Tech
SoftBank buys Foxconn’s Ohio plant to jumpstart Stargate AI push
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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 centre project with OpenAI and Oracle Corp.
SoftBank, which has struggled to create a financial blueprint for Stargate, had approached Foxconn to get the Apple Inc. supplier on board with its plan to build data centres and related infrastructure throughout the US, people familiar with the matter said. The EV plant sale is a result of those efforts by the…
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