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flag Foxconn sold its Ohio factory for $88 million but will keep running operations there.

flag Taiwanese tech giant Foxconn has sold its Lordstown, Ohio factory to an existing business partner for $88 million but will continue operations at the site. flag The company plans to reinvest the sale proceeds into expanding its U.S. presence, particularly in electric vehicle production and other manufacturing projects. flag This sale-and-leaseback arrangement is aimed at enhancing financial flexibility and efficiency.

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