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SoftBank Buys Foxconn’s Ohio Plant to Boost Stargate AI Push
SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group’s electric vehicle plant in Ohio, a move aimed at kick-starting the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp.
SoftBank buys Foxconn plant in Ohio for $375M to make AI servers
Foxconn, officially Hon Hai Precision Industry Co., is the world’s largest contract electronics manufacturer. It assembles Apple Inc.’s iPhones and supplies servers to multiple cloud providers. The company is also active in numerous other markets including the auto sector.
SoftBank named as buyer of Foxconn Ohio factory, site could eventually host a Stargate data center – report
According to a report from Bloomberg, the purchase is the result of efforts by SoftBank to involve Foxconn in the $500 billion Stargate data center project, which the Japanese investment company is currently undertaking with OpenAI, Oracle, and Abu Dhabi's MGX.
A few of SoftBank's portfolio companies are expected to go public this year. Shares of SoftBank Group ended Friday 10.39% ...
By Anton Bridge and Junko Fujita TOKYO (Reuters) -Shares in SoftBank Group jumped more than 13% to a record high on Friday ...
Tech companies are racing to build powerful data centers across the nation, especially as President Trump calls for increased ...
SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time ...
Japanese technology investor SoftBank Group on Thursday booked a net profit of $2.87 billion in the first quarter, driven by ...
Japanese technology conglomerate SoftBank Group has reported a $2.9 billion profit for the April-June quarter, rebounding ...
The investment conglomerate reported a higher-than-expected profit, aided by a recovery in its te ...
Company posted net income of 421.82 billion yen (S$3.7 billion) in the first quarter, more than double analysts' forecast.
Japanese technology conglomerate SoftBank Group Corp. posted a 421.8 billion yen ($2.9 billion) profit in the April-June ...
The Japanese technology investment company recorded a first-quarter net profit thanks partly to a recovery in its tech funds ...
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