Microsoft has agreed to buy a $50 million parcel of land in southeastern Wisconsin meant for Foxconn after the world’s largest electronics manufacturer failed to fulfill grandiose promises to build a massive facility that would employ thousands of workers.
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Apple supplier Foxconn says its January monthly sales hit a record high as it bounced back from Covid-19 disruptions in China. Here’s what’s happening in the wake of a Covid shutdown and rebound.
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Apple supplier Foxconn says it is “gradually” restoring production capacity at its sprawling campus in central China, which has been hit by Covid-19 restrictions and worker protests since October.
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A violent workers’ revolt at the world’s largest iPhone factory last week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms.
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Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China.
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More than 100,000 people have signed up for a massive recruitment drive by Apple’s supplier Foxconn for the largest iPhone factory in China, according to Chinese state media.
Read MoreElectronics giant Foxconn reversed course and announced Wednesday that the huge Wisconsin plant that was supposed to bring a bounty of blue-collar factory jobs back to the Midwest — and was lured with billions in tax incentives — will instead be primarily a research and development center staffed by scientists and engineers.
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Visions about what the Foxconn Technology Group project will mean for the future of Wisconsin and region clashed Thursday, with President Donald Trump and Gov. Scott Walker touting it as a transformational moment while opponents worried about pollution, congestion and false promises.
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