- SoftBank will invest $100 billion in the U.S. over the next four years.
- The plan promises 100,000 new jobs, boosting opportunities in essential industries.
- CEO Masayoshi Son credits Trump’s administration for economic optimism.
SoftBank CEO Masayoshi Son and President-elect Donald Trump revealed plans on Monday for a $100 billion venture in the United States. This fundraising effort is expected to create 100K jobs over the next four years, which Son attributed to Trump’s direction and win. Son expressed his optimism about America’s funding future, saying his victory boosted his confidence to commit to the massive pledge.
During the event, Son points out that this announcement echoes SoftBank’s 2016 promise to invest $50B and create 50,000 jobs.
SoftBank’s Bold History in Investments
Masayoshi Son founded SoftBank in the 1980s and turned it into a global force by investing in technology and innovation. The operation focuses on areas like artificial intelligence, renewable energy, and Silicon Valley start-ups, which have driven much of its expansion.
Son’s history reflects a pattern of taking risks to fuel growth. While studying at the University of California, Berkeley, he invented a pocket translator that he sold to Sharp Corp. for $1 million. Later, SoftBank acquired Sprint Nextel Corp. in 2012 for $20 billion, marking Japan’s largest foreign investment at the time.
Some of Son’s ventures have faced setbacks, including the $18.5 billion loss following SoftBank’s ownership stake in WeWork and the failure of robot pizza company Zume. Despite these challenges, Son’s ability to adapt has kept SoftBank at the forefront of global technology investments.
Trump’s Policies and Economic Promises
Donald’s economic plans aim to attract foreign businesses and create job opportunities in the United States. His focus includes renegotiating trade agreements and reducing dependency on foreign markets. These policies are intended to benefit companies like SoftBank looking for stability and growth in the U.S. market.
While the announcement signals progress, many question whether these promises will materialize. Some projects celebrated during Trump’s first term faced delays, and others were already underway before public announcements.
SoftBank’s pledge reflects confidence in U.S. growth industries like technology and artificial intelligence. With Trump’s economic vision taking shape, the deal presents an opportunity to strengthen innovation and job creation.
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