News Summary

• SoftBank wants to use the factory to build AI servers as part of the Stargate project.
• It's unclear what this means for Monarch Tractor, a California-based startup that develops electric and autonomous farm equipment.
• Monarch was the lone customer of Foxconn’s contract manufacturing operation at the Ohio factory.Foxconn bought the factory in late 2021 from electric vehicle startup Lordstown Motors.
• The sale closed in 2022 and, one year later, Lordtown Motors filed for bankruptcy.
• Prospective customers like Fisker Inc. and California startup IndiEV also went out of business.