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UW-Madison Says Foxconn Slow in Fulfilling $100M Pledge

UW-Madison Says Foxconn Slow in Fulfilling $100M Pledge

Created: September 10, 2019 06:19 PM

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.

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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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Information from: Wisconsin State Journal

Copyright 2019 The Associated Press. All rights reserved.

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