President #Biden is traveling to Racine County, Wisconsin today to unveil a $3.3 billion investment by Microsoft to build an AI data center in the state.
This is the same location where, seven years ago, #Trump touted a $10 billion Foxconn facility as the "eighth wonder of the world."
That facility never fully materialized.
#POTUS Biden will champion a new Microsoft #Artificial Intelligence investment in #Wisconsin on Wedn — showcasing the failed #economic commitments of his political rival Trump, whose promises for a #job-rich Foxconn plant in the battleground state never materialized.
Wielding a golden shovel, #Trump touted the #Foxconn flat-panel display factory as evidence of a broad #manufacturing revival stirred by his 2017 TaxCut which rewarded the [#wealthy & #corporations] & #tariffs on imported steel. “You know, 18 months ago this was a field, & now it’s one of the most advanced places of any kind you’ll see anywhere in the world. It’s incredible,” Trump crowed.
…the appearance [is] part of #Biden’s “Investing in #America” strategy, …drawing a sharp contrast w/ #Trump, who spent Tues posting angry msgs on social media about his #criminal trial for falsifying business records to conceal #HushMoney payments to adult-film actress #StormyDaniels.
In 2018, when #Foxconn, at Trump’s urging, announced plans to create 13k good-paying #jobs in #Wisconsin, he celebrated the company’s $10B venture outside Racine as the “8th Wonder of the World.”
The #Foxconn facility was to have dozens of bldgs on a giant plot of land 3X the size of NY’s Central Park. But the project accomplished little more than the #destruction of 100 local #homes & #farms before the co drastically scaled back plans.
In Sept 2020, #Wisconsin state ofcls denied the Taiwanese co special #tax credits, saying it had abandoned its original commitment, employed <520 people & spent just $300M. Local #taxpayers were left w/a tab of >$500M for site prep.
Foxconn: Ermittlungen in China schicken Aktien ins Minus
China hat Ermittlungen gegen Foxconn eingeleitet. Die Hintergründe sind unklar, aber mehrfach wird auf die politischen Ambitionen des Firmengründers verwiesen.
Proterra, Hersteller elektrischer Autobusse und Lieferant von Akkus und Ladestationen für Schwerfahrzeuge ist zahlungsunfähig. Der Betrieb geht vorerst weiter.
They could but they won't. They also said could build EV batteries there but I don't think that's ever going to happen. This 1,000 acre albatross is just going to keep eating up taxpayer money indefinitely.
Foxconn said it intends to apply for incentives under India's semiconductor production plan, a day after the Taiwanese firm split with Vedanta on a $19.5 billion chipmaking joint venture.
Long before Lordstown joined with Foxconn, #Foxconn was known as a company that never met its promises. Never. They run scams.
They took the people of Wisconsin for millions. This has nothing to do with EVs but to do with government officials who are willing to get in bed with scammy companies.
Lordstown Motors files for bankruptcy and sues Foxconn-
The Ohio electric truck maker’s woes belie the bright future Donald Trump predicted when Lordstown took over a GM factory: https://wapo.st/44nBZY6
#Vietnamese officials have called on #Apple supplier #Foxconn to reduce power use by 30% at its assembly plants in the north of the country where there were #electricity#outages last year, two people familiar with the matter said.
The request for #EnergySaving measures, which two other industry sources said was sent to multiple manufacturers, is precautionary & aimed at averting a repeat of last summer when #PowerShortage led to over a billion dollars in lost output.
Microsoft just paid $76 million for a Wisconsin pumpkin farm (www.theverge.com)
From the Article:...
Foxconn approved for $6.3 million in Wisconsin tax credits this year (www.bizjournals.com)
From the Article:...
Mount Pleasant could be cash-rich after deal with Microsoft (www.bizjournals.com)
From the article:...
Microsoft, State Announcing Massive Data Center Expansion, Land Purchase (urbanmilwaukee.com)
From the article:...
Foxconn Selling Green Bay, Eau Claire ‘Centers’ (urbanmilwaukee.com)
It was inevitable, I guess....
Foxconn could produce 'millions' of solar energy components for Enphase in Mount Pleasant (www.bizjournals.com)
They could but they won't. They also said could build EV batteries there but I don't think that's ever going to happen. This 1,000 acre albatross is just going to keep eating up taxpayer money indefinitely.
Foxconn targets India's chip scheme after pulling plug on $19.5 bln JV (www.reuters.com)
Foxconn said it intends to apply for incentives under India's semiconductor production plan, a day after the Taiwanese firm split with Vedanta on a $19.5 billion chipmaking joint venture.