which have remained mostly empty since they were originally purchased for its plans to bring production to the US..

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1y ago

Foxconn's Promise to Invest $10B in Wisconsin Is Now a Distant Memory

www.engadget.com /foxconns-promise-to-invest-10-billion-in-wisconsin-is-now-a-distant-memory-090555405.html

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Did everyone here forget that covid started in 2020? This article tries to knock on foxconn by suggesting that their "market fluctuations" claim is an excuse... DURING PEAK COVID. I wonder why they couldnt hire more people or have more of their building occupied... must have been BLATANT CONSERVATIVE LIES
- Ohh I'm sorry I didn't realize that now that covid is over this multi billion company is coming back to fulfill it's promises. That's on me, I must have missed that part.
  
  Thats really bad faith, dont do that
  You are throwing the baby with the bath water. Almost every company had to reduce size, reduce occupancy and reduce output. Disregarding the impact of covid when that was a major reason for companies failing is disingenuous.
  
  This corrupt company worked with the corrupt republican governor to really hurt my state. They can get fucked and I have zero interest in giving them any benefit of the doubt nonsense. This was all planned.
- Yes COVID happened but this deal was always a sham. You just haven’t learned enough about it.
  
  Tell me how it was a sham, and tell me how covid had no effect on why
  Occupancy wasnt as great as they said it was given everyone was isolating and staying 6ft distance
  Supply chains were heavily backlogged due to companies not getting enough man power. My assumption is that given that foxconn is a materials manufacturer, their reduction in personnel heavily reduced their potential output.
  
  Dude supply chain issues are things like your washing machine is back ordered for two months. And they get better. This is billions of dollars in supposed investments that never showed a sign of arriving and still has not despite the pandemic abating.
  I can tell you’re feeling defensive but don’t let that stop you from just googling this topic and reading what you will easily find.
  
  For starters it was to build lcd screens. You know....those things that were already being replaced back before 2017 by oled.
  Before ground was broken the entire industry already knew LCD tvs and panels were being replaced, yet that's what the "state of the art" facility was going to be manufacturing.

24 comments