Foxconn to Operate SoftBank’s Stargate AI Server Site in Ohio

Hon Hai Precision Industry Co. will operate a US factory owned by SoftBank Group Corp., setting up what’s in the running to be the first manufacturing site in the Japanese company’s $500 billion Stargate venture with OpenAI and Oracle Corp.

SoftBank is acquiring Hon Hai’s electric-vehicle plant in Ohio but the Taiwanese company will continue to run the complex after turning it into an AI server production plant, Hon Hai Chairman Young Liu said, confirming a Bloomberg News report. SoftBank will supply manufacturing gear to the factory, and a joint venture between the two companies will make AI data center-related equipment, Liu said.