Tuesday, August 28, 2018

$100 million gift launches Foxconn, UW research partnership

From The Journal Times.com:

 MICHAEL BURKE mick.burke@journaltimes.com
9 hrs ago

Foxconn CEO Terry Gou, left, and UW-Madison Chancellor Rebecca Blank are shown after signing a Declaration of Collaboration agreement Monday at the Wisconsin Institute for Discovery on the UW-Madison campus.

MADISON — Foxconn Technology Group, and its chairman and founder Terry Gou, on Monday announced plans to invest $100 million in engineering and innovation research at the University of Wisconsin-Madison, while also creating the framework for a science and technology institute that will collaborate closely with the company’s future facilities in Mount Pleasant.

The Foxconn investment will include funding to help establish a new interdisciplinary research facility for the College of Engineering on the UW–Madison campus.

Gou and other senior Foxconn executives visited the campus Monday and, along with university officials, signed several agreements designed to formalize and streamline their future working relationship.

Under the Foxconn UW–Madison Collaboration Declaration, the parties will establish the Foxconn Institute for Research in Science and Technology, or FIRST. It is intended to be a hub for technological innovation and provide an environment for research and development initiatives in medical science, materials science, computer and data-driven science and other fields.

FIRST will have its main location at the future Wisconn Valley Science & Technology Park in Mount Pleasant and also an off-campus presence in Madison.

Read more: https://journaltimes.com/business/local/million-gift-launches-foxconn-uw-research-partnership/article_5dd6eb95-81f5-5d3c-a8e5-79f841b76e16.html#tracking-source=home-top-story

Foxconn is big on plans and promises.  In other words, believe nothing until you see it.

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