Foxconn Giving $100 Million To UW-Madison For Partnership

Foxconn Giving $100 Million To UW-Madison For Partnership

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Foxconn Technology Group announced this week that it will invest $100 million in engineering and innovation research at the University of Wisconsin-Madison, making it one of the largest gifts in the school’s history that comes as the Taiwan-based electronics giant builds a factory in southeastern Wisconsin that would be the company’s first of its kind in North America.

Foxconn CEO Terry Gou and UW-Madison Chancellor Rebecca Blank signed an agreement that also calls for the creation of a science and technology institute on the UW-Madison campus that will collaborate closely with the display screen manufacturing plant, which is being built in Mount Pleasant, about 100 miles (160 kilometers) southeast of Madison near the Illinois border.

Foxconn, the world’s leading electronics manufacturer, chose Wisconsin for its first plant outside of Asia after receiving generous incentives from the state. Foxconn says the manufacturing campus could cost up to $10 billion and eventually employ 13,000 people.