OAN Staff Brooke Mallory
11:25 AM – Tuesday, December 17, 2024
President-elect Donald Trump and SoftBank CEO Masayoshi Son said on Monday at Mar-a-Lago that the Japanese tech giant SoftBank intends to invest $100 billion in the United States, generating at least 100,000 jobs in the fields of technology and artificial intelligence (AI).
“Today, I am thrilled to announce that SoftBank will be investing $100 billion [in] America, creating 100,000 American jobs at a minimum,” Trump said, adding that Son was announcing the investment “because he feels very optimistic about our country since the election.”
This “will help ensure that artificial intelligence, emerging technologies, and other industries of tomorrow are built, created right here in the U.S.A.,” Trump noted.
“I’m very, very excited,” Son added. “I would really like to celebrate the great victory of President Trump. And my confidence level to the economy of the United States has tremendously increased with his victory.”
Trump then requested that Son double the investment during their announcement.
“I’m going to ask him right now, will you make it $200 billion? Believe it or not, he can actually afford to do that,” Trump continued.
Son responded by saying, “With your leadership and my partnership and your support, I will try to make it happen.”
Following Trump’s victory in 2016, the two men declared that his company will invest $50 billion in the United States. SoftBank, a Tokyo-based investment corporation, specializes in energy, tech, and financial companies. The CEO is a Trump supporter and loyalist.
Trump announced the SoftBank news on Monday in a press conference that evolved into lengthy comments about his economic agenda. According to Trump, companies investing $1 billion or more in the United States will be entitled for expedited permit processes, including environmental approvals.
“This will be the most exciting and successful period of reform and renewal in all of American history, maybe of global history, the golden age of America, I call it, it’s begun,” Trump declared.
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