SoftBank and Foxconn to Produce Data Center Equipment at Ohio Facility, According to Reuters

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Aug 18 2025

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Collaboration Announcement: Foxconn is set to manufacture data center equipment in partnership with Softbank at its former electric vehicle factory in Ohio.
Site Acquisition: Softbank has acquired the Lordstown site, where Foxconn will continue operations through a joint venture.
Project Focus: The factory will contribute to the Stargate project, aimed at enhancing U.S. AI infrastructure.
Strategic Development: This initiative reflects a strategic move to expand capabilities in the growing field of artificial intelligence and data management.

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.