SoftBank Acquires Foxconn’s Ohio Factory, Fueling AI Expansion in U.S.

Japanese tech giant SoftBank has acquired Foxconn’s Ohio factory for $375 million, marking a significant step towards developing AI infrastructure for its ambitious Stargate project. The acquisition, completed in August 2025, aims to create AI servers and data center hardware, aiming to further solidify U.S. leadership in the rapidly growing field of artificial intelligence. This move could have a ripple effect on crypto markets as increased demand for AI-related technologies is expected.