The mystery buyer of the former General Motors plant owned by Foxconn in Lordstown, Ohio, is obviously softbank, according to News Bloomberg news. Softbank wants to use the factory to build AI servers as part of the Data Center Stargate project intended for the Japanese group, Openai and Oracle.
The report comes just a few days after Foxconn’s announcement that it had sold the factory, along with the equipment of construction of electric vehicles inside it, to a buyer referred to as “Crescent Dune LLC” – an entity created in Delaware in late July. Nor did the company respond immediately to comments.
It is not clear what this means to Tractor Monarch, a California -based start -up that develops electric and autonomous agricultural equipment. Monarch was the lonely client of the Foxconn contract construction at the Ohio plant, after the other three of the prospective customers of Taiwanese technique were bankrupt. Monarch Praveen Penmetsa has not responded to e -mail requests.
Softbank, Openai and Oracle announced the Stargate project the day after the inauguration of Donald Trump. The effort today includes a large data center built in Texas, but the companies involved have said they want to build infrastructure in other countries and countries. In May, Reported Bloomberg This softbank was struggling to form funding for the project and that it had already been hindered by Trump’s myriad of trade wars.
Foxconn bought the factory in late 2021 from the Lordstown Motors electric boot. At that time, Foxconn Young Liu’s president said his company wanted to develop the site in “Most Important Electric Vehicle and HUB of North America”.
The sale closed in 2022 and, a year later, Lordstown Motors was deposited for bankruptcy. Candidate customers such as Fisker Inc. And California Startup Endiep also fell off.
