MADISON, Wis. (AP) — 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 said in a statement that it remains committed to engineering and research at UW-Madison.
The university and company have partnered on projects with some success, including an internship program and the “Smart Cities-Smart Futures” manufacturing competition.