SoftBank Commits to a $100 Billion Investment in the U.S.
In a significant move for the U.S. economy, President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced a major investment plan on Monday. SoftBank will invest $100 billion in the U.S. over the next four years. The aim of the investment is to create jobs and stimulate economic growth by focusing particularly on artificial intelligence (AI) and infrastructure development.
The announcement was made at a patriotic event held at Trump's Mar-a-Lago club in Palm Beach, Florida. Trump stated that this investment demonstrates "monumental confidence in America's future." He also emphasized that the investment has the potential to create 100,000 jobs, aligning with the commitment to strengthen the U.S. economy and mitigate the impacts of inflation.
Trump praised Masayoshi Son as "one of the most successful business leaders of our time" and highlighted the importance of the planned investment in relation to the second term that will begin on January 20. The distribution of funds is expected to be completed before the end of Trump's term, indicating a swift and effective influx of capital into the U.S. economy.