Trump Solidifies Deal With SoftBank, Pledges $100 Billion Investment In US, 100,000 Jobs
Japanese tech giant SoftBank has announced plans to invest $100 billion and create 100,000 jobs in the United States, signaling renewed corporate efforts to align with President-elect Donald Trump’s economic agenda.
Masayoshi Son, SoftBank’s billionaire CEO, stood alongside Trump at Mar-a-Lago on Monday to formally unveil the ambitious plan. Son expressed enthusiasm for the incoming administration, saying, “I would really like to celebrate the great victory of President Trump. I am excited by this investment and hope President Trump will bring peace to the world.”
Trump praised Son as a “brilliant guy,” calling the pledge a “monumental demonstration of confidence in America’s future.” Trump added that the investment would focus on artificial intelligence, emerging technologies, and infrastructure projects, ensuring these industries “are built, created, and grown right here in the USA.”
The plan includes job creation in artificial intelligence and investments in chips and data centers, according to sources familiar with the initiative. Son made a similar pledge in 2016 after Trump’s first election victory, vowing to invest $50 billion and create 50,000 jobs.
The funding this time is expected to leverage SoftBank’s chip design subsidiary, Arm, which is considered a key asset in its Vision Fund portfolio.
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