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.

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),

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,