Foxconn buys a building in front of the Capitol of Wisconsin

Foxconn buys a building in front of the Capitol of Wisconsin CNNMoney

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MADISON, Wisconsin – Foxconn Technology Group has purchased a building just across the Capitol from the state of Wisconsin, in downtown Madison.

The Taiwanese electronics giant and BMO Financial Group announced Friday that they have bought the six-storey building for an innovation center. BMO has a branch on the ground floor and will stay there.

Foxconn is building a manufacturing plant near Racine where it will produce LCD panels. However, the company was beset with doubts as to whether it would keep its promise to hire 13,000 people for the project and invest $ 10 billion.

The Madison Innovation Center is to host a research center. Foxconn announced that it would work as part of a partnership with the University of Wisconsin-Madison.

Foxconn also purchased buildings in Milwaukee for its North American headquarters, Green Bay and Eau Claire for innovation centers.

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