Foxconn sold its former General Motors factory in Lordstown, Ohio, and its equipment for $375 million to a newly formed entity. Bloomberg identified SoftBank as the buyer, and Foxconn's chairman later confirmed it. Foxconn will run the site for SoftBank and build AI data center equipment there for the Stargate project. The deal The buyer of record was Crescent Dune LLC, a Delaware entity set up 12 days before the sale was disclosed. Foxconn called it an existing business partner and gave no further details. Reports split the $375 million differently: InsideEVs cited about $88 million for land and buildings plus two equipment batches of $257 million and $30 million, while TFL Car cited $88 million and $287 million. Foxconn had bought the plant in 2021 from Lordstown Motors, the electric truck start-up, for about $230 million, as part of an electric vehicle push it has now abandoned at the site. Ownership and roles Foxconn Chairman Young Liu said SoftBank owns 100% of the site and the equipment, while the data center equipment business is a venture owned 50-50 by the two companies. Foxconn continues to operate the plant through that venture. Investment and jobs The Information, as cited by Reuters, reported that SoftBank could spend up to $3 billion to retool the plant for modular data center production. The companies have not confirmed that figure. A local official said in August 2025 that the project could create up to 2,000 jobs.
