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SoftBank Buys Foxconn’s Ohio EV Plant… for an AI Megaproject?

So Bloomberg just dropped a pretty wild one — SoftBank reportedly spent $375M to snag Foxconn’s electric vehicle factory in Ohio. But here’s the twist: it’s not for making cars. Apparently, this is all part of SoftBank’s massive $500 billion “Stargate” project, which they’re doing with OpenAI and Oracle. The plan? Build a giant data center empire to ride the AI hardware boom. Foxconn’s parent company, Hon Hai, confirmed they sold the plant to a company called Crescent Dune LLC but didn’t say who was behind it. Now it turns out that “mystery buyer” was SoftBank all along. Hon Hai’s even going to help Masayoshi Son pull this off — they’ve got history together from the Vision Fund days. It’s kind of wild thinking about an old EV plant getting turned into part of an AI infrastructure push. Feels like the physical footprint of AI is going to be way bigger than people realize. #Tech #Stargate

SoftBank Buys Foxconn’s Ohio EV Plant… for an AI Megaproject?
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