FoxConn to Move to Wisconsin

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PJFrylar

Senior member
Apr 17, 2016
974
617
136
To be fair, a lot of Wisconsinites have hated this Foxconn deal from the start... It was never a good deal to start off with and just gets worse.
 
Reactions: Homerboy

SlowSpyder

Lifer
Jan 12, 2005
17,305
1,001
126
I must say that I for one am glad that slowspyder posts here. His posts allow me to see just what right wing nuts are thinking without having to visit a single right wing website.

I'm not following this thread but I find it amazing that Republicans have now resorted to trumps primary political tactic and to outright lie and I'm not talking about things like crowd sizes or how "awesome" the tax cuts have been and how "great" the economy is doing because of trump. They are outright lying about their actual voting records and actually running ads where they stare into the camera and lie about their voting record, specifically with regards to voting to get rid mandatory coverage for pre existing conditions and cutting government provided health care (Medicare, Medicade, and even social security).

I wish I could say that if they win their races I would be shocked but honestly I won't be.


So basically you don't do any research, you rely on a poster in AT P&N to get the full picture of what's going on in the world around you. I think I've spotted your problem...
 

senseamp

Lifer
Feb 5, 2006
35,787
6,195
126
So basically you don't do any research, you rely on a poster in AT P&N to get the full picture of what's going on in the world around you. I think I've spotted your problem...
Do you want your state to give a few billion to Chinese companies too? Vote Republican and make it happen.
 

PJFrylar

Senior member
Apr 17, 2016
974
617
136
Let's see how they react at the polls.

I'm hopeful that Walker will lose. My parents that were staunch conservatives hate Walker, Trump, and the Foxconn deal. Other people such as my uncle ... not as much.
 

Homerboy

Lifer
Mar 1, 2000
30,856
4,974
126
That's what you get for voting Republican. No federal bailout for Wisconsin. Let their idiot taxpayers eat those billions by themselves.
Let's see how they react at the polls.

I never voted for Walker once. I always boo'ed him as he walked by my house in the yearly 4th of July parade (same with Sheriff Clarke). I didn't ask for this FoxCon crap.Too many rural areas up north and out west love Scooter. He better not win today...
 
Feb 4, 2009
34,699
15,940
136
Someone please mark this thread for follow up for 12 months from now then 24 months.

Don’t ask me I’ve got peace in the Middle East on my list
 

senseamp

Lifer
Feb 5, 2006
35,787
6,195
126
I never voted for Walker once. I always boo'ed him as he walked by my house in the yearly 4th of July parade (same with Sheriff Clarke). I didn't ask for this FoxCon crap.Too many rural areas up north and out west love Scooter. He better not win today...
Congrats. Hopefully new leadership serves your state better, the bar is pretty low
Here is a hint for Wisconsin, if you want tech jobs, invest in your universities, then tech companies will come to you and pay hundreds of thousands instead of the other way around. For the money that was wasted on Foxconn, UW could have built several hundred best funded in the world research labs. Silicon Valley is out of room and is spreading talent to other tech hubs, and Wisconsin is not fully capitalizing.
 
Reactions: Bitek

ivwshane

Lifer
May 15, 2000
32,318
15,116
136
So basically you don't do any research, you rely on a poster in AT P&N to get the full picture of what's going on in the world around you. I think I've spotted your problem...

Research? You mean I don't go to bullshit websites who peddle in fake news? Yeah I don't do that and as I said I don't need to, I've got you to regurgitate all the bullshit they are spewing.

However, when it comes to researching actual facts, I like to use a myriad of websites with a history of credibility and accuracy. You should try it sometime, if you didn't you'd probably stop coming off as a troll and a brainless parrot
 
Reactions: nickqt

ch33zw1z

Lifer
Nov 4, 2004
37,964
18,279
146
Research? You mean I don't go to bullshit websites who peddle in fake news? Yeah I don't do that and as I said I don't need to, I've got you to regurgitate all the bullshit they are spewing.

