Trump to announce $100 billion SoftBank investment in US projects

independent.co.uk

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 in the U.S. Trump has emphasized his administration's focus on promoting investments and expediting federal permits for large projects. SoftBank, led by CEO Masayoshi Son, invests in various sectors, including technology and energy. The announcement follows Trump's recent statements about streamlining approvals for major construction and energy projects.


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