Alternative Title: Oh, no baby, of course I still love you…
Josh Dzieza reports After a ‘personal conversation’ with Trump, Foxconn says it will build a factory in Wisconsin after all (At some point…):
Days after Foxconn’s Louis Woo told Reuters that the company is no longer planning to build a factory in Wisconsin, Foxconn says the factory plan is back on.
“After productive discussions between the White House and the company, and after a personal conversation between President Donald J. Trump and Chairman Terry Gou, Foxconn is moving forward with our planned construction of a Gen 6 fab facility,” a statement read. A Gen 6 facility is smaller than the factory Foxconn initially promised in 2017, but larger than the assembly facility Foxconn said it would build yesterday.
Today’s statement saying that the Gen 6 factory will be built after all does not contain a timeline or any further details.
(Emphasis added.)
If it takes a political discussion, it’s not a market-based deal. If it’s not a market-based deal, it’s economically unfounded.
Previously: 10 Key Articles About Foxconn, Foxconn as Alchemy: Magic Multipliers, Foxconn Destroys Single-Family Homes, Foxconn Devours Tens of Millions from State’s Road Repair Budget, The Man Behind the Foxconn Project, A Sham News Story on Foxconn, Another Pig at the Trough, Even Foxconn’s Projections Show a Vulnerable (Replaceable) Workforce, Foxconn in Wisconsin: Not So High Tech After All, Foxconn’s Ambition is Automation, While Appeasing the Politically Ambitious, Foxconn’s Shabby Workplace Conditions, Foxconn’s Bait & Switch, Foxconn’s (Overwhelmingly) Low-Paying Jobs, The Next Guest Speaker, Trump, Ryan, and Walker Want to Seize Wisconsin Homes to Build Foxconn Plant, Foxconn Deal Melts Away, “Later This Year,” Foxconn’s Secret Deal with UW-Madison, Foxconn’s Predatory Reliance on Eminent Domain, Foxconn: Failure & Fraud, Foxconn Roundup: Desperately Ill Edition, Foxconn Roundup: Indiana Layoffs & Automation Everywhere, Foxconn Roundup: Outside Work and Local Land, Foxconn Couldn’t Even Meet Its Low First-Year Goal, Foxconn Talks of Folding Wisconsin Manufacturing Plans, WISGOP Assembly Speaker Vos Hopes You’re Stupid, and Lost Homes and Land, All Over a Foxconn Fantasy.