Trump announces $100 billion SoftBank investment in U.S. projects

abcnews.go.com

President-elect Donald Trump will announce a $100 billion investment by SoftBank in U.S. projects over the next four years. The announcement will take place at his Mar-a-Lago resort in Florida, marking his first press conference since winning the election. This investment is a significant increase from SoftBank's previous commitment of $50 billion in 2016, which aimed to create 50,000 jobs. Trump has emphasized his administration's focus on attracting foreign investments and expediting federal permits for large projects. SoftBank, led by CEO Masayoshi Son, invests in various sectors, including technology and retail. The company is known for its Vision Funds, which include major investments in companies like Alibaba and Nvidia.


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