Tim Culpan, Columnist

America and the Foxconn Dream

This package could buy an iPhone for everybody in the state.

July 27, 2017 at 5:35 AM UTC

Tim Culpan is a former Bloomberg Opinion columnist covering technology in Asia. Previously, he was a technology reporter for Bloomberg News.

President Trump Announces Apple Supplier Foxconn Opening Wisconsin Plant — Andrew Harrer/Bloomberg

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Wisconsin is about to shell out as much as $3 billion for the privilege of luring Foxconn Technology Group. At $519 per citizen, it would have been cheaper to buy an iPhone for every man, woman and child in the midwestern state.1501125062902

Let's be clear: The big winner isn't the taxpayer. It's Foxconn and its billionaire chairman Terry Gou. As I predicted several times, Foxconn would only come to the U.S. if and when his demands were met.