MOUNT PLEASANT, Wis.--Foxconn Technology Group (FTG) has made its first financial commitment for a planned flat-panel plant in Wisconsin, according to the Milwaukee Journal Sentinel. Hon Hai Precision Industry Co., known as FTG outside of Taiwan, on Friday deposited $60M to special bank accounts in Wisconsin. The money is to be used by the village and Racine County to buy land for the $10B flat-panel plant, whose construction is to begin next month.

QINGDAO, China--Earlier this month, the New York-based Institute of Electrical and Electronics Engineers (IEEE) announced a proposal to develop an international mass customization standard led by Chinese electronics manufacturer Haier at the National Engineering and Scientific Commission conference. It is the first international standard created by IEEE based on the model, and to serve as its technical framework since the organization was launched more than 50 years ago.