SoftBank's Historic $100 Billion Investment in the U.S.
In a significant announcement made at Mar-a-Lago, President-elect Donald Trump revealed that Japanese technology investment firm SoftBank will invest $100 billion in the United States over the next four years. This investment is expected to create at least 100,000 jobs, marking a pivotal moment for the U.S. economy. Trump emphasized the importance of this investment, calling it a "historic" move that will help revitalize the economy and support job growth. He stated, "From day one, we will launch a series of reforms" aimed at reducing regulations and fostering an environment conducive to economic expansion.
SoftBank CEO Masayoshi Son is set to officially unveil the investment plan alongside Trump, further solidifying the partnership between the two entities. The Japanese firm has previously invested heavily in American companies, including a significant stake in T-Mobile and a $2 billion investment in OpenAI, a leader in artificial intelligence. This new commitment follows a prior pledge made by Son in December 2016, when he promised to invest $50 billion in U.S. companies shortly after Trump's first election victory. However, that initial investment had mixed results, highlighted by SoftBank's troubled investment in WeWork, which ultimately filed for bankruptcy in November 2023.
