Directed by Steven Bognar and Julia Reichert, the movie tells the story of a Chinese company's factory in the state of Ohio and its employees.
Meanwhile, Toy Story 4 and Hair Love have won Oscars for best-animated feature film and best animated short film respectively.
The best original screenplay Oscar has been awarded to South Korean director Bong Joon-ho for Parasite and the Oscar for best-adapted screenplay has been given to Taika Waititi for Jojo Rabbit.
The 92nd Academy Awards ceremony is currently taking place at the Dolby Theatre in Hollywood.