Foxconn Wisconsin Factory (2017-2021)
2017-2021What Happened
Taiwanese electronics manufacturer Foxconn announced a $10 billion factory in Wisconsin that would create 13,000 jobs, calling it the 'eighth wonder of the world.' Governor Scott Walker approved $4.5 billion in state and local incentives. The company scaled back repeatedly, ultimately building a small facility with a fraction of promised employment.
Outcome
Wisconsin spent hundreds of millions on infrastructure and displaced residents for land acquisition.
The project became a cautionary tale about mega-incentive packages for foreign manufacturers. Wisconsin renegotiated terms in 2021, reducing subsidies after Foxconn failed to meet job targets.
Why It's Relevant Today
VinFast's delays mirror Foxconn's pattern: grand announcement, massive incentives, then repeated timeline pushbacks. Both involved foreign companies with limited U.S. track records making ambitious production promises.
