Foxconn said on Monday it plans to manufacture data centre equipment with Japan's SoftBank at the Taiwanese firm's former electric vehicle factory in Ohio, part of the Stargate project to advance U.S.

Hon Hai Precision Industry Co. will operate a US factory owned by SoftBank Group Corp., setting up what’s in the running to be the first manufacturing site in the Japanese company’s $500 billion Stargate venture with OpenAI and Oracle Corp.

Foxconn has sold its Lordstown, Ohio, factory to SoftBank but will keep operating it as an AI server hub for the $500 billion Stargate project.