US EditionSoftBank Reportedly Bought Foxconn's Ohio Factory for the Stargate AI Project
- SoftBank Group Corp is acquiring Foxconn Technology Group’s electric vehicle plant in Ohio for the Stargate data center project, according to Bloomberg.
- The Stargate Project aims to invest $500 billion in AI infrastructure in the U.S. by 2029 and is expected to create over 100,000 jobs.
- The Lordstown plant is set to become a major data center hub under the Stargate Project, which is supported by OpenAI and Oracle.
- SoftBank has been in talks with Foxconn for months to create a national network of data centers, marking a significant transition from planning to execution of this initiative.
12 Articles
12 Articles
SoftBank acquires Foxconn’s Ohio EV plant to power $500B Stargate AI infrastructure push - Tech Startups
SoftBank Group Corp is acquiring Foxconn Technology Group’s electric vehicle plant in Ohio, in a bid to launch the Japanese company’s Stargate data center project, Bloomberg reported Friday. According to the report, the Lordstown, Ohio factory is expected to be […] The post SoftBank acquires Foxconn’s Ohio EV plant to power $500B Stargate AI infrastructure push first appeared on Tech Startups.
Foxconn Says EV Sales Are So Slow It's Converting A Factory To Build AI Servers Instead
Taiwanese electronics giant Foxconn is recalibrating its U.S. operations, steering away from EV production and setting its sights on the booming AI infrastructure market. The company has sold its EV factory in Lordstown, Ohio, which it acquired in 2022 from Lordstown Motors, in favor of ramping up AI server production on the same site. In […] The post Foxconn Says EV Sales Are So Slow It’s Converting A Factory To Build AI Servers Instead appeare…
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