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SoftBank Soars 10% After Acquiring Foxconn’s Ohio EV Plant for AI Infrastructure Expansion
SoftBank Soars 10% After Acquiring Foxconn’s Ohio EV Plant for AI Infrastructure Expansion
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BTCCSquare news:
SoftBank Group Corp. surged 10.39% to close at 13,865.00 yen following its strategic acquisition of Foxconn’s Ohio electric vehicle plant. The facility will be repurposed for data center operations, marking a critical step in SoftBank’s $500 billion Stargate AI project. This MOVE addresses previous funding hurdles and positions the company to build a nationwide AI infrastructure network.
The Ohio plant’s existing infrastructure allows SoftBank to accelerate its digital expansion while avoiding greenfield construction delays. Market optimism reflects growing institutional bets on AI-driven growth, though no direct cryptocurrency or exchange linkages were identified in the announcement.
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