SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push, Bloomberg News reports

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, 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.