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UW-Madison says Foxconn slow in fulfilling $100M pledge

MADISON, Wis. (AP) — The University of Wisconsin says it has received just $700,000 of the $100 million that Foxconn Technology Group pledged to fund engineering and innovation research on the school’s flagship campus.

A Wisconsin State Journal report Tuesday says progress has been slow since the world’s leading electronics manufacturer made the promise in August 2018.

UW-Madison spokesman John Lucas says there has been “no significant progress in discussions.” The investment has been touted as “the largest research partnership in the university’s history.”

Foxconn said in a statement that it remains committed to engineering and research at UW-Madison.

The university and company have partnered on projects with some success, including an internship program and the “Smart Cities-Smart Futures” manufacturing competition.

Lucas says the $700,000 was used for a sponsored engineering research project.

Foxconn plans to build a high-tech screen manufacturing plant in southeastern Wisconsin.

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This story has been corrected to show that Foxconn did comment in response to the report.

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Information from: Wisconsin State Journal, http://www.madison.com/wsj

Associated Press

Associated Press

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