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SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push, Bloomberg News reports
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SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push, Bloomberg News reports
Aug 8, 2025 3:46 AM

Aug 8 (Reuters) - SoftBank Group Corp is

acquiring Foxconn Technology Group's electric vehicle

plant in Ohio, in a move to launch the Japanese company's $500

billion Stargate data center project with OpenAI and Oracle Corp ( ORCL )

, Bloomberg News reported on Friday.

Foxconn did not immediately respond to a Reuters request for

comment while SoftBank could not be reached for a comment.

Reuters could not immediately verify the report.

(Reporting by Devika Nair in Bengaluru; Editing by Mrigank

Dhaniwala)

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