The University of Wisconsin-Madison has received less than 1 percent of the money that Taiwan-based Foxconn Technology Group pledged to it two years ago amid the electronics giant's expansion plans in Wisconsin. In August 2018, Foxconn committed US$100 million to the university to help fund an engineering building and for company-related research. ``UW-Madison continues to maintain open lines of communication with Foxconn representatives,'' university spokesman John Lucas said. "Although Foxconn is in the best position to explain its plans, the university understands that changes in the firm's executive leadership, business goals and impact of the pandemic have resulted in shifting priorities.'' Both were at the ceremony in 2018 when the company made the US$100 million pledge, the State Journal reported.

Source: The Standard August 14, 2020 13:41 UTC