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[Koki]

The price for your shiny iPhone will quadruple if this happens. That's a big IF.

Didn't they make video game console components too?

 

[SDCowboy]

So are these potentially 13k jobs going to be filled by Americans, or are a bunch of Chinese workers just going to be sent over?

 

[Ardenyal]

Made in murica, profit goes to republic of china.

They're going to make bank off the back of these nationalists.

 

[Alex_Mexico]

13 thousand jobs is nothing in the grand scheme of things.

And how is Foxconn going to be competitive paying US salaries?

 

[subrock]

So are these potentially 13k jobs going to be filled by Americans, or are a bunch of Chinese workers just going to be sent over?

just one guy and his name is Kuka

 

[LeleSocho]

"If i didn't get elected he would definitively would not be spending 10 billions dollars"
wow this guy, this. freaking. guy...
This deal would have been made even if a newborn baby was in the oval office.

 

[Hazmat]

You do realize the suicide rate at that factory is equal to the number of suicides in a city of the exact same population? 930,000 work at Foxconn, with the highest suicide rate was 14 in 2010. Shenzhen actually had a lower suicide rate than most of China.

You do realize that I was just making a joke, right? I shouldn't be surprised that GAF has Foxconn supporters, yet here I am.

 

[Fancyarcher]

So are these potentially 13k jobs going to be filled by Americans, or are a bunch of Chinese workers just going to be sent over?

Nah illegal space aliens.

 

[BradC00]

Wisconsin will stay red.

 

[Bruce Springsteen]

This is actually a big political victory for Trump if this comes to fruition

 

[Kaelan]

This is actually a big political victory for Trump if this comes to fruition

Possibly, however check this out - http://gizmodo.com/is-this-foxconn-...source=gizmodo_facebook&utm_medium=socialflow

It appears they'll be making LCD screens. In my mind it was "big apple ie iphones macbooks etc. Not the case.

 

[Bruce Springsteen]

Possibly, however check this out - http://gizmodo.com/is-this-foxconn-...source=gizmodo_facebook&utm_medium=socialflow

It appears they'll be making LCD screens. In my mind it was "big apple ie iphones macbooks etc. Not the case.

LCD is still the mass consumption screen across the world, OLED is longs ways away from being standard

 

[superbeau]

Why is everyone only talking about iPhones like that's all Foxconn makes?
Foxconn makes e v e r y t h i n g for almost everyone

 

[Ninja Scooter]

After the Carrier thing I have no reason not to believe this is all fluff and bullshit. Apparently Foxconn has a habit of announcing plants that never get built.

 

[YesThatGuy]

It will be announced, then a month later moved to México.

 

[SDCowboy]

Possibly, however check this out - http://gizmodo.com/is-this-foxconn-...source=gizmodo_facebook&utm_medium=socialflow

It appears they'll be making LCD screens. In my mind it was "big apple ie iphones macbooks etc. Not the case.

From an employment standpoint, does it matter what they make there?

 

[LeleSocho]

Why is everyone only talking about iPhones like that's all Foxconn makes?
Foxconn makes e v e r y t h i n g for almost everyone

Because this deal was mostly wanted by Apple.

 

[Sanjuro]

Foxconn is going to build the wall.

 

[Kaelan]

From an employment standpoint, does it matter what they make there?

Definitely not, but the general public was assuming a big "apple plant" I thought

 

[DrSlek]

13 thousand jobs is nothing in the grand scheme of things.

And how is Foxconn going to be competitive paying US salaries?

All assembley line workers will now have tip jars.

 

[Exile20]

What did Trump have to give up for this?

 

[Ninja Scooter]

What did Trump have to give up for this?

Subsidies. This is simply more corporate welfare from the party that hates people who are on welfare.

 

[DietRob]

I don't believe him. Not even willing to give the benefit of the doubt.

This will turn out just like or worse than the Carrier deal. Political grandstanding from Liar in Chief.

 

[innervision961]

So will they budget for the suicide nets at this location?

 

[superbeau]

Because this deal was mostly wanted by Apple.

Gotta a source on that? I live in Wisconsin as far as I've read it's panels for tvs and monitors

 

[btrboyev]

Gotta a source on that? I live in Wisconsin as far as I've read it's panels for tvs and monitors

Foxconn makes almost every piece of electronics we use. It's not apple.

 

[exmachina64]

This is actually a big political victory for Trump if this comes to fruition

Is it? The Carrier announcement didn't have a lasting effect on his approval numbers, Carrier got rid of the jobs anyway, and this is for a much smaller amount of jobs than the national economy creates in a given month.

 

[andymcc]

This is actually a big political victory for Trump if this comes to fruition

Haven't seen you in a trump thread for awhile. What up?

 

[Anion]

Would not surprise me if it is completely or near complete autonomous...

 

[ekurisona]

 

[Shadybiz]

Would not surprise me if it is completely or near complete autonomous...

