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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 L4s@lemmy.world to c/technology@lemmy.world

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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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[-] abhibeckert@lemmy.world 17 points 1 year ago* (last edited 1 year ago)

Didn’t Michigan win?

"total costs for taxpayers and ratepayers to build the manufacturing campus to $683 million… with more costs likely to come."

That doesn't sound like winning. The state spent a fortune up front on surrounding infrastructure that was needed before Foxconn could start operating, and they never started operating.

this post was submitted on 29 Aug 2023

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