Tech
What Foxconn – Apple’s Largest Manufacturer – Is Up To In Wisconsin
Foxconn is the world’s largest contract manufacturer of electronics and the biggest assembler of Apple products. Now it’s building a massive factory in a village in rural Wisconsin. In a deal heralded by politicians including President Donald Trump and then Speaker of the House Paul Ryan, Wisconsin offered Foxconn close to $4 billion in subsidies to bring the project there. In return, Foxconn promised 13,000 jobs and a $10 billion investment in Wisconsin.
In the last two years, however, plans have changed many times and locals have been forced to move to make way for the 3,000 acre project. CNBC got a rare chance to sit down with Foxconn and the Wisconsin official who helped broker the deal to ask: what’s really going on with the project? Watch the video to learn more about the international giant trying to build one of the world’s largest factories – in the United States.
Clarification: Jim Mahoney decided not to take “a buyout offer” from the town of Mount Pleasant, not directly from Foxconn.
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What Foxconn – Apple’s Largest Manufacturer – Is Up To In Wisconsin
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Billions of dollars have been raised for this year’s midterms elections, with a significant portion coming from big name tech billionaires in the cryptocurrency, artificial intelligence and online gambling sectors. Megadonors’ contributions are overwhelmingly behind Republicans in the 2026 midterm election, with 14 of the 20 largest donor groups exclusively or nearly exclusively backing GOP candidates or outside groups. CNBC’s Luke Fountain reports.
Chapters:
00:00 – 00:56 Introduction
00:57 – 03:37 Chapter 1 – Republican-aligned donors
03:38 – 05:07 Chapter 2 – Democrat-aligned donors
Reporter: Luke Fountain
Produced and Edited by: Romy Tarantino
Animation: Jason Reginato, Emily Park
Additional Camera: Macklin Fishman, Andrew Evers
Supervising Producer: Shawn Baldwin
Additional Footage: Getty Images
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The Megadonors Funding The 2026 Midterms
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Chapters:
0:00 Introduction
02:09 Chapter 1: Complicated and expensive
04:02 Chapter 2: Access to vehicle data
Produced by: Robert Ferris
Edited and shot by: Darren Geeter, Natalie Rice
Additional Camera: Ryan Baker
Post production support: Erin Black
Animation: Jason Reginato, Emily Park
Senior managing producer: Tala Hadavi
Addition footage: Getty Images
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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@HikikomoriDev
December 31, 2023 at 11:55 am
Not much came from this and Terry Gou and Microsoft had their last laugh at it while people where evicted and had to throw their own cash away to the goverment to fund the plant, that's like a majour fraud, bigger than anything and every one is silent now, they don't care, it's also people's fault, people get screwed too for not really paying attention, no one is protesting either, so people's fault too.
@duanerondorf8948
December 31, 2023 at 11:55 am
Thank Scott Walker for the sewers and roads but thank Tony Evers for the REAL jobs
@user-kk5dl1lf7p
December 31, 2023 at 11:55 am
Foxconn is a manufacturer for business. If the supply chain, resources, labors … are not ready, I wonder what would I do if I am the business owner?
@dary0097
December 31, 2023 at 11:55 am
Foxconn The world's largest Sweat Shops
@spadebraithwaite1762
December 31, 2023 at 11:55 am
Sam, you're lucky you didn't grow up in Britain with that name. You'd have been, "Not-a-poof!"
@chikeungchan503
December 31, 2023 at 11:55 am
A lot of Americans are spoiled to be lazy. No hope to move back the manufacturing to usa again.
@silo3com
December 31, 2023 at 11:55 am
Hilarious
@rimmyrk3428
December 31, 2023 at 11:55 am
It is funny while bussiness like Foxxcon is struggling with capitals/ money to invest to create jobs for people while some rats in DC throw money away for Ukraine
@flyfliker
December 31, 2023 at 11:55 am
Foxconn and Apple are evil
@telmagarcia4620
December 31, 2023 at 11:55 am
Justicia
@darandaneshjou4550
December 31, 2023 at 11:55 am
PROPAGANDA. MODERN DAY SLAVERY
@JacksonHoulihan
December 31, 2023 at 11:55 am
So glad to see how Wisconsin republicans screwed over their own people by giving foxconn(perfect name for them by the way) hundreds of millions in taxpayer money and never having to actually do what their contract says they will, like creating jobs. I wonder how much scum walker and punk ryan got from foxconn to create this CON on the good people of Wisconsin.
@owengallant7738
December 31, 2023 at 11:55 am
Jobs cut from 13 000 to 1400 and investment from 10 billion to 600 million as of April 2019
@johnwick860
December 31, 2023 at 11:55 am
you know something is wrong when your company installs nets around buildings 😂
@s.g2068
December 31, 2023 at 11:55 am
The eight wonder of the world 😂
@InFltSvc
December 31, 2023 at 11:55 am
This was nothing but a lie because Apple agreed they are I would rather have the slaves in China do their bidding for them
@randallgoldapp9510
December 31, 2023 at 11:55 am
Just as long as they install suicide nets.
@bxzdjsjs6991
December 31, 2023 at 11:55 am
Character In the video It's great, I like it a lot $$
@medicinaemdia4895
December 31, 2023 at 11:55 am
It’s like every single promise that Trump does, he oversells it and then others bite the dust
@danielhutchinson6604
December 31, 2023 at 11:55 am
The addiction to Tech seems to have made people forget
about how much water we need to survive…..
@bagelchips3213
December 31, 2023 at 11:55 am
You hear what that guy said, Trumpers? "The skill sets are NOT in the U. S." You understand what that means? Our education system SUCKS. Thanks to your political views and votes. That, and everything else Trump touts turns to total crap. I think it's exactly what it's named: One big Fox con. Slave factory workers committing suicide? Yep, that's about right. In Wisconsin? Maybe they should start producing AR-15s. Big market for those crazies out there now.
@thetr7067
December 31, 2023 at 11:55 am
the sound is not good I am quite disappointed
@grantwong9491
December 31, 2023 at 11:55 am
WIS*CONN*SIN HAHA 🦾🦾🦾🦾🦾🦾🌪🌪🤖🦾🤖🤖🤖🦾🤖🤖🤖🦾🤖
@kalip5742
December 31, 2023 at 11:55 am
The Foxconn factory should be going up to build Fisker EV's
@johnlamarche8118
December 31, 2023 at 11:55 am
This didn't age well.
@harshgupta_india
December 31, 2023 at 11:55 am
This video is the audio version of wikipedia page of foxconn🤣😂
@patricksaxon3983
December 31, 2023 at 11:55 am
I cannot even find an electronics assembly job in America, it all went to China.
@garydunn3868
December 31, 2023 at 11:55 am
Another Trump scam.
@karabadasski2521
December 31, 2023 at 11:55 am
FOX and CONN and Trump was involved??? Wisconsin got screwed.
@garydunn3868
December 31, 2023 at 11:55 am
Scam on the citizens of Wisconsin by Trump, Ryan and their cabal of grifters.
@tamdangmarketing
December 31, 2023 at 11:55 am
Not all deals falls through. Accusing Jerry of misses promises – Jerry is obviously a “Doer” as per his results – perhaps the the US can keep their promises the plant may be built already.?
@bitchlasagna8481
December 31, 2023 at 11:55 am
All for a foreign company. Lol
@rickhuis3773
December 31, 2023 at 11:55 am
Trump scam! Remember that
@deelish22
December 31, 2023 at 11:55 am
What a scam
@ShaMana999
December 31, 2023 at 11:55 am
Welcome from the future, sooo where is the plant and the jobs?