Japanese tech conglomerate SoftBank plans to invest $100 billion in the US and create 100,000 jobs in artificial intelligence and technology, President-elect Donald Trump announced Monday with SoftBank CEO Masayoshi Son at Mar-a-Lago. of.
Trump said, “Today, I am pleased to announce that SoftBank will invest $100 billion in America, creating at least 100,000 American jobs.” He said Son was announcing the investment “because he feels very optimistic about our country since the election.”
“This investment will help ensure that artificial intelligence, emerging technologies and other industries of the future are built right here in the United States,” Trump said.
Son said, “I'm very, very excited. I would really like to celebrate President Trump's great victory. And his victory greatly increases my level of confidence in the economy of the United States.”
During his announcement, Trump asked his son to double his investment.
“I'm going to ask him right now, will you make it $200 billion? Believe it or not, he's actually capable of doing that,” Trump said. The son responded, “With your leadership, my partnership, and your support, I will try to accomplish this.”
After Trump's 2016 victory, the two announced their firm invest 50 billion dollars Tokyo-based SoftBank in the US is an investment company that focuses on financial, technology and energy companies.
Trump made the SoftBank announcement in a statement to the press on Monday that turned into extended comments about his economic plans. Trump promised to pass more tax cuts, even bigger than the one he and Congress enacted in 2017. Trump said any company that invests at least $1 billion in the US will be eligible for fully expedited permit approvals, including environmental clearances.
Trump said, “This will be the most exciting and successful period of reform and renewal in all of American history, perhaps in global history, I will call it the Golden Age of America, it has begun.”
Referring to the COVID-19 pandemic that devastated the economy in his first term, Trump expressed hope that there would be no “interfering” issues in his second term.