MADISON, WI (WTAQ) – An agreement between the University of Wisconsin-Madison and Foxconn was reached on Monday.
A $100 million dollar investment in engineering and innovation research at the University of Wisconsin-Madison will be provided by Foxconn Technology Group.
UW-Madison Chancellor Rebecca Blank says the industry research partnership is the largest in the school’s history. She’s also excited about this extraordinary opportunity.
“You don’t get $100 million gifts very often,” she says.
Blank explains what the university will be able to do with the investment.
“The opportunity is here for us to build engineering, healthcare data, science, and it’s that triangle together that I think is particularly important for building some of our high tech expertise,” she says.
Foxconn is an electronics giant that is based in Taiwan and is building their first North American factory in Mount Pleasant.
The business received generous incentives from Wisconsin to build their first facility outside of Asia within the state.
Once fully operational the facility is expected to employ around 13,000 individuals.
