Foxconn to build R and D facility in Michigan

Mar 2012
52,896
35,012
New Hampshire
#1
Taiwan's Foxconn, one of Apple's primary iPhone makers, will open a multibillion-dollar research and development plant in Michigan, the South China Morning Post reported on Sunday.

That makes the second politically critical state to receive such a commitment from the multinational — which is sure to be seen by many as a gargantuan political success for President Donald Trump.

The Michigan facility will be focused on autonomous vehicles, the SCMP said, citing Foxconn founder Terry Gou. "Automotive development in the U.S. is still more advanced than China," Gou was quoted as saying. "Besides self-driving technology, I'm also interested in artificial intelligence and deep learning technology." The news comes nearly two weeks after Foxconn announced a $10 billion Wisconsin plant. That's expected to create 3,000 American jobs, with the potential to eventually expand to 13,000 jobs.

https://www.cnbc.com/2017/08/07/foxconn-to-open-multi-billion-dollar-michigan-plant.html
 
Likes: 1 person
Mar 2012
52,896
35,012
New Hampshire
#2
This is interesting..

On the day Gou announced his company's Wisconsin manufacturing plans, Gov. Snyder signed legislation designed to lure Foxconn and other companies to Michigan with an incentive that would allow employers to keep state income taxes generated by new jobs. The so-called "Good Jobs" tax incentives contain a provision that appeared to be written with Foxconn in mind that would allow an employer to keep 100 percent of its employees' state income taxes for up to 10 years if they paid above the average regional wage.

Employers that create 500 or more new jobs can keep half of their employees' state income taxes for up to 10 years if they pay the regional average wage, which for metro Detroit is about $28 an hour or $58,084. That law also allows for 100 percent capture of state income taxes for employers who create at least 250 new jobs that pay 25 percent above the regional average.

Foxconn plans research facility in Michigan | Crain's Detroit Business
 
Likes: 1 person

Djinn

Council Hall
Dec 2007
49,652
35,799
Pennsylvania, USA
#3
Yeah... There are some concerns though...

For example in 2013, Foxconn announced that they would be building a $30M factory employing 500 workers in Harrisburg, PA. The plant wasn't built, and there's no indication that it will ever be built. You'll find similar broken Foxconn pledges in Vietnam and Indonesia.

In Brazil, they DID build a promised factory. However, rather than employing 100,000 as pledged, the actual total was about 3,000.

And let's say that Foxconn bucks the trend, and actually builds the factory in Wisconsin, and employs 13,000 people... will it last? Just last year, Foxconn boasted that in a single Chinese factory, they replaced 60,000 workers with robots.

And the icing on the cake? By offering tax incentives, subsidies, etc., Wisconsin is paying Foxconn between $230,000 and $1,000,000 per job created - based on Foxconn's promises.
 
Likes: 3 people
May 2012
64,668
12,258
By the wall
#5
They seriously need to deregulate the self-driving thing.

That is the future and would bring even more business here.
 

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