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

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(Reuters) -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.

(Reporting by Devika Nair in Bengaluru; Editing by Mrigank Dhaniwala)

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