SoftBank, which has struggled to create a financial plan for Stargate, approached Foxconn to get the Apple supplier on board with its plan to build data centers and related infrastructure throughout the U.S., which led to the sale of the plant, the report said, citing people familiar with the matter.

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.

Earlier this week, Hon Hai Precision Industry, the flagship unit of Foxconn, said it agreed to sell the EV plant to Crescent Dune LLC for $375M without disclosing the company behind the entity. SoftBank is Foxconn’s counterparty in the transaction, the report noted.

SoftBank Group Corp. has reportedly bought a Foxconn plant in Ohio to advance its Stargate data center collaboration with OpenAI. Bloomberg revealed the purchase today. Foxconn, officially Hon Hai Precision Industry Co.

SoftBank is buying Foxconn's electric vehicle plant in Ohio, as it aims to kick-start its $500 billion Stargate data center project with OpenAI and Oracle. Bloomberg's Peter Elstrom joins Caroline Hyde on "Bloomberg Tech.