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Foxconn sold its Ohio factory for $88 million but will keep running operations there.
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.
The company plans to reinvest the sale proceeds into expanding its U.S. presence, particularly in electric vehicle production and other manufacturing projects.
This sale-and-leaseback arrangement is aimed at enhancing financial flexibility and efficiency.
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Foxconn vendió su fábrica de Ohio por 88 millones de dólares, pero continuará operando allí.