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SoftBank Invests $375 Million in Ohio AI Factory

8/19/2025

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Summary

Story summary

SoftBank Group purchased a factory in Ohio from Foxconn for $375 million to manufacture AI data center equipment.
The facility, formerly an EV factory, will be operated by Foxconn, which has partnered with SoftBank for over six months.
Foxconn anticipates increased AI server revenue due to rising demand from cloud computing companies, despite trade uncertainties.

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Story summary

SoftBank Group purchased a factory in Ohio from Foxconn for $375 million to manufacture AI data center equipment.
The facility, formerly an EV factory, will be operated by Foxconn, which has partnered with SoftBank for over six months.
Foxconn anticipates increased AI server revenue due to rising demand from cloud computing companies, despite trade uncertainties.