SoftBank Acquires Foxconn Ohio Plant for $375M to Build AI Servers

SoftBank acquired Foxconn's Ohio EV plant for $375 million to manufacture AI servers for the $500 billion Stargate project with OpenAI and Oracle. Foxconn retains operational control, shifting the site from auto assembly to AI hardware production. This boosts U.S. AI infrastructure and jobs, though energy challenges loom.