Most popular Foxconn announced that it will launch

2022-08-08
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Foxconn announced that it would launch the airport coffee robot

in Wisconsin, a manufacturer famous for helping to manufacture the world's most popular electronic equipment. On September 6, Foxconn announced that it would establish a partnership with briggo, a Texas based company. The automatic coffee machine produced by briggo is mainly used in airports and corporate offices. It is the size of an automatic vending machine in a small shopping center. The Milwaukee Business Times reported the news

Foxconn will help the company manufacture its products in its Wisconsin LCD factory, but the factory has not been built, so it does not produce LCD or any other products. Foxconn previously claimed that the factory was planned to be used for various manufacturing purposes

this factory has been in a chaotic state of Kafkaesque mismanagement for a long time, which has aroused great discussion in the past two years. This is the product of a so-called milestone contract two years ago, which cost Wisconsin about $4billion in tax credits, land and infrastructure investment, and other incentives to attract companies to move to the Midwest

Foxconn's current target is the 2020 completion date. The plant is expected to be much smaller, employing far fewer Americans than the 20million square feet and 13000 jobs initially promised in the contract approved by governor Scott Walker in 2017. At that time, President donaldtrump also praised the deal as a victory for the US manufacturing industry. The president broke ground with a gold shovel at the factory site and called the project the eighth wonder of the world

so far, Foxconn has only managed to purchase a series of vacant buildings called innovation centers, and has continuously narrowed the scope of its factory plan in the state. Foxconn has challenged the verge's findings about its vacant innovation center

obviously, in addition to the LCD panel, the automatic coffee machine is one of the first equipment that Foxconn plans to produce in the United States. It is not clear when briggo will begin to see its automated cafes roll down from Foxconn's non-existent assembly line

in addition, in August this year, the Wisconsin administrative department requested to reassess the costs and benefits brought to the state by this much smaller facility

the report, written by Tim bartik of the Upjohn Institute for employment, found that smaller factories further increased the already exceptionally high cost per job. Batik found that if the subsidy level in the current contract was maintained, Foxconn would cost taxpayers about 290000 US dollars per job, while if Foxconn built the initial factory of 10billion US dollars and 13000 jobs, it would need 172000 US dollars. In contrast, battick estimates that Virginia's subsidy for Amazon's second headquarters is between $10000 and $13000 per job

batik wrote: the most important conclusion drawn from this analysis is that it is difficult to put forward credible assumptions. According to the revised Foxconn incentive contract (the purpose of protecting the lower jaw contact surface is achieved by providing a credit interest rate similar to the original contract), the benefits exceed the costs. The incentive costs of every job are so high that it is difficult to see how the benefits will offset these costs

batik made this memo at the request of the Wisconsin administrative department, but he pointed out that the memo was made independently and its conclusions did not necessarily reflect the views of the department or the Upjohn Institute. He did not know whether governor Tony Evers had listened to the briefing on the report when selecting the appropriate jaw and bushing, but he said that he shared the report with mark Hogan, head of the Wisconsin Economic Development Corporation. Hogan opposed the conclusions of the report

Hogan said in a statement that the current contract protects Wisconsin taxpayers. This study makes the assumption that it is impossible to occur under the existing performance contract between WEDC and Foxconn in order to ensure the query power. The obvious fact is that if the company creates only 1500 or 1800 jobs by 2023, it will not be able to retain any incentives. Hogan wrote in a statement

6 months ago, a Foxconn executive met with Evers and expressed interest in revising the contract. Foxconn did not say what it would promote, but the everse management document obtained by the verge summarized the broad requirements of the meeting and the company: to update the contract to reflect smaller factories, including more subsidiaries of Foxconn, and to extend the period during which Foxconn is eligible for capital investment tax credit

(original title: Foxconn announced that the first product in Wisconsin is airport coffee, but the factory has not been built yet)

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