SoftBank reportedly bought Foxconn’s Ohio factory for the Stargate AI project

SoftBank, the Japanese conglomerate, has reportedly acquired Foxconn's unfinished factory in Ohio, which was initially intended for electric vehicle production. The factory, formerly used to manufacture the Chevrolet Cruze, has now been repurposed for a new venture: the Stargate AI project. Foxconn, the Taiwanese electronics manufacturer, had previously made grand promises to build electric vehicles at the Ohio facility. However, those plans have now been abandoned, and the factory will instead be used to produce AI servers. The acquisition is believed to be part of SoftBank's broader strategy to expand its presence in the artificial intelligence sector. The Stargate AI project, which will be housed in the Ohio factory, is expected to focus on the development and production of high-performance AI hardware and software. The news highlights the shifting priorities and challenges faced by companies in the rapidly evolving technology landscape. It also underscores the ongoing transformation of the manufacturing industry, as traditional automotive production gives way to emerging technologies like artificial intelligence.