President #Biden is traveling to Racine County, Wisconsin today to unveil a $3.3 billion investment by Microsoft to build an AI data center in the state.
This is the same location where, seven years ago, #Trump touted a $10 billion Foxconn facility as the "eighth wonder of the world."
That facility never fully materialized.
#POTUS Biden will champion a new Microsoft #Artificial Intelligence investment in #Wisconsin on Wedn — showcasing the failed #economic commitments of his political rival Trump, whose promises for a #job-rich Foxconn plant in the battleground state never materialized.
…the appearance [is] part of #Biden’s “Investing in #America” strategy, …drawing a sharp contrast w/ #Trump, who spent Tues posting angry msgs on social media about his #criminal trial for falsifying business records to conceal #HushMoney payments to adult-film actress #StormyDaniels.
In 2018, when #Foxconn, at Trump’s urging, announced plans to create 13k good-paying #jobs in #Wisconsin, he celebrated the company’s $10B venture outside Racine as the “8th Wonder of the World.”
Wielding a golden shovel, #Trump touted the #Foxconn flat-panel display factory as evidence of a broad #manufacturing revival stirred by his 2017 TaxCut which rewarded the [#wealthy & #corporations] & #tariffs on imported steel. “You know, 18 months ago this was a field, & now it’s one of the most advanced places of any kind you’ll see anywhere in the world. It’s incredible,” Trump crowed.
The #Foxconn facility was to have dozens of bldgs on a giant plot of land 3X the size of NY’s Central Park. But the project accomplished little more than the #destruction of 100 local #homes & #farms before the co drastically scaled back plans.
In Sept 2020, #Wisconsin state ofcls denied the Taiwanese co special #tax credits, saying it had abandoned its original commitment, employed <520 people & spent just $300M. Local #taxpayers were left w/a tab of >$500M for site prep.
Der Elektronikfertiger will neue Geschäftszweige erobern. Die erdnah kreisenden Satelliten könnten künftig beim Aufbau von Internetverbindungen helfen.
Dienstag: Noch keine Einigung bei KI-Verordnung, Tesla-Werk in Mexiko ungewiss
EU sucht gemeinsame Linie + Tesla-Werk in Mexiko verzögert sich + Probenbehälter nicht zu öffnen + Lebenszeit für Sonden verlängert + Ermittlungen gegen Foxconn
Foxconn: Ermittlungen in China schicken Aktien ins Minus
China hat Ermittlungen gegen Foxconn eingeleitet. Die Hintergründe sind unklar, aber mehrfach wird auf die politischen Ambitionen des Firmengründers verwiesen.
"If the Chinese Communist party regime were to say 'If you don't listen to me, I'll confiscate your assets from Foxconn,' I would say 'Yes, please, do it!'
Microsoft just paid $76 million for a Wisconsin pumpkin farm (www.theverge.com)
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Foxconn approved for $6.3 million in Wisconsin tax credits this year (www.bizjournals.com)
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Mount Pleasant could be cash-rich after deal with Microsoft (www.bizjournals.com)
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Microsoft, State Announcing Massive Data Center Expansion, Land Purchase (urbanmilwaukee.com)
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