Trump, SoftBank CEO announce $100 billion US investment
Donald Trump and Masayoshi Son sharing laughs during the press briefing
SoftBank Pledges $100 Billion Investment to Create 100,000 U.S. Jobs Under Trump Presidency
SoftBank Group announced a $100 billion investment plan aimed at creating 100,000 jobs in the U.S., signaling corporate support for President-elect Donald Trump. Masayoshi Son, SoftBank’s CEO, shared the news alongside Trump at Mar-a-Lago, expressing enthusiasm for the administration’s economic policies and global vision.
“This is a monumental demonstration of confidence in America’s future,” Trump stated, emphasizing the focus on AI, emerging technologies, and infrastructure. Son echoed the sentiment, celebrating Trump’s victory and expressing optimism about the planned investments.
SoftBank’s shares surged over 4% following the announcement, which aligns with Son’s strategy to prioritize AI-linked initiatives, including chip production and data centers. While details on funding remain unclear, analysts view this as part of SoftBank’s broader tech-focused agenda.
Trump has vowed to incentivize U.S. investments through tax cuts and deregulation. He also pledged expedited approvals for companies investing $1 billion or more into the economy, spurring optimism among investors and driving U.S. stock market growth post-election.
SoftBank office building in Japan
This isn’t Son’s first significant pledge under Trump’s leadership. In 2016, he promised a $50 billion investment and 50,000 jobs after Trump’s initial election win, funded through the $100 billion Vision Fund. That fund, backed by Saudi Arabia, supported U.S. tech giants like Uber and WeWork, though the exact job creation impact remains uncertain.
This latest investment is expected to leverage Arm, SoftBank’s chip design subsidiary, to expand AI initiatives and drive job creation. Analysts suggest the move complements SoftBank’s existing plans while fostering goodwill with the Trump administration.
Trump’s economic approach has been well-received by many corporations, although concerns about potential tariffs, immigration crackdowns, and manufacturing incentives rollback persist. Despite these challenges, SoftBank’s latest pledge underscores the growing confidence in the U.S. economy under Trump’s leadership.
