---
title: "Report: SoftBank takes over Hon Hai's electric vehicle factory in Ohio, Masayoshi Son aims to involve the latter in AI investments"
description: "SoftBank Group acquired Hon Hai's electric vehicle factory in Ohio for $375 million, aiming to kickstart a $500 billion data center project with OpenAI and Oracle. This move is part of SoftBank's hope"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/252335053.md"
published_at: "2025-08-09T12:19:30.000Z"
---

# Report: SoftBank takes over Hon Hai's electric vehicle factory in Ohio, Masayoshi Son aims to involve the latter in AI investments

> SoftBank Group acquired Hon Hai's electric vehicle factory in Ohio for $375 million, aiming to kickstart a $500 billion data center project with OpenAI and Oracle. This move is part of SoftBank's hope for Hon Hai to participate in its plans to build AI data centers and infrastructure in the United States

Earlier this week, Hon Hai agreed to sell its electric vehicle factory in Ohio for $375 million, with Japan's SoftBank Group as the buyer behind the deal. SoftBank's move aims to kickstart the $500 billion Stargate data center project in the U.S. in collaboration with OpenAI and Oracle. According to informed sources, SoftBank is trying to involve Hon Hai in its plans to build AI data centers and infrastructure in the U.S., and taking over the Ohio electric vehicle factory is one of the outcomes of this effort. (Bloomberg)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.