GREAT AGAIN: Trump announces $10 billion Foxconn plant in Wisconsin

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The Sage
President Donald Trump said Wednesday that Electronics giant Foxconn will build a $10 billion factory in Wisconsin that's expected to create 3,000 jobs.

The announcement comes at a critical juncture for a Trump administration that pledged to generate manufacturing jobs but has struggled to deliver results as quickly as the president promised. Trump's plans for health care and tax cuts face an uncertain future in Congress, while his administration is bogged down by an investigation into Russia's possible ties with his presidential campaign.

The factory will produce liquid-crystal display panels that are used in televisions and computer screens, according to a senior White House official who insisted on anonymity to discuss the announcement. Foxconn will locate its plant in the congressional district of U.S. House Speaker Paul Ryan, although the official declined to provide a specific location.

Foxconn could eventually employ 13,000 workers at the factory, the official said. This would mark a substantial gain for a state that currently has 472,000 manufacturing jobs and is still recovering from factory layoffs — including the closure of a General Motors plant in Ryan's hometown — that hit after the 2008 financial crisis.

http://abcnews.go.com/Technology/wi...s-10-billion-foxconn-plant-wisconsin-48870579
 
Trump Diva said:
President Donald Trump said Wednesday that Electronics giant Foxconn will build a $10 billion factory in Wisconsin that's expected to create 3,000 jobs.

The announcement comes at a critical juncture for a Trump administration that pledged to generate manufacturing jobs but has struggled to deliver results as quickly as the president promised. Trump's plans for health care and tax cuts face an uncertain future in Congress, while his administration is bogged down by an investigation into Russia's possible ties with his presidential campaign.

The factory will produce liquid-crystal display panels that are used in televisions and computer screens, according to a senior White House official who insisted on anonymity to discuss the announcement. Foxconn will locate its plant in the congressional district of U.S. House Speaker Paul Ryan, although the official declined to provide a specific location.

Foxconn could eventually employ 13,000 workers at the factory, the official said. This would mark a substantial gain for a state that currently has 472,000 manufacturing jobs and is still recovering from factory layoffs — including the closure of a General Motors plant in Ryan's hometown — that hit after the 2008 financial crisis.

http://abcnews.go.com/Technology/wi...s-10-billion-foxconn-plant-wisconsin-48870579
Click to expand...

This will put many 8 year old Chinese girls out of 18 hours a day jobs
 
Sure they will. Just like the big plant they were going to build in central PA back in 2013. I'll believe it when I see it.

HARRISBURG, Pa. — For some residents of this small city, there was something familiar about Foxconn’s recently announced plan to hire up to 50,000 U.S. workers, one of the many hiring pledges from companies rounded up by President Trump in the first weeks of his administration. The only difference was the scale.

In 2013, Foxconn’s chairman sent a jolt through this state capital when he said his company — best known for making Apple iPhones in China — would invest $30 million and hire 500 workers for a new high-tech factory in central Pennsylvania. Locals were giddy. Foxconn had a small office here, but this seemed like the start of an entire new industry. Pennsylvania’s governor boasted about the deal. The Brookings Institution think tank hailed Foxconn’s decision as a sign of U.S. manufacturing’s strength.

But the factory was never built. The jobs never came. “It just seemed to fade to black” after the announcement, recalled a local official. It was the start of a mystery, created by a chief executive known to promise projects all over the world that never quite pan out. Yet few people seem to notice. Foxconn and others continue to get credit for deals that never take place.

https://www.washingtonpost.com/busi...5efb7ccfb0d_story.html?utm_term=.4ae89a78b617
 
christiefan915 said:
Sure they will. Just like the big plant they were going to build in central PA back in 2013. I'll believe it when I see it.

HARRISBURG, Pa. — For some residents of this small city, there was something familiar about Foxconn’s recently announced plan to hire up to 50,000 U.S. workers, one of the many hiring pledges from companies rounded up by President Trump in the first weeks of his administration. The only difference was the scale.

In 2013, Foxconn’s chairman sent a jolt through this state capital when he said his company — best known for making Apple iPhones in China — would invest $30 million and hire 500 workers for a new high-tech factory in central Pennsylvania. Locals were giddy. Foxconn had a small office here, but this seemed like the start of an entire new industry. Pennsylvania’s governor boasted about the deal. The Brookings Institution think tank hailed Foxconn’s decision as a sign of U.S. manufacturing’s strength.

