M&A Deal Summary

SoftBank Acquires Foxconn Technology - Electric Vehicle Plant

On August 8, 2025, SoftBank acquired automotive company Foxconn Technology - Electric Vehicle Plant from Foxconn Technology Group

Acquisition Highlights
  • This is SoftBank’s 1st transaction in the Automotive sector.
  • This is SoftBank’s 14th transaction in the United States.
  • This is SoftBank’s 1st transaction in Ohio.

M&A Deal Summary

Date 2025-08-08
Target Foxconn Technology - Electric Vehicle Plant
Sector Automotive
Buyer(s) SoftBank
Sellers(s) Foxconn Technology Group
Deal Type Divestiture

Target

Foxconn Technology - Electric Vehicle Plant

Ohio, United States
Foxconn Technology's Electric Vehicle Plant offers contract manufacturing services for electric vehicles and related components. Foxconn Technology's Electric Vehicle Plant is based in Ohio.

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Buyer(S) 1

Buyer

SoftBank

Tokyo, Japan

Category Company
Founded 1981
Sector Diversified
Employees67,229
Revenue 7.24T JPY (2025)
DESCRIPTION

SoftBank is a diversified telecommunications and internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, broadmedia, technology services, finance, media and marketing, and other businesses. SoftBank was founded in 1981 and is based in Tokyo, Japan.


DEAL STATS #
Overall 29 of 30
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 4 of 5
State: Ohio M&A 1 of 1
Country: United States M&A 14 of 14
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-20 Ampere Computing

Santa Clara, California, United States

Ampere Computing is a semiconductor company that built for the cloud with a modern 64-bit Arm server-based architecture, Ampere gives customers the freedom to accelerate the delivery of all cloud computing applications. Ampere processors are tailored for the continued growth of cloud and edge computing. Ampere Computing was founded in 2018 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-08 ABB ’s Robotics Business

Zurich, Switzerland

ABB Ltd’s Robotics Business is focused on the development, manufacture, and sale of industrial robots.

Buy $5.4B

Seller(S) 1

SELLER

Foxconn Technology Group

New Taipei City, Taiwan

Category Company
Founded 1974
Sector Manufacturing
Revenue 6.86T TWD (2024)
DESCRIPTION

Foxconn Technology Group is a global contract technology manufacturer. The Company joint-designs, joint-developes, manufactures, assembles and provides after-sales services to global Computer, Communication and Consumer-electronics leaders. Foxconn Technology Group was established in 1974 and is based in New Taipei City, Taiwan.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-26 SMART Technologies

Calgary, Alberta, Canada

SMART Technologies, Inc. is a provider of interactive display ICT products with products including interactive whiteboards, voting devices, pen displays and associated software such as classroom management and web conferencing software. SMART's products are sold to schools worldwide for use in classrooms, and increasingly to government departments and businesses for use in meeting rooms.

Buy -