Earlier this week, Foxconn Chairman Young Liu confirmed that SoftBank has acquired its Ohio plant to build new AI servers in the US. The transaction was

An unusual transaction belies a continuance of international efforts in U.S. production – now instead of EVs, the facility will turn out AI servers.

Softbank has purchased the Lordstown site, Foxconn Chairman Young Liu told reporters, adding that Foxconn will continue operating the site via a venture the two companies will set up. Foxconn said earlier this month it had struck a deal to sell the factory and its machinery for $375 million,