UW-Madison: Foxconn slow on $100M pledge

Associated Press

Sept. 11, 2019

MADISON  — 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 declined to comment.

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

Foxconn plans to build a high-tech screen manufacturing plant in Racine County.