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Madison chancellor: Foxconn's $100 million pledge unlikely

Posted at 9:55 AM, Aug 10, 2021
and last updated 2021-08-10 10:55:57-04

MADISON, Wis. (AP) — University of Wisconsin-Madison Chancellor Rebecca Blank says she isn’t expecting the Foxconn Technology Group to honor a $100 million pledge it made to the school nearly three years ago.

The pledge made back in August 2018 was promoted as the biggest research partnership in UW-Madison history.

Foxconn would make the investment in engineering and innovation research at the university.

A public records request made by the Wisconsin State Journal to UW-Madison showed on Monday that the Taiwanese electronics company gave $700,000 in the first year of the five-year agreement.

That’s less than 1% of the original commitment.

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