Foxconn Technology Group has donated $100 million to the University of Wisconsin-Madison in a partnership to support research, establish a new facility for the College of Engineering and to create a research institute on its manufacturing campus in Mount Pleasant.
The company’s agreement with UW-Madison will support research in engineering, data and computer science, and human health, including genomics and medical imaging technology for treating cancer. It also provides funding for research into artificial intelligence, advanced wireless communications systems and the company’s resolution screens.
Foxconn chairman and founder Terry Gou and UW-Madison Chancellor Rebecca Blank announced the partnership Monday morning during a news conference in Madison.
Most of Foxconn’s $100 million gift will go toward a new interdisciplinary research center at 1410 Engineering Drive on the UW-Madison campus.
The Foxconn investment is to be matched by the university through fundraising efforts and will also fund the creation of the Foxconn Institute for Research in Science and Technology that will be located at the company’s Wisconn Valley Science & Technology Park in Mount Pleasant.
Foxconn already has announced plans for innovation centers in downtown Milwaukee, Green Bay and Eau Claire.
Additionally, it has launched a three-year, $1 million Smart Cities, Smart Futures challenge that provides scholarships and cash rewards to college students throughout the state who submit proposals for technological projects in housing, office efficiency, communications and other topics.
Foxconn officials have said they would like to have Wisconsin become a technology center somewhat like California’s Silicon Valley.
“At Foxconn, we see our role as not only being a major investor in Wisconsin, but also a long-term partner to the local community,” Gou said. “This includes promoting a vibrant environment that nurtures and enables Wisconsin’s talented workforce, allowing them to tap the immense opportunities that Wisconn Valley has to offer.”
“Our collaboration will bring together some of the world’s leading scientists, physicians and engineers to drive advances in technology and science while fostering the talent pipeline that will help build Wisconsin’s future,” Blank said.