TAIPEI (Reuters) - Foxconn said on Aug. 18 it plans to manufacture data center equipment with Japan's SoftBank at the Taiwanese firm's former electric vehicle factory in Ohio, part of the Stargate project to advance U.S. artificial intelligence infrastructure.

The deal between SoftBank and Intel would involve the creation of roughly 87 million new shares, adding an incremental 2% to Intel’s overall share count. Reitzes believes the transaction will happen before the end of the year.