Japanese tech-investing firm SoftBank reportedly will invest $100 billion in the United States over the next four years.
SoftBank CEO Masayoshi Son will announce the massive investment during a Monday visit to Mar-a-Lago.
According to reports, the investment will focus on artificial intelligence and related infrastructure.
An individual familiar with the announcement told The Wall Street Journal the investment will result in 100,000 jobs over the next four years.
BREAKING: SoftBank’s CEO to announce a $100 billion U.S. investment with President-elect Trump today, aiming to create 100,000 jobs, according to CNBC. pic.twitter.com/oO8q17xepK
— Benny Johnson (@bennyjohnson) December 16, 2024
BREAKING: Softbank CEO Masa Son is reportedly visiting the US today to announce a $100 billion investment with President- elect Trump, per CNBC.
The investment will be focused around building out AI and aims to create 100,000 jobs in the US. pic.twitter.com/gqUqjAc2sU
— The Kobeissi Letter (@KobeissiLetter) December 16, 2024
Per CNBC:
The funding could come from various sources controlled by Softbank, including the Vision Fund, capital projects or chipmaker Arm Holdings, where the firm is majority owner. Some of the money will not necessarily be newly raised, but could include some funding already announced such as Softbank’s recent $1.5 billion investment in OpenAI, the tech firm behind chatbot ChatGPT.
ADVERTISEMENTSoftbank’s Son and Trump made a similar announcement in 2016 after Trump was elected president for the first time, with the Japanese firm agreeing to invest $50 billion in the U.S. with the aim to create 50,000 jobs.
Trump, SoftBank CEO to Announce $100 Billion Investment in U.S.https://t.co/CA8o2veZ6d
— zerohedge (@zerohedge) December 16, 2024
Trump previously made an offer to any individual or company that invests at least $1 billion into the United States economy.
“Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals. GET READY TO ROCK!!!” Trump said.
From the Associated Press:
President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company is planning to invest $100 billion in U.S. projects over the next four years.
That’s according to a person familiar with the plans who spoke on condition of anonymity before the planned announcement. Trump is set to speak at his Mar-a-Lago resort at 11 a.m., marking the first time he will address reporters since he won the election last month.
Japanese technology group SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
The company’s investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia. The announcement will come days after Trump vowed to expedite federal permits for energy projects and other construction worth more than $1 billion.
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