Guess factory12/24/2022 Wisconsin promised more than $4 billion in tax credits to Foxconn, cleared land by pushing people out of their homes, and diverted water from Lake Michigan to support the factory. The deal was supposedly quite simple: Foxconn (the company best known for manufacturing the iPhone), President Trump, and Wisconsin Governor Scott Walker all announced that Foxconn would build a 20-million-square-foot display factory in Wisconsin that would bring 13,000 manufacturing jobs back to the United States. It was also one of the first big moments in the Trump presidency, complete with President Trump holding a golden shovel at a lavish groundbreaking ceremony where he said the factory would be “the eighth wonder of the world.” If you don’t quite remember, the Foxconn project in Wisconsin was announced in 2017 as a massive deal to build the first “Generation 10.5” LCD factory in North America. Alan Yeung is a professor of entrepreneurship at the University of Wisconsin-Madison and the former head of the Foxconn project in Wisconsin.
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