SoftBank CEO Masayoshi Son announced a $100 billion investment in the United States over the next four years during a visit to President-elect Donald Trump’s Mar-a-Lago residence in Palm Beach, Florida, on Monday.
In a joint announcement with Trump, the billionaire investor and founder of the Japanese tech-investing firm pledged the creation of 100,000 jobs in sectors such as artificial intelligence and related infrastructure. The investment is set to be deployed by the end of Trump’s upcoming term.
The funding may draw from multiple SoftBank-controlled sources, including the Vision Fund, capital projects, or chipmaker Arm Holdings, where SoftBank is the majority owner. Some of the funds may not be newly raised and could include previous commitments, such as SoftBank’s recent $1.5 billion investment in OpenAI, the company behind ChatGPT.
This announcement echoes a similar commitment made by Son and Trump in 2016, when SoftBank pledged to invest $50 billion in the U.S. and create 50,000 jobs following Trump’s first presidential victory.
