SoftBank plans to invest at least $100 billion in U.S. high-tech projects over the next four years, CEO Masayoshi Son and President-elect Donald Trump said Monday at a press conference at the Mar-a-Lago resort in Florida. jointly revealed.
President Trump, who has received significant support from the tech industry ahead of the 2024 election, said a major commitment from SoftBank would create 100,000 jobs in the U.S. economy. Investments are expected to focus on artificial intelligence projects and the associated infrastructure needed to advance them.
“This historic investment is a monumental demonstration of confidence in America's future and will help ensure that artificial intelligence, emerging technologies, and other industries of tomorrow are created and grown right here in the United States,” President Trump said. Deaf,” he said.
During the press conference, Trump playfully urged Son to increase his investment to $200 billion. Son responded, “We will make efforts to make this a reality.''
The announcement marks the second time Trump and Son have collaborated on a major investment commitment. In 2016, SoftBank agreed to spend $50 billion in the United States and said it would create 50,000 new jobs.
“His victory has significantly increased my confidence in the U.S. economy,” Son said. “President Trump is a double president. I'm going to have to double down.”
First reported by CNBC About the $100 billion promise.
The announcement comes days after President Trump teased big perks for investors pouring money into the United States.
“Individuals or companies investing $1 billion or more in the United States will receive full expedited approvals and permits, including but not limited to all environmental approvals. Get ready to rock! Trump wrote on Truth Social last Tuesday.
It was not immediately clear how SoftBank would fund the planned investment. The Japanese investment giant had about $29 billion in cash and cash equivalents on hand at the end of September, according to regulatory filings.
According to CNBC, the money may come from SoftBank-affiliated companies such as the Vision Fund and computer chip maker Arm Holdings.
“He's not even in the Oval Office yet, but he's already delivering on his promises to American workers,” said Caroline Levitt, who will be President Trump's press secretary.
with post wire