But the factory was never built. The jobs never came. “It just seemed to fade to black” after the announcement, recalled a local official. It was the start of a mystery, created by a chief executive known to promise projects all over the world that never quite pan out. Yet few people seem to notice. Foxconn and others continue to get credit for deals that never take place.

https://www.washingtonpost.com/busi...5efb7ccfb0d_story.html?utm_term=.4ae89a78b617
Click to expand...

We'll see, won't we?

Surely it's better than putting companies out of business at lightening speed.

You are scared shitless.
 
christiefan915 said:
Sure they will. Just like the big plant they were going to build in central PA back in 2013. I'll believe it when I see it.

HARRISBURG, Pa. — For some residents of this small city, there was something familiar about Foxconn’s recently announced plan to hire up to 50,000 U.S. workers, one of the many hiring pledges from companies rounded up by President Trump in the first weeks of his administration. The only difference was the scale.

In 2013, Foxconn’s chairman sent a jolt through this state capital when he said his company — best known for making Apple iPhones in China — would invest $30 million and hire 500 workers for a new high-tech factory in central Pennsylvania. Locals were giddy. Foxconn had a small office here, but this seemed like the start of an entire new industry. Pennsylvania’s governor boasted about the deal. The Brookings Institution think tank hailed Foxconn’s decision as a sign of U.S. manufacturing’s strength.

But the factory was never built. The jobs never came. “It just seemed to fade to black” after the announcement, recalled a local official. It was the start of a mystery, created by a chief executive known to promise projects all over the world that never quite pan out. Yet few people seem to notice. Foxconn and others continue to get credit for deals that never take place.

https://www.washingtonpost.com/busi...5efb7ccfb0d_story.html?utm_term=.4ae89a78b617
Click to expand...
$3 billion in tax giveaways. We'll see how that plays out, along with the massive use of water, and creation of ground level ozone.

A made-in-America iPhone will have to be priced 30 per cent more than the current stick price, assuming the same 40 per cent gross margin for Apple and accounting for higher US wages, according to a December 8 report by Bloomberg Intelligence.
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I'm sure everyone will scramble to pay 1/3 more for a phone...something that will be necessary across the board when we get American manufacturing started again. Patriots will have a choice to make.

“Hon Hai is a business, so they go where business is,” Teng said. “The deal might be with the U.S. government or it might be with Apple. But they’ll evaluate whether they can make money, and then go.”
Foxconn‘s third-quarter revenue rose to about NT$1 trillion (HK$241 billion), with NT$42 billion in net profit.
Whether a US assembly can be profitable for Foxconn comes down largely to automation, said Yuanta Securities Investment Consulting Co’s analyst Vincent Chen. Without automation, US labour costs may be prohibitive, he said. That’s where Foxconn’s Foxbots come in handy.
The Taiwan company has been developing industrial robots as it aims to automate as much as 30 per cent of its mainland Chinese factories by 2020, the company said in July.
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Let's see how high the giveway by Wisconsin taxpayers goes, before this deal is done.
 
Trump Diva said:
President Donald Trump said Wednesday that Electronics giant Foxconn will build a $10 billion factory in Wisconsin that's expected to create 3,000 jobs.

The announcement comes at a critical juncture for a Trump administration that pledged to generate manufacturing jobs but has struggled to deliver results as quickly as the president promised. Trump's plans for health care and tax cuts face an uncertain future in Congress, while his administration is bogged down by an investigation into Russia's possible ties with his presidential campaign.

The factory will produce liquid-crystal display panels that are used in televisions and computer screens, according to a senior White House official who insisted on anonymity to discuss the announcement. Foxconn will locate its plant in the congressional district of U.S. House Speaker Paul Ryan, although the official declined to provide a specific location.

Foxconn could eventually employ 13,000 workers at the factory, the official said. This would mark a substantial gain for a state that currently has 472,000 manufacturing jobs and is still recovering from factory layoffs — including the closure of a General Motors plant in Ryan's hometown — that hit after the 2008 financial crisis.

http://abcnews.go.com/Technology/wi...s-10-billion-foxconn-plant-wisconsin-48870579
Click to expand...

