Aug. 18 at 2:16 PM
$NRDE "Foxconn Chairman Young Liu explained that the arrangement with SoftBank has been in preparation for over six months."
"The Stargate project was introduced in January by OpenAI, Oracle, and SoftBank in the presence of U.S. President Donald Trump. Back then, Masayoshi Son, the head of SoftBank, pledged to allocate
$100 billion immediately toward data centers, energy facilities, and related projects. However, progress has slowed due to various factors, including U.S. tariff policy and obstacles to building viable financing models, according to Bloomberg. SoftBank denies that access to funding is a problem."
https://www.tomshardware.com/tech-industry/artificial-intelligence/softbank-acquires-foxconns-ohio-facility-to-build-stargate-ai-servers-usd375-million-deal-says-foxconn-will-continue-to-operate-the-plant