However, when it comes to researching actual facts, I like to use a myriad of websites with a history of credibility and accuracy. You should try it sometime, if you didn't you'd probably stop coming off as a troll and a brainless parrot

You're such a smug libtard, your tears can heal the sick and quench the thirst of millions
 

Homerboy

Lifer
Mar 1, 2000
30,856
4,974
126
More good news! While it doesn't pertain to the WI location specifically, it doesn't bode well for the company as as whole.

https://www.jsonline.com/story/mone...xkx6hjugn3EF1cx5lVqN4biCPEf2a2rgeAjb_T_X-9PaU

Foxconn Technology Group, which has begun work on a planned $10 billion manufacturing and research complex in Wisconsin, is looking to slash its corporate expenses in 2019, the news organization Bloomberg reported Wednesday.

Citing an internal company memo, Bloomberg said Taiwan-based Foxconn wants to cut $2.9 billion in expenses and eliminate about 10 percent of non-technical staff amid the prospect of “a very difficult and competitive year.”

The report follows widespread concerns about softening demand for iPhones, the main product of Apple Inc., which is by far Foxconn’s most important customer.

A contract manufacturer with vast operations in China, Foxconn assembles the iPhone and other tech devices. Foxconn's financial filings show that a single customer – unnamed in the filings but widely believed to be Apple – accounted for 51% of Foxconn’s 2017 revenue of more than $150 billion.

RELATED: Foxconn will need engineers from Asia at Wisconsin factory, consultants say

Responding by email to Bloomberg’s inquiries about the cost-cutting plans, Foxconn said that its review for 2019 “is no different than similar exercises carried out in past years to ensure that we enter into each new year with teams and budgets that are aligned with the current and anticipated needs of our customers, our global operations and the market and economic challenges of the next year or two.”
 

K1052

Elite Member
Aug 21, 2003
46,711
34,588
136
"market and economic challenges of the next year or two"

Reflects a growing corporate consensus that we're in for trouble in the near future.
 

blankslate

Diamond Member
Jun 16, 2008
8,653
491
126
Now the Unemployed in Wisconsin have jobs making suicide proof nets to look forward to....



_________
 
Reactions: Sonikku

BUTCH1

Lifer
Jul 15, 2000
20,433
1,769
126
Now the Unemployed in Wisconsin have jobs making suicide proof nets to look forward to....



_________
That's if the Foxcon plant even gets built now, these Iphones are not cheap and it seems more people are happy with models from the last few years.
 

K1052

Elite Member
Aug 21, 2003
46,711
34,588
136
Almost done...


Foxconn Technology Group is reconsidering plans to make advanced liquid crystal display panels at a $10 billion Wisconsin campus, and said it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.

Now, those plans may be scaled back or even shelved, Louis Woo, special assistant to Foxconn Chief Executive Terry Gou, told Reuters. He said the company was still evaluating options for Wisconsin, but cited the steep cost of making advanced TV screens in the United States, where labor expenses are comparatively high.

Earlier this month, Foxconn, a major supplier to Apple Inc., reiterated its intention to create 13,000 jobs in Wisconsin, but said it had slowed its pace of hiring. The company initially said it expected to employ about 5,200 people by the end of 2020; a company source said that figure now looks likely to be closer to 1,000 workers.

It is unclear when the full 13,000 workers will be hired.

Rather than manufacturing LCD panels in the United States, Woo said it would be more profitable to make them in greater China and Japan, ship them to Mexico for final assembly, and import the finished product to the United States.

He said that would represent a supply chain that fits with Foxconn’s current “fluid, good business model.”

https://reut.rs/2sUwrEQ


I'm extremely skeptical of even these pared back plans. Kenosha seems like a terrible place to drop a major R&D facility if you want to attract good engineers.
 

brycejones

Lifer
Oct 18, 2005
26,584
24,807
136
Absolutely no one could have seen this coming......

Investigate the deal and see who made out like a bandit in Walker's admin.
 
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