SoftBank reportedly bought Foxconn’s Ohio factory for the Stargate AI project

SoftBank has reportedly purchased the former General Motors factory in Lordstown, Ohio, previously owned by Foxconn, to support its Stargate AI project, according to Bloomberg News. The factory acquisition, initially disclosed by Foxconn as a sale to an entity named “Crescent Dune LLC,” will be used to build AI servers as part of a data center initiative led by SoftBank in collaboration with OpenAI and Oracle. The Stargate project, announced shortly after Donald Trump’s inauguration, currently includes a large data center under construction in Texas, with plans to expand infrastructure across other states and countries. However, SoftBank has faced funding challenges and trade-related obstacles impacting the project’s progress. The Ohio factory was originally purchased by Foxconn in late 2021 from electric vehicle startup Lordstown Motors, with ambitions to transform it into a major EV manufacturing and R&D hub in North America. Despite these plans, the factory’s EV manufacturing customers, including Monarch Tractor, Fisker Inc., and IndiEV