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Foxconn Sells Ohio Factory, Shifts Focus to AI Data Centers

8/4/2025

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Summary

Story summary

Foxconn sold a former car factory in Lordstown, Ohio, for $375 million, machinery included.
The site will focus on producing products for cloud and networking, especially for AI data centers.
Foxconn acquired the plant from Lordstown Motors for $230 million in 2022.
The company is dedicated to U.S. automotive production despite previous challenges.
Foxconn is expanding beyond iPhone assembly, partnering with TECO Electric for data centers.

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Story summary

Foxconn sold a former car factory in Lordstown, Ohio, for $375 million, machinery included.
The site will focus on producing products for cloud and networking, especially for AI data centers.
Foxconn acquired the plant from Lordstown Motors for $230 million in 2022.
The company is dedicated to U.S. automotive production despite previous challenges.
Foxconn is expanding beyond iPhone assembly, partnering with TECO Electric for data centers.