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| Economy |
| Foxconn announces North American headquarters in Wisconsin |
| 2018-06-16 |
| [Reuters] SHANGHAI - Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city’s downtown area. In a statement, Foxconn said more than 500 people would work at the seven-story building in downtown Milwaukee. The announcement comes almost a year after the company disclosed plans to invest $10 billion over four years to build a 20 million-square-foot LCD panel plant in Wisconsin that could eventually employ up to 13,000 people. Taiwan-based Foxconn, known formally as Hon Hai Precision Industry Co Ltd (2317.TW), is the world’s largest contract electronics manufacturer and employs more than a million people. |
| Posted by:Besoeker |
| #3 Oh, if you want to see some people going nuts about this check out this thread from a while back at Hacker News at Ycombinator.net: https://news.ycombinator.com/item?id=16163558. And I think they'd be doing that sort of thing even if it were a purple state with a Democrat governor. They are hostile in the extreme to the idea of manufacturing in the United States, and we're all hypocrites if we play the same mercantilistic games as the people who made their current laptops and cell phones. |
| Posted by: Thing From Snowy Mountain 2018-06-16 15:10 |
| #2 The lefties are going nuts about this. It's a 'Win' for Gov. Walker and we can't have that now can we? |
| Posted by: Mullah Richard 2018-06-16 11:43 |
| #1 Ah, yes, the Japanese strategy to get around tariffs. |
| Posted by: Procopius2k 2018-06-16 09:13 |