SoftBank reportedly acquires Foxconn's US EV plant for Stargate

Digitimes
By Jingyue HsiaoAug 11, 2025, 12:04 am195 pts
The SoftBank Group has reportedly acquired Foxconn's Ohio EV factory through Crescent Dune LLC for US$375 million, aiming to advance its Stargate AI infrastructure initiative with OpenAI and Oracle, despite neither company confirming the deal.

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