Trump and the CEO of Softbank will announce a $100 billion business investment in the United States.
👉On Monday, Softbank CEO Masayoshi Son will visit President-elect Donald Trump’s home in Palm Beach, Florida, Mar-a-Lago, to announce a $100 billion investment in the United States over the next four years.
👉According to the reports, the billionaire investor will also pledge to generate 100,000 jobs in the fields of artificial intelligence and associated infrastructure during the joint event with Trump.
👉The money may come from several Softbank-controlled sources, such as the Vision Fund, capital projects, or chipmaker Arm Holdings, where the company owns a controlling stake.
According to those familiar with the situation, Softbank CEO Masayoshi Son will make an announcement on Monday about a $100 billion investment in the United States over the next four years while visiting President-elect Donald Trump’s home in Palm Beach, Florida, called Mar-a-Lago, as reported by CNBC’s Sara Eisen.
In a joint statement with Trump, the billionaire investor and founder of the Japanese tech-investing firm will also pledge to generate 100,000 employment in the field of artificial intelligence and associated infrastructure, according to the sources. The funds will be used prior to Trump’s tenure ending.
The money may originate from a number of Softbank-controlled sources, such as the Vision Fund, capital projects, or chipmaker Arm Holdings, in which the company owns a controlling stake. Some of the funds may already be revealed, such as Softbank’s recent $1.5 billion investment in OpenAI, the software company that created ChatGPT, while some may not be brand-new.
After Trump was elected president for the first time in 2016, he and his son made a similar announcement: the Japanese company agreed to invest $50 billion in the United States with the goal of creating 50,000 jobs.