SoftBank to invest $100 billion in U.S. projects, Trump announces

dailykos.com

President-elect Donald Trump announced that Japanese company SoftBank will invest $100 billion in U.S. projects over the next four years. This investment is double the $50 billion pledge made by SoftBank in 2016, shortly before Trump's first term. Trump and SoftBank CEO Masayoshi Son made the announcement at Mar-a-Lago, highlighting the investment as a sign of confidence in the U.S. economy. Son expressed excitement about the investment and its potential impact. This announcement follows Trump's recent commitment to expedite federal permits for projects exceeding $1 billion. Previous investments by SoftBank have had mixed results, including significant losses in companies like WeWork.


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