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Foxconn’s $100 million pledge to university largely unmet

The University of Wisconsin-Madison has received less than 1% of the money Foxconn Technology Group pledged to it two years ago. In August 2018, Foxconn committed $100 million to the university to help fund an engineering building and for company-related research. But Foxconn critics say the Taiwanese technology company has failed to live up to that pledge, giving the university $700,000 in the first of a five-year agreement and no money over the past year.

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Report finds Mount Pleasant on sound footing despite Foxconn’s shortfalls (access required)

Entering the COVID-19 outbreak, Mount Pleasant enjoyed enough reserves and revenue to weather the pandemic, even with the $200 million in debt the village had amassed to help with the construction of Foxconn Technology Group's massive campus, according to a report released this week.

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