News for hackers. Stuff that matters.
Re:Samsung Foundry: New $17B Fab in the USA by Late 2023 by tootie on Thursday February 11, 2021 @10:12AM (#26102242)
But what the hell does Foxconn get out of it? The deal was for tax breaks which only pays off if you have taxes to pay on profits or real estate and they don't have either. They didn't come close to meeting the employment goals for the deal to kick in either. So, they puff up some local Republicans which reflects a bit on the president. Then they embarrass themselves and everyone who promoted the deal and end up in the exact same financial position as before. This just feels like a big screw up more than a conspiracy.
Re:Samsung Foundry: New $17B Fab in the USA by Late 2023 by AaronFriel on Thursday February 11, 2021 @10:27AM (#26102465)
Perhaps you should ask Foxconn why they are so strenuously objecting to the new leadership not holding up their end of the deal?

Many people's gut reaction to a whiff of partisanship here or suggestion of corruption or conspiracy is to push back hard. Well, dammit, what did Foxconn want to get out of it except for billions of dollars in ill-gotten tax incentives?

I'm responding so incredulously to you because everyone's motivations here was advertised loudly. It's not a conspiracy if it happens in broad daylight.

It seems clear to me that they wanted to not have to pay taxes in Wisconsin for many, many years to come.

https://apnews.com/article/technology-wisconsin-d3f025e43ab0...