Foxconn's $10bn move to the US is not a reason to celebrate

The company doesn't have a great track record of keeping its job-creation promises, for one. Then there's the issue of worker conditions in China

The announcement by the Taiwanese giant Foxconn that it will build an LCD-manufacturing facility in Wisconsin worth an estimated $10bn was met with considerable fanfare.

But the state has a troubled history in matters of economic development, and the company, a supplier to Apple, Google, Amazon and other tech giants, has a lackluster record when it comes to fulfilling its promises. The news should raise red flags.