Foxconn Technology Group announced Monday it will invest $100 million in the University of Wisconsin-Madison, including funding to help establish a new interdisciplinary research facility for the College of Engineering that will collaborate with the company’s facilities in southeast Wisconsin.
Foxconn Chairman and founder Terry Gou was on campus to make the announcement alongside UW-Madison Chancellor Rebecca Blank, who committed to privately raising another $100 million toward the new interdisciplinary enterprise.
Foxconn’s $100 million gift is among the largest in the university’s history and will include money to fast-track a new engineering building that has only been on the long-range drawing board until now.
The new Foxconn Institute for Research in Science and Technology (FIRST) at UW-Madison will be designed as a hub for technological innovation and provide an environment for research and development initiatives in medical science, materials science, computer and data-driven science, among other fields.
The focus also will be on advancing research on human health in areas such as genomics, immune cell research, clinical data integrity and processing and medical imaging in cancer and related diseases.
The two parties will work together to identify and develop initiatives to promote technological advancement, education and scientific outreach.
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