Foxconn sold its Lordstown, Ohio EV assembly plant for $375 million to Crescent Dune LLC, retaining operational control under a long-term lease as it repurposes the facility for AI server manufacturing for clients like Nvidia and Apple. The move aligns with U.S. reshoring goals for advanced AI hardware production.

Foxconn Technology Group sold its Lordstown, Ohio plant to Crescent Dune LLC but will continue operations there, reinvesting proceeds into U.S. operations. The company reported a 15.82% annual rise in second-trimester earnings.

Foxconn sold its former GM factory in Wisconsin after failing to produce electric vehicles there, marking a second major failure in its efforts to revive U.S. manufacturing. The sale, valued at $375 million, was to Crescent Dune LLC, a newly formed Delaware entity. Foxconn plans to repurpose the facility for AI servers, while three EV startups that had planned to use the factory went bankrupt.

Foxconn announced the sale of its Lordstown manufacturing facility to Crescent Dune LLC for $88 million, with plans to continue operating the plant. The transaction, part of Foxconn's strategy to reposition the site for future growth, includes $375 million in total proceeds. The sale is linked to Foxconn's expansion into AI server data centers and partnerships with companies like TECO Electric & Machinery.

Foxconn Technology Co., Ltd. sold its former car factory in Lordstown, Ohio, for $375 million to shift focus toward data centers, while retaining the site for broader product manufacturing. The plant, previously used for electric vehicles, will now support AI data centers and cloud networking, with Foxconn also forming a partnership with TECO Electric & Machinery to build data centers.