Overview

• Hon Hai Precision Industry (Foxconn) confirmed it will continue operating the 6.2 million-square-foot Lordstown, Ohio facility that SoftBank acquired to retrofit for AI server manufacturing.
• SoftBank will supply manufacturing equipment while the two companies form a joint venture to build AI data-center servers and related gear.
• The Lordstown site is under consideration as the flagship node in SoftBank’s $500 billion Stargate initiative with OpenAI and Oracle.
• Hon Hai, which assembles Apple iPhones and Nvidia servers, received $375 million from SoftBank for the Lordstown plant.
• SoftBank maintains that Stargate financing remains on track even after May reports cited U.S. tariff risks and competition from lower-cost AI rivals like DeepSeek.