-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueInventing the Future with SEL
Two years after launching its state-of-the-art PCB facility, SEL shares lessons in vision, execution, and innovation, plus insights from industry icons and technology leaders shaping the future of PCB fabrication.
Sales: From Pitch to PO
From the first cold call to finally receiving that first purchase order, the July PCB007 Magazine breaks down some critical parts of the sales stack. To up your sales game, read on!
The Hole Truth: Via Integrity in an HDI World
From the drilled hole to registration across multiple sequential lamination cycles, to the quality of your copper plating, via reliability in an HDI world is becoming an ever-greater challenge. This month we look at “The Hole Truth,” from creating the “perfect” via to how you can assure via quality and reliability, the first time, every time.
- Articles
- Columns
- Links
- Media kit
||| MENU - pcb007 Magazine
Amidst U.S. Strategy Shift, Foxconn Sells Lordstown, Ohio Plant for $88 Million
August 7, 2025 | I-Connect007 Editorial TeamEstimated reading time: Less than a minute
As part of a strategic shift in its U.S. operations, Taiwan-based Foxconn (Hon Hai Precision Industry’s) subsidiaries are selling off assets at its Lordstown, Ohio, facility, the company announced on Aug. 4.
The site, covering 599.6 acres, with a building area of approximately 6.04 million square feet, is being sold to Crescent Dune for $88 million, with an expected disposal gain of around $15.69 million.
The subsidiaries are Foxconn EV Property Development, Foxconn EV Asset Management, and Foxconn EV System. The disposals include land, factory buildings, and machinery, totaling $375 million, with expected gains exceeding $170 million, according to Digitimes.
The other two transactions involve Foxconn EV Asset Management and Foxconn EV System, which are selling machinery and equipment with transaction amounts of $257 million and $30 million, respectively, totaling US$287 million. The company estimates a combined disposal gain of $154 million from these two deals.
Foxconn stated, however, that its North American Model C electric vehicle (EV) is not affected. The company said that with the growing demand for computing power, the company will continue to develop its EV industry while simultaneously focusing on AI development. In the U.S., Foxconn plans to prioritize a dual-track approach, advancing both EVs and AI servers.
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
Ecolab to Acquire Ovivo’s Electronics Ultra-Pure Water Business
08/15/2025 | EcolabEcolab Inc. has entered into a definitive agreement to acquire Ovivo’s Electronics business, a leading and fast-growing global provider of breakthrough ultra-pure water technologies for semiconductor manufacturing.
Eltek Ltd. Reports Strong Second-Quarter 2025 Results
08/14/2025 | PR NewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended June 30, 2025.
Magnachip Semiconductor Announces YJ Kim to Step Down as CEO; Current Board Chairman Camillo Martino Appointed Interim CEO
08/14/2025 | PR NewswireMagnachip Semiconductor Corporation today announced that YJ Kim has agreed to step down as CEO and as a member of the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board of Directors, has also been appointed Interim Chief Executive Officer, effective immediately.
Element Solutions Inc Reports Strong Growth in Second Quarter 2025 Financial Results
08/01/2025 | Element Solutions Inc.Element Solutions Inc, a global and diversified specialty chemicals company, today announced its financial results for the three and six months ended June 30, 2025.
Thanks a Million: STI Electronics Celebrates Creating 1 Million Power Supply Boards for Night Vision Goggles
07/28/2025 | Sandy Gentry, Community MagazineIn an industry where precision and reliability are paramount, STI Electronics Inc. recently celebrated a remarkable milestone: the production of its 1 millionth power supply board for L3Harris Technologies’ state-of-the-art night vision goggles. This achievement not only marks a significant volume for military electronics manufacturing but also highlights the enduring partnership between STI and L3Harris.