Sources: SoftBank plans to invest up to $3B to remodel an EV plant in Lordstown, Ohio, that will produce equipment for OpenAI's forthcoming US data centers
Sri Muppidi / The Information :
Sources: SoftBank purchased Foxconn's EV plant in Ohio for $375M, a move aimed at kickstarting its $500B Stargate data center project with OpenAI and Oracle
SoftBank Group Corp. is the buyer taking ownership of Foxconn Technology Group's electric vehicle plant in Ohio …
Microsoft backs out of its October 2024 plan to invest $1B in three Ohio data center campuses, the latest in a series of its data center project cancellations
Another data center project bites the dust — Microsoft has backed out of plans to build data centers in Licking County, Ohio.
Waterloo, Ontario-based logistics software company Descartes Systems Group acquires 3Gtms, an Ohio-based transportation software vendor, for $115M in cash
Alex Riehl / BetaKit :
Sources: Intel, the biggest recipient of CHIPS Act money, could get less than $8B, after its Ohio plant delays; the US announced $8.5B for Intel earlier in 2024
The Biden administration is reducing its award to the pioneering chip maker to less than $8 billion, from $8.5 billion.
How Les Wexner, Victoria's Secret billionaire owner, made early investments in Atlantic Crypto, which then turned into CoreWeave, netting him a $720M stake
Forbes : X: @_iainmartin , @_iainmartin , and @hkanji X: Iain Martin / @_iainmartin : A 86-year-old retail billionaire (with a complicated legacy) might be one of the big winners from investing in th...
The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years
Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states
Within3, an Ohio-based collaboration and communication service for the biotech and pharma industries, raises over $100M from Insight Partners and others
Jonathan Shieber / TechCrunch :
A look at the incentives cities offered to Amazon in their HQ2 bids, including an exclusive airport lounge, relocation expenses for employees, and more
BuzzFeed News : Tweets: @tomgara and @dkthomp Tweets: Tom Gara / @tomgara : Among the stuff various cities offered Amazon: zero-interest loans for Amazon employees to buy houses in Boston, a taskforc...