SoftBank Group Corp is acquiring Foxconn’s electric vehicle plant in Ohio to launch its Stargate data center project, part of a $500 billion investment for AI infrastructure announced by U.S. President Trump. SoftBank approached Foxconn to help build data centers in the U.S., with the Ohio site potentially hosting a data center.

The Stargate Project, funded by SoftBank, OpenAI, and Oracle, is expected to create over 100,000 jobs in the U.S. The deal between SoftBank and Foxconn aims to bolster the infrastructure for the project, with the Ohio plant potentially playing a key role in hosting a data center. SoftBank declined to comment, while Foxconn has not responded to requests for comment.

Read more at Yahoo Finance: SoftBank buys Foxconn’s Ohio plant to advance Stargate AI push, Bloomberg News reports