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Foxconn agrees $375 million Lordstown plant sale to pivot towards data centers
Taiwan's Foxconn said on Monday it had struck a deal to sell a former car factory at Lordstown, Ohio, for $375 million, including its machinery, but said it would continue to use the site to make a broader range of products aligned with its strategic priorities.
Report: SoftBank Acquires Foxconn Lordstown Plant
News outlet Bloomberg has reported that SoftBank Group Corp. is the entity behind the acquisition of Foxconn’s Lordstown manufacturing plant. The purchase is intended to help launch the Japanese investment firm’s $500 billion Stargate data center project with partners OpenAI and Oracle Corp.
Foxconn apparently sold its Lordstown, OH, EV factory to a company created just weeks before, while claiming it will maintain ...
Foxconn said on Monday it had struck a deal to sell the former Lordstown factory in Ohio for $88 million, saying it planned ...
Foxconn was supposed to produce a variety of EVs under contract at the Ohio facility, but it has now sold the plant to a ...
Foxconn’s announcement to sell its Lordstown manufacturing plant, while continuing operations at the sprawling ...
Foxconn spent years promising electric vehicles would be built at the former Chevy Cruze factory. Now it will make AI servers ...
Troubles at Lordstown first started in late 2016. General Motors, the builder and then owner of the plant, announced that ...
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