Yeah, my first thought. If it gets built at all, there may be a small workforce, but it's going to be mostly robots.

 

[bill0527]

I'll volunteer to hold the suicide nets.

 

[Qvoth]

just read this on my bbc news app, you have to wonder about the salary cost though, like this is pretty nuts

 

[ekurisona]

I'll volunteer to hold the suicide nets.

 

[Duxxy3]

Perfect jobs for the folks getting out of the Wisconsin school system.

 

[superbeau]

Foxconn makes almost every piece of electronics we use. It's not apple.

Did you mean to reply to other poster?

 

[KissDaRing]

It'll be interesting to see how long this takes to get built if it ever does, and how much of it will be automated.

Foxconn is almost completely automated now so I would expect it to be the same in the US as well with staff brought on board just for maintenance purposes.

 

[Debirudog]

Not sure why Foxconn is even bothering unless Trump promises little to no regulation on these factories.

 

[Subpar Spatula]

13k workers?

You'll get 30k resumes.

Also, doubt it will happen. Everyone knows Trump's world of handouts isn't going to last forever. It'll take at least 3 years for this place to even get up and running fully (if it started today). They're not going to invest money when incentives will be removed as soon as the next dude is in office.

Hoodwinked again right-wing-nut-jobs.

 

[KissDaRing]

13k workers?

You'll get 30k resumes.

Also, doubt it will happen. Everyone knows Trump's world of handouts isn't going to last forever. It'll take at least 3 years for this place to even get up and running fully (if it started today). They're not going to invest money when incentives will be removed as soon as the next dude is in office.

Hoodwinked again right-wing-nut-jobs.

I doubt they even hire 6k workers to be honest.

 

[Piecake]

On the table is up to $3 billion in state tax breaks. The state legislature could approve the economic incentive package as early as August.

These payouts, Wisconsin officials said, come with lofty expectations. As long as Foxconn keeps hiring U.S. workers at the new flat-screen manufacturing facility, Wisconsin would cut the company $200 million to $250 million a year for up to 15 years.

That works out to a rough cost to the state of about $230,700 per worker, assuming the factory goes on to generate 13,000 jobs.

The coming plant represents a political victory for Walker, who bills himself a jobs creator and who faces reelection next year, as well as for Trump, who has made American manufacturing central to his economic agenda.

Foxconn has so far committed to creating 3,000 jobs at the plant by 2020, with an average yearly wage of $53,000. The company said in a statement to The Washington Post that the number has the “potential to grow” to 13,000.

Approval of the full incentive package would mean Foxconn, which made nearly $140 billion in revenue in 2015, could net up to $1.5 billion for creating Wisconsin jobs and another $1.35 billion for building the plant in the state’s southeast area.

https://www.washingtonpost.com/news...sin-230700-per-worker/?utm_term=.e1c7776d6a3e

That doesn't seem like a very good deal...

 

[Beartruck]

230k for every 50k worker? This is a handout, plain and simple.

 

[Piecake]

230k for every 50k worker? This is a handout, plain and simple.

And that is under the assumption that this results in 13k jobs when Foxconn is only committed to creating 3k

 

[malfcn]

Take all the subsidies and tax breaks, then automate.

 

[AmyS]

http://www.eetimes.com/document.asp?doc_id=1332072&

SAN JOSE, Calif. — Hon Hai Precision, the parent company of Foxconn, will spend $10 billion to build in Kenosha, Wisconsin a 10.5-generation LCD plant for 8K displays. The deal brokered by the Trump Administration includes $3 billion in tax breaks to create at least 3,000 Foxconn jobs in the U.S.

“TV was invented in America, but it does not have a single fab to produce a single 8K system--we are going to change that,” said Foxconn chairman and founder in a White House event. “We are committed to build the most advanced 8K ecosystem in America — the most advanced in the world,” Gou said.

The deal initially includes a 20 million square foot Foxconn campus but could ultimately create up to 13,000 Foxconn and 22,000 indirect jobs. The Foxconn jobs will have an average annual salary of $53,000 plus benefits, said Wisconsin Governor Scott Walker.

In a Foxconn press release, Gou said the Wisconsin plant was “the first in a series of facilities we will build in several U.S. states, this is part of a bigger plan to create a robust 8K+5G ecosystem in the United States,” implying smartphone manufacturing.

That's going to be about 18 miles away from here, though I'm on the IL side.

 

[Ninja Scooter]

230k for every 50k worker? This is a handout, plain and simple.

But I thought blue collar boot strap folks hate welfare!?!?

 

[jstripes]

They're building 8K sets in the new plant?

Can't we let 4K settle in for maybe a decade first?

 

[kulapik]

At least they are working on stuff that will be pretty expensive anyway.

 

[navanman]

3 billion in tax breaks. No brainer for Foxconn

 

[spwolf]

3 billion in tax breaks. No brainer for Foxconn

incentives 30%-35% of investment are the norm these days, look up car plants in southern states.

if they didnt offer it, someone else would...