Report: SoftBank's Masayoshi Son visits Trump to announce a $100 billion investment in the U.S
CNBC cited sources familiar with the matter, stating that in addition to large-scale investments, Masayoshi Son will also commit to creating 100,000 jobs, which will primarily focus on the construction and development of artificial intelligence and its related industries
On Monday, CNBC cited informed sources stating that SoftBank CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during his visit to Trump’s Mar-a-Lago estate in Palm Beach, Florida.
According to sources, in addition to the massive investment, Son will also commit to creating 100,000 jobs in a joint statement with Trump, with these jobs primarily focused on the construction and development of artificial intelligence and related industries. The funds will be deployed before Trump's term ends.
The report indicates that this funding may come from multiple channels controlled by SoftBank, including the Vision Fund, capital projects, and chip manufacturer Arm Holdings, of which SoftBank is a major shareholder. This funding may not all be newly raised; some may include previously announced investments, such as SoftBank's recent $1.5 billion investment in OpenAI.
This is not the first collaboration between SoftBank and Trump. After Trump was first elected president in 2016, SoftBank pledged to invest $50 billion in the U.S. and create 50,000 jobs