Catenaa, Monday, December 30, 2024 – SoftBank CEO Masayoshi Son and former President Donald Trump have revealed plans for a $100 billion investment by the Japanese technology conglomerate in the United States. The announcement was made during a meeting at the Trump Tower in New York City on Tuesday.
The investment will focus on a range of sectors, including artificial intelligence, 5G, and the semiconductor industry. Son highlighted the importance of the U.S. market, citing its innovative spirit and strong business environment.
The deal follows SoftBank’s previous investments in American companies, including Uber and ARM Holdings. This new commitment is seen as a signal of confidence in the U.S. economy, especially under the leadership of the incoming administration, which is expected to foster a more crypto-friendly regulatory environment.
Trump, who is set to begin his second term in office in January, praised the investment, calling it a win for American workers and the economy. The partnership with SoftBank aligns with Trump’s agenda of boosting technological innovation and job creation in the U.S.
The announcement is also expected to provide a significant boost to the technology sector, with SoftBank’s investments expected to create thousands of jobs across various industries. The timing comes as the U.S. economy continues to show resilience, with markets reaching new highs in the wake of Trump’s anticipated pro-business policies.
