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Foxconn and University of Illinois Strike Up $100 Million Deal

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URBANA — The University of Illinois is creating a $100 million center for smart technology at the Urbana campus in partnership with FoxConn Interconnect Technologies and the UI’s Discovery Partners Institute, to be funded in part by state money allocated for the DPI initiative.

The Center for Networked Intelligent Components in the Grainger College of Engineering will be a global hub for “reconfigurable” smart technology that will drive manufacturing plants, hospitals, autonomous vehicles and smart homes of the future, the UI said in a joint announcement with the company on Tuesday.

FoxConn Interconnect has committed $50 million over 10 years to support programs and research at the center, dubbed “C-NICE…”

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