Trump, SoftBank Announce $100 Billion US Investment
The investment projects 100,000 new jobs ‘at minimum’ over the next four years.
By Andrew Moran
12/16/2024 Updated: 12/16/2024
SoftBank, a Japanese internet services and telecommunications titan, will invest $100 billion in the United States over the next four years, President-elect Donald Trump announced at his Mar-a-Lago residence on Dec. 16.
The Tokyo-based company will allocate the $100 billion to U.S. projects centered on artificial intelligence (AI) and AI-related infrastructure, such as energy, chips, and data centers. Trump estimated that it will create 100,000 jobs “at minimum” over the next four years.
It aims to complete the investments before Trump finishes his second term in 2029.
“This historic investment is a monumental demonstration [of] confidence in America’s future,” Trump, accompanied by his nominee for commerce secretary, Howard Lutnick, told reporters at a news conference.
“It will help ensure that artificial intelligence, emerging technologies, and other industries of tomorrow are built, created, and grown right here in the USA.”
Masayoshi Son, the founder and CEO of SoftBank, expressed his confidence in the U.S. economy with Trump at the helm.
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READ MORE: https://www.theepochtimes.com/us/trump-softbank-announce-100-billion-us-investment-5777196?ea_src=ai_recommender&ea_med=desktop_news
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