Report: Foxconn and SoftBank to Produce Data Center Equipment in Ohio for Stargate Initiative

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Aug 18 2025

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Source: SeekingAlpha

Foxconn and SoftBank Collaboration: Foxconn plans to manufacture data center equipment with SoftBank at its former electric vehicle factory in Ohio, part of the Stargate project aimed at enhancing U.S. AI infrastructure.
Acquisition Details: SoftBank has acquired the Lordstown site from Foxconn, which will continue operations through a joint venture established between the two companies.
Project Timeline and Priorities: Foxconn Chairman Young Liu emphasized the importance of power, venue, and timing for the project, indicating that Ohio is an ideal location for these developments.
Stargate Project Overview: The Stargate initiative, a collaboration involving SoftBank, OpenAI, and Oracle, is expected to attract investments up to $500 billion, although progress has been slower than anticipated.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.