88m3
Fast Money & Foreign Objects
All that talk about those factories was always bullshyt like I expected...
I don't think anyone believed this was going to work...
I'd also like to point out the majority of the people boosting this were banned
Foxconn announces new factory in Wisconsin, 13k direct jobs/$10B investment
- Thread starter Scoop
- Start date
I don't think anyone believed this was going to work...
I'd also like to point out the majority of the people boosting this were banned
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..
www.engadget.com
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.
Mariella MoonContributing Reporter
Tue, Aug 29, 2023·2 min read
ASSOCIATED PRESS
When Foxconn announced its plans to open facilities in Wisconsin back in 2017, it promised to invest $10 billion into bringing production to the US that was expected to lead to as many as 13,000 jobs. Now, the Taiwanese supplier to tech giants like Apple is selling two properties in Eau Claire and Green Bay, purchased for almost $12 million in 2018. The property listings were first reported by Wisconsin Public Radio (via Gizmodo and The Verge), which revealed that only three floors of the Green Bay building's six floors are in use. Meanwhile, the portion Foxconn owns in a mixed-use property in Eau Claire has reportedly remained empty for years.
Foxconn originally said that it was going to build "innovation centers" in Wisconsin, including one that will serve as an LCD factory. The project was supposed to be massive enough to strike a $2.85 billion tax credit deal with the local government. At the time the project was announced, then President Donald Trump said that if he didn't get elected, Foxconn "wouldn't be spending $10 billion" on manufacturing in the US. The former president was also there when the project broke ground, equipped with a golden shovel.
In 2021, however, Foxconn massively altered the scale of the project and told the local government that it would be investing $672 million instead of $10 billion like it intended. It also reduced the number of potential jobs produced to 1,454 from 13,000 positions. The company said back then that its original projections "changed due to unanticipated market fluctuations" and that reducing the scale of its project in the US gives it the "flexibility to pursue business opportunities in response to changing global market conditions."
Foxconn didn't comment on its Eau Claire property, but it told WPR that it "will add to the vibrancy of the city's downtown." Green Bay Mayor Eric Genrich posted on X that he hopes a sale "will lead to better utilization of a fantastic waterfront building."
Kyle C. Barker
Migos VERZUZ Mahalia Jackson
GnauzBookOfRhymes
Superstar
I remember some goofy Asian guy messaged me on LinkedIn in 2018 talking about he needed an accountant at Foxconn and wanted me to call him. I never responded cause I knew it was supported by Trump and everything Trump touches dies.
ORDER_66
The Fire Rises 2023
You gotta blame foxxconn too nit just trump they the ones wanted to setup shop here knowing full and well theyd have to pay american born workers a fair wage. Also their reputation is china is dog shyt had people literally killing themselves in the factories...jumping off the rooftops
alot of blame to go around....
sjankis630
Pro
I am trying to figure out how this datacenter is going to employ 1000s of people. I live in Northern Va - Data Center alley - and there are not many people working in the enormous buildings. MS says there are a bunch of construction jobs - which will go away once the building is done and it doesn't take that long to build one of these buildings. Then when I look at Microsoft's own website about their data centers.
local.microsoft.com
Just about 1/2 way down the page there is this question and answer regarding how many people are needed to run a datacenter.
How many buildings are going to be needed to create a lot of permanent jobs?
from the website:
Microsoft datacenters represent a capital-intensive investment and long-term commitment to the community. Typically, when the first building is operational we hire about 50 full-time employees and vendors. As we build out the subsequent buildings, additional staff is hired and generally we employ 50 full time and vendors per building.
that is
It sounds like 50 full time employees to cover 3 shifts with most of them during the day? I guess we can wait and see.
Frequently asked questions about our datacenters
Understanding datacenters What is a datacenter and why do we need them? Datacenters provide the physical infrastructure for the technology we depend on at work and in our personal lives. Whenever you open an app on your pho
local.microsoft.com
How many buildings are going to be needed to create a lot of permanent jobs?
from the website:
Working at a datacenter
How many people will work at the datacenter?Microsoft datacenters represent a capital-intensive investment and long-term commitment to the community. Typically, when the first building is operational we hire about 50 full-time employees and vendors. As we build out the subsequent buildings, additional staff is hired and generally we employ 50 full time and vendors per building.
that is
It sounds like 50 full time employees to cover 3 shifts with most of them during the day? I guess we can wait and see.