Taiwan's Foxconn has finalised a deal to sell a former car factory in Lordstown, Ohio, for $375m, which includes the facility's machinery, according to a report by Reuters.

Despite the sale, Foxconn plans to continue operations at the site, focusing on a broader range of products that align with its strategic priorities.

The company, known for manufacturing data centre products for Nvidia and assembling iPhones for Apple, did not specify the exact products to be produced at the plant.

However, it noted that its cloud and networking product business has experienced "significant growth."

A source familiar with the situation informed Reuters that the Ohio facility is expected to support artificial intelligence (AI) data centres.

The site spans over six million square feet, making it six times larger than a plant Foxconn is currently constructing in Houston for the production of Nvidia's GB300 AI servers.

Foxconn acquired the Lordstown plant, previously a General Motors small-car factory, in 2022 for $230m from the now-bankrupt US electric vehicle startup Lordstown Motors Corp, as part of its strategy to expand into the electric vehicle sector.

In 2022, the company began pre-production at the Lordstown Motors plant and had initially invested in the facility to produce electric pickup trucks in collaboration with Lordstown.

However, the partnership deteriorated, leading to Lordstown Motors' bankruptcy and subsequent legal action against Foxconn.

In its announcement, Foxconn stated that it sold the factory to an "existing business partner," but did not provide additional information.

The company reaffirmed its commitment to automotive customers in the US, indicating its capability to quickly scale up automotive production to meet demand when necessary.

Foxconn's recent activities reflect its ongoing expansion beyond its traditional role as an iPhone assembler.

Last week, the company announced a strategic partnership with industrial motor manufacturer TECO Electric & Machinery to develop data centres.

In June 2025, Elektrobit signed a joint development agreement with Foxconn to create EV.OS, a new AI-centric software platform intended to support software-defined electric vehicles.