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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 US 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.
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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.
Inside Aimtron’s Cross-border EMS Strategy
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Tariff Effects and China Subsidies Soften 1Q25 Downturn; Foundry Revenue Decline Narrows to 5.4%
06/09/2025 | TrendForceTrendForce’s latest investigations find that the global foundry industry recorded 1Q25 revenue of US$36.4 billion—a 5.4% QoQ decline. The downturn was softened by last-minute rush orders from clients ahead of the U.S. reciprocal tariff exemption deadline, as well as continued momentum from China’s 2024 consumer subsidy program.
Nordson Reports Q2 Fiscal 2025 Results and Q3 Guidance
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