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Foxconn will spend $1 million over three years at Wisconsin universities for "smart cities"

KENOSHA, Wis. (AP) — Foxconn Technology Group is spending $1 million over the next three years to encourage Wisconsin universities to develop new ideas for "smart cities."

The Taiwan-based company made the announcement Thursday with representatives from higher-education institutions launching a competition in the fall called "Smart City, Smart Future."

Foxconn says its investment will provide the best ideas with financial and technical support to make them a reality. The company says more details about the initiative will be announced Aug. 7 at the "Smart Futures Summit" at the University of Wisconsin-Parkside in Kenosha.

Foxconn is building a $10 billion manufacturing facility in southeast Wisconsin to make ultra-high-definition display panels.

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