STRINGS ATTACHED: The university must raise US$100 million on its own to receive the Foxconn funding, most of which is to pay for a building on its engineering campus
Taipei Times
Date: Aug 29, 2018
By: AP, MADISON, Wisconsin
Foxconn Technology Group (富士康科技集團) CEO Terry Gou (郭台銘) and University of
Foxconn chief executive Terry Gou, left, and University of Wisconsin-Madison chancellor Rebecca Blank pose for photographers on Monday before signing a declaration of collaboration agreement on Monday at the Wisconsin Institute for Discovery on the school’s campus. Photo: AP / Steve Apps / Wisconsin State Journal
Wisconsin-Madison (UW-Madison) chancellor Rebecca Blank on Monday signed an agreement that also calls for the creation of a science and technology institute on the UW-Madison campus that would collaborate closely with the display screen manufacturing plant being built in Mount Pleasant, about 160km southeast of Madison near the Illinois border.
Foxconn, known as Hon Hai Precision Industry Co (鴻海精密) in Taiwan, chose Wisconsin for its first plant outside of Asia after receiving generous incentives from the state.
Foxconn has said that the manufacturing campus could cost up to US$10 billion and eventually employ 13,000 people.
Finding workers was expected to be a challenge in a state with low unemployment.
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