How a Trump-endorsed plan overpromised and underdelivered
What we intended to do in Wisconsin is a combination of both, and we did build certain things in there. Whether or not it would continue is not up to the company to disclose publicly, in many cases. We have no obligation to share whether it launched, it commenced, or it ended. We did have commitment and obligation to the state of Wisconsin and its people in terms of the spirit of the contract or when the agreement demands it. In the case of ventilators, it was amid Covid-19.
The project was moving along to build a Gen 6 fab and we would have added more if it had progressed further from there. That is what I can tell you at this point. You are right that there is no Gen 6 or 10.5 fab. I think the agreement that they amended last year — and actually signed into a new contract, nullifying the original one — probably put that into a period, no longer a question mark. You can see, for now, there is no Gen 6 or 10.5 fab. So we killed that one.
JD: Let me stop you there for a second. You are teasing these other projects in Saudi Arabia, Ohio, or various other places that might or might not be happening. Whether or not Foxconn manufactured some secret products that you cannot tell us about, Foxconn did announce a lot of stuff. Their M.O. in Wisconsin was to make these big announcements about innovation centers or smart cities or the factory building, this and that.
I no longer speak for or work for the company, I want to make sure you understand that. I am not defending the company per se, but I am sharing a fact; just look at what great things are happening in India and Vietnam. I think it will happen in Wisconsin. Invariably, I think they got something out of it; they got training, and the stepping stones and experiences to move on to other positions in other companies. I can point to at least 30 to 50 people that have actually moved on to great organizations to take on great responsibility and are doing quite well. I take pride in doing that. Do I wish they had stayed on at Foxconn doing the Flying Eagle project? Of course I do. I wish I had stayed myself, and been in the project building that Gen 10.
JD: Residents were threatened with eminent domain and about 80 homes were bulldozed, whether or not they were happy with the house they could buy with whatever compensation they received. I did speak to homeowners who had built homes thinking they would spend the rest of their lives there, only to find Foxconn was moving in. They had their home demolished and later found out that Foxconn never actually needed the land.
Now, AI would have been a little bit less advanced than 8K, but 5G focused on a tremendous capability in Taiwan and elsewhere. The usage for 5G is both indoors and outdoors; IoT capability being used for logistics, supply chain, and warehouse management is a prime example of using 5G indoors even before you go outdoors. Some of that work was being done by the Foxconn Industrial Internet [FII] team and I think they have done some good work there.
The idea is that some of the driving, the equipment, or the sensing should not reside in the vehicle, right?If you put in the $10,000 lidar — back then it was $50,000 — and all the equipment, you basically have a server sitting in the trunk of a $100,000 vehicle.Right. If you move some of that computation and sensing capability from the vehicle to the roadside…No, that is an example.
I would not speculate as to whether it is right or wrong because some of the reports you had got some of the facts right, but the conclusion is not advisable. I can help you over time to actually put some really positive, but also fair interpretation on that. You guys have done well over the years and I congratulate you, and I mentioned seeing you quite a few times on CNBC. I would encourage you to look at things from both sides.
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