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Ohio, Foxconn and SoftBank

SoftBank Buys Foxconn’s Ohio Plant to Boost Stargate AI Push

SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group’s electric vehicle plant in Ohio, a move aimed at kick-starting the Japanese company’s $500 billion Stargate data center project with OpenAI and Oracle Corp.

Seeking Alpha on MSN · 15h

SoftBank acquires Foxconn’s Ohio EV facility to potentially boost Stargate project

SoftBank Group (OTCPK:SFTBY) (OTCPK:SFTBF) is the buyer taking ownership of Foxconn Technology's (OTCPK:FXCOF) electric vehicle plant in Ohio, a move intended to jump-start the company’s $500B Stargate data center project with OpenAI and Oracle (NYSE:ORCL),

Reuters on MSN · 15h

SoftBank buys Foxconn's Ohio plant to advance Stargate AI push, Bloomberg News reports

U.S. President Donald Trump in January announced Stargate, a private sector investment of up to $500 billion for AI infrastructure, funded by SoftBank, OpenAI and Oracle. SoftBank, which has struggled to create a financial plan for Stargate,

SoftBank Group Shares Surge

Reuters on MSN · 1d

SoftBank Group swings to profit in first quarter, Stargate timeline delayed

Japanese technology investor SoftBank Group on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio.

Wall Street Journal · 19h

SoftBank Group Posts Quarterly Profit as AI Bet Pays Off

The Japanese technology investment company recorded a first-quarter net profit thanks partly to a recovery in its tech funds business.

MarketWatch · 1d

SoftBank Group Shares Surge After Quarterly Profit Beat

SoftBank Group shares rose to a record intraday high after a better-than-expected first-quarter profit, mainly due to a recovery in its tech funds business. Shares were last up 13% at 14,135 yen, a record intraday high,

Network World14h

Stargate’s slow start reveals the real bottlenecks in scaling AI infrastructure

SoftBank’s CFO confirms delays in the Stargate AI initiative, exposing the critical role of land, energy, and stakeholder ...

11hon MSN

SoftBank, Meta make strides in data center push with purchase of EV plant, financing plans

Tech companies are racing to build powerful data centers across the nation, especially as President Trump calls for increased ...

The Register on MSN1d

$500 billion Stargate AI infrastructure project struggles to get off the drawing board

The $500 billion Stargate project that aims to build a network of AI datacenters around the globe is off to a slow start, but ...

1don MSN

SoftBank shares surge to record after optimism for AI prospects boosted Q1 earnings

Shares in SoftBank Group jumped more than 13% to a record high on Friday morning in a show of investor support for the ...

2don MSN

SoftBank Shares Depend on AI More Than Ever After $65 Billion Rally

After adding more than $65 billion in market value over the past four months, the fate of SoftBank Group Corp. shares is more firmly attached to the global artificial intelligence boom than ever ...

DatacenterDynamics2d

SoftBank buys additional shares in Oracle and TSMC, increases investment in Nvidia to $3bn

Back in 2019, SoftBank’s Vision Fund sold its entire 4.9 percent stake in Nvidia for $3.3bn, making a $2.6bn profit. If the ...

SoftBank’s profit rebounds on AI stocks

($2.9 billion) profit in the April-June quarter, rebounding from a loss a year earlier as its investments benefited from the ...

4don MSN

SoftBank Stakes in Nvidia, TSMC Show Son’s Focus on AI Gear

SoftBank Group Corp. is building up stakes in Nvidia Corp. and Taiwan Semiconductor Manufacturing Co., the latest reflection ...

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