YAY AMERICA!!!
 
"C"hristiefan915 said:
Sure they will. Just like the big plant they were going to build in central PA back in 2013. I'll believe it when I see it.
Click to expand...

Translation:
seal-democratic-party.jpg
 
Althea said:
$3 billion in tax giveaways. We'll see how that plays out, along with the massive use of water, and creation of ground level ozone.

I'm sure everyone will scramble to pay 1/3 more for a phone...something that will be necessary across the board when we get American manufacturing started again. Patriots will have a choice to make.

Let's see how high the giveway by Wisconsin taxpayers goes, before this deal is done.
Click to expand...

:rofl2: @ a leftist dumbfuck whining about subsidies and giveaways. Yep, if they aren't going to Vietnam or China, you leftTards hate them. :rofl2:
 
Man, you can hear the leftist foot stomping and crying from coast to coast. MAGA makes them soooooo angry and mad. :rofl2:
 
Althea said:
$3 billion in tax giveaways. We'll see how that plays out, along with the massive use of water, and creation of ground level ozone.

I'm sure everyone will scramble to pay 1/3 more for a phone...something that will be necessary across the board when we get American manufacturing started again. Patriots will have a choice to make.

Let's see how high the giveway by Wisconsin taxpayers goes, before this deal is done.
Click to expand...

i would be willing to bet anything with you these phones will not be priced 30% more. Bloomberg is assuming competition does not exist and companies can maintain their profit margin no matter what.
 
tsuke said:
i would be willing to bet anything with you these phones will not be priced 30% more. Bloomberg is assuming competition does not exist and companies can maintain their profit margin no matter what.
Click to expand...
I'm waiting to see the same. Of course, we'll really test the fortitude of all the MAGA crowd who doesn't think about the consequences of 'buy American/hire American. I've always said that if manufacturing is coming back, it will be painful.

Labor costs are only one aspect. The aforementioned pollution issues will be another to address. Sure, trump will relax all enviro regulations, but that leaves the region looking like China's cities.
 
Althea said:
I'm waiting to see the same. Of course, we'll really test the fortitude of all the MAGA crowd who doesn't think about the consequences of 'buy American/hire American. I've always said that if manufacturing is coming back, it will be painful.

Labor costs are only one aspect. The aforementioned pollution issues will be another to address. Sure, trump will relax all enviro regulations, but that leaves the region looking like China's cities.
Click to expand...

thats another thing but you are claiming that the IPhone prices will be 30% higher. I am saying they will not be despite what bloomberg says
 
christiefan915 said:
Sure they will. Just like the big plant they were going to build in central PA back in 2013. I'll believe it when I see it.

HARRISBURG, Pa. — For some residents of this small city, there was something familiar about Foxconn’s recently announced plan to hire up to 50,000 U.S. workers, one of the many hiring pledges from companies rounded up by President Trump in the first weeks of his administration. The only difference was the scale.

In 2013, Foxconn’s chairman sent a jolt through this state capital when he said his company — best known for making Apple iPhones in China — would invest $30 million and hire 500 workers for a new high-tech factory in central Pennsylvania. Locals were giddy. Foxconn had a small office here, but this seemed like the start of an entire new industry. Pennsylvania’s governor boasted about the deal. The Brookings Institution think tank hailed Foxconn’s decision as a sign of U.S. manufacturing’s strength.

But the factory was never built. The jobs never came. “It just seemed to fade to black” after the announcement, recalled a local official. It was the start of a mystery, created by a chief executive known to promise projects all over the world that never quite pan out. Yet few people seem to notice. Foxconn and others continue to get credit for deals that never take place.

https://www.washingtonpost.com/busi...5efb7ccfb0d_story.html?utm_term=.4ae89a78b617
Click to expand...

It will happen..........soon as ObamaCare is gone for ever, as soon as Mexico pays for that wall.:rofl2:
 
tsuke said:
thats another thing but you are claiming that the IPhone prices will be 30% higher. I am saying they will not be despite what bloomberg says
Click to expand...
I'm not claiming anything, rather, quoting various aspects of the issue at large. China is famous for backing down from these deals, so let's see how this shakes out.
 
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