Foxconn and SoftBank to make data center equipment in Ohio
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SoftBank is investing $2 billion in Intel
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Staff report Foxconn confirmed Monday that Lordstown will be at the center of its artificial intelligence ambitions. Its chairman, Young Liu, told media outlets that the Taiwanese electronics giant and Japan’s SoftBank are partners in OpenAI’s Stargate Project.
SoftBank announced on Tuesday a $2 billion investment in Intel that will add to the Japanese tech investor's ambitious bet on artificial intelligence and the chip industry.
Though Trump recently called on Tan to resign, citing conflicts of interest, he appeared to change his opinion after meeting the Intel CEO in person. SoftBank is also set to play a major role in the $500-billion Stargate project to develop AI infrastructure in the U.S. with Oracle and OpenAI.
Talk about symbolism. Foxconn chair Young Liu said today that the electronics manufacturer was selling its Lordstown, Ohio, electric vehicle factory to SoftBank, which will use it to make artificial intelligence computer servers.