SoftBank Group Corp. said it’s taking longer than anticipated to get Stargate off the ground, conceding for the first time that the $500 billion artificial intelligence tie-up in the US with OpenAI is bogging down.

Foxconn spent years promising electric vehicles would be built at the former Chevy Cruze factory. Now it will make AI servers.

Earlier this week, Hon Hai Precision Industry, the flagship unit of Foxconn, said it agreed to sell the EV plant to Crescent Dune LLC for $375M without disclosing the company behind the entity. SoftBank is Foxconn’s counterparty in the transaction, the report noted.