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SoftBank Buys Foxconn’s Ohio Plant to Boost Stargate AI Push
SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group’s electric vehicle plant in Ohio, a move aimed at kick-starting the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp.
SoftBank buys Foxconn plant in Ohio for $375M to make AI servers
Foxconn, officially Hon Hai Precision Industry Co., is the world’s largest contract electronics manufacturer. It assembles Apple Inc.’s iPhones and supplies servers to multiple cloud providers. The company is also active in numerous other markets including the auto sector.
Foxconn has announced the sale of its Lordstown plant to Crescent Dune, but will continue to operate at the facility.
Taiwan's Foxconn said on Monday it had struck a deal to sell a former car factory at Lordstown, Ohio, for $375 million, ...
Foxconn apparently sold its Lordstown, OH, EV factory to a company created just weeks before, while claiming it will maintain ...
The company has spent more than three years claiming the factory would become an "important" EV hub. But it has barely ...
Foxconn has sold its Lordstown Assembly plant to an “existing business partner” but will continue to occupy the factory.
Foxconn said on Monday it had struck a deal to sell the former Lordstown factory in Ohio for $88 million, saying it planned ...
Foxconn announced this week it has sold the 6.2 million square feet plant to a newly formed company out of Delaware.
Apple has been diversifying from its core iPhone business, so why shouldn't key supplier Foxconn ? The electronics giant’s cash cow has long been contract manufacturing for the company run by Tim Cook ...
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