Masayoshi Son and President-elect Donald Trump have announced that SoftBank Group will invest $100 billion in U.S. projects over the next four years, aiming to create 100,000 jobs.
The investment doubles a previous promise of $50 billion and 50,000 jobs made by Son after Trump’s 2016 election victory. Son, founder and CEO of SoftBank, has made many investments in Silicon Valley, in startups, and major companies like Arm and Alibaba.
“My confidence in the U.S. economy has tremendously increased with his victory,” Son stated, following the announcement.
“He’s doing this because he feels very optimistic about our country since the election,” Trump remarked. “This historic investment is a monumental demonstration confidence in America’s future, and it will help ensure that artificial intelligence, emerging technologies, and other industries of tomorrow are being created and grown right here in the USA.”
Japan’s Trade and Industry minister, Yoji Muto stated, “Generally speaking, I believe expansion of investment through steady accumulation of efforts between Japanese and U.S. companies would help further strengthen Japan-U.S. economic ties, so I find it delightful.”
While the recent stock market and AI trends have boosted asset values, it’s uncertain if the investments will generate the anticipated number of jobs.
By CEO NA Editorial Staff
