A new partner to Foxconn's AI venture in Lordstown, Japanese investment firm SoftBank, has also announced a $2 billion investment in semiconductor giant Intel.

LORDSTOWN, Ohio (WKBN) — Foxconn on Monday confirmed future plans for the Lordstown plant. Foxconn Chairman Young Liu told reporters on Monday that SoftBank purchased the site and the company, along with Foxconn, will manufacture data center equipment, a company spokesperson confirmed.

SoftBank announced on Tuesday a $2 billion investment in Intel that will add to the Japanese tech investor's ambitious bet on artificial intelligence and the chip industry.

Staff report Foxconn confirmed Monday that Lordstown will be at the center of its artificial intelligence ambitions. Its chairman, Young Liu, told media outlets that the Taiwanese electronics giant and Japan’s SoftBank are partners in OpenAI’s Stargate Project.

Talk about symbolism. Foxconn chair Young Liu said today that the electronics manufacturer was selling its Lordstown, Ohio, electric vehicle factory to SoftBank, which will use it to make artificial intelligence computer servers.