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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)

submitted 1 year ago by [email protected] to c/[email protected]

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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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[+] [email protected] -6 points 1 year ago (2 children)

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.

[–] [email protected] 5 points 1 year ago

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.

[–] [email protected] 3 points 1 year ago

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.