Foxconn Transfers Ownership of Ohio Factory, Continues to Oversee Artificial Intelligence Server Manufacturing on the Premises
In a strategic move, Foxconn, the Chinese mega-firm, sold its electric vehicle assembly plant in Lordstown, Ohio, to Crescent Dune LLC for approximately $375 million in August 2025. Despite the sale, Foxconn retains long-term occupancy and operational control of the site [1][2][3].
The 6.2 million-square-foot facility is being repurposed from EV assembly towards advanced AI server manufacturing, aiming to serve major clients such as Nvidia and Apple. This move aligns with Foxconn’s strategic pivot toward cloud, computing, and AI infrastructure segments amid rising demand and U.S. reshoring incentives for high-tech manufacturing [4].
Foxconn plans to use the Lordstown facility as part of a larger "Stargate Project," which is envisioned as one of the world’s most advanced AI ecosystems. This project is expected to drive significant job creation and contribute to what is described as ‘America’s re-industrialization.’ The facility will produce cloud computing hardware and server modules intended for AI applications, reinforcing its role in the expanding AI hardware supply chain [4].
The sale of the Lordstown facility to Crescent Dune LLC allows Foxconn to reallocate capital towards faster-growing technology segments, while retaining operational control. The plant, which was initially purchased by Foxconn from Lordstown Motors in 2022, had a history of obstacles to the production of various electric vehicle models under multiple brands [5].
The strategic realignment of Foxconn towards AI hardware assembly reflects a broader industry trend of manufacturers shifting from electric-vehicle initiatives to more predictable, high-margin businesses. The AI server production at the Lordstown facility is expected to involve the assembly of servers for clients like Nvidia and Apple [6].
Ohio, with its rich manufacturing history, ranks No. 1 in reshoring announcements in 2021, with 37 companies totaling 12,423 jobs, according to a report released by Reshoring Initiative [7]. The global pandemic has spurred a national push to strengthen the domestic supply chain, specifically citing the Lordstown facility and Foxconn's planned operations [8].
In the past, Foxconn had intended to manufacture the Fisker Pear at the plant prior to Fisker's bankruptcy. However, the plant's current operation, the Monarch project, resulted in the production of an unknown number of electric tractors, with estimates ranging from 5 to 500 [9][10]. A press release early in the Monarch project indicated that five units were built and shipped [11].
In conclusion, the sale of the Lordstown plant to Crescent Dune LLC marks a new chapter for the facility, transforming it into a major AI server manufacturing hub to supply technology giants like Nvidia and Apple. This move supports U.S. initiatives for advanced technology reshoring and AI ecosystem development.
References: 1. TechCrunch article from Nov. 2024 2. Ohio Tribune Chronicle, Aug. 2025 3. The Verge, Aug. 2025 4. The Information, Aug. 2025 5. Bloomberg, Aug. 2025 6. Reuters, Aug. 2025 7. Reshoring Initiative Report, 2021 8. Ohio Tribune Chronicle, 2021 9. TechCrunch article from Dec. 2023 10. The Drive, Dec. 2023 11. Press Release, Dec. 2023
- Foxconn is transitioning the repurposed Lordstown facility from electric vehicle assembly to advanced AI server manufacturing, with plans to serve major clients such as Nvidia and Apple, aligning with the company's strategic shift towards cloud, computing, and AI infrastructure segments.
- The strategic move towards AI server production at the Lordstown facility is part of Foxconn's larger "Stargate Project," envisioned as one of the world’s most advanced AI ecosystems, reinforcing the facility's role in the expanding AI hardware supply chain and driving significant job creation, contributing to 'America’s re-industrialization.'
