Foxconn, the Taiwanese manufacturing powerhouse also known as Hon Hai Precision Industry Co., is reshaping its U.S. operations with a major pivot toward artificial intelligence. The company announced it will expand AI server production at its facility in Ohio—part of a strategic realignment to support soaring demand from tech giants like Nvidia and Apple.
Hon Hai sell its EV plant in Ohio for $375 million, under an arrangement in which the Taiwanese company aims to shift toward assembling AI servers at the US facility. pic.twitter.com/UNAC6eeTMY
— Ray Wang (@rwang07) August 4, 2025
As part of this shift, Foxconn has agreed to sell its Ohio electric vehicle (EV) plant to Crescent Dune LLC for $375 million. The sale includes both the land and equipment. Despite the transaction, Foxconn will continue operating within the facility, though specific details on how that arrangement will work have not been disclosed.
Originally acquired from Lordstown Motors in 2022, the Ohio site was intended to help Foxconn enter the EV market. However, with momentum in the EV sector slowing and AI infrastructure booming, the company is now focusing its U.S. investments on technology that powers the next generation of computing.
Nvidia, a key Foxconn client, is reportedly planning up to $500 billion in AI infrastructure production in the U.S. over the coming years. That anticipated growth has made AI server assembly a top priority for Foxconn, which is also supporting similar initiatives for Apple.
Foxconn stated that the proceeds from the plant sale will be reinvested into its U.S. operations, signaling a long-term commitment to the American tech landscape. Although further details are pending, the move mirrors a larger trend: global manufacturers are retooling U.S. operations to keep pace with accelerating demand for AI technologies.
