Foxconn has not given up on the idea of some kind of involvement in the Madison area, a company executive hinted Wednesday.

But Alan Yeung, director of U.S. strategic initiatives for Foxconn Technology Group, offered few specifics.Yeung said the Taiwanese electronics giant will not only build a huge factory in Racine County, it also plans to “innovate across many industries.”

He said smart transportation is one area the company is very interested in, with driverless vehicles that could increase efficiency, promote ride-sharing and reduce emissions around the plant.

Yeung also praised the Madison area as “an incubator of great companies, great ideas and great entrepreneurs.” Asked about his comment later, Yeung said in addition to its Racine campus and headquarters offices planned in Milwaukee, Foxconn “definitely will be here (in Madison).”

He said Foxconn’s interests go “way beyond advanced manufacturing.” He said a collaboration here in life sciences could be “transformational,” and added that in the fields of entertainment, security and financial technology, “I think Madison could play a role.”

Yeung said, though, he is not ready to make any specific announcement.

Foxconn has said it plans to invest $10 billion to build a liquid-crystal display screen factory and campus in Mount Pleasant that could employ as many as 13,000 people. Last summer, the Madison Region Economic Partnership (MadREP) distributed a proposal that said a company was seeking a 20-acre site for a 700,000-square-foot manufacturing plant.

The proposal, called “Project Varsity,” did not name the company but Madison Mayor Paul Soglin said MadREP had encouraged him to propose sites for a possible Foxconn project matching those figures.

No further information has been disclosed on a potential Madison-area location since then.

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Judy Newman is a business reporter for the Wisconsin State Journal.