Japanese technology conglomerate SoftBank plans to invest $100 billion in the United States and create 100,000 jobs in artificial intelligence and technology, President-elect Donald Trump announced Monday at Mar-a-Lago alongside SoftBank CEO Masayoshi Son.
“Today, I’m excited to announce that SoftBank will invest $100 billion in America, creating a minimum of 100,000 American jobs,” Trump said, adding that Son was announcing the investment “because he feels very optimistic about to our country since the elections”.
This investment “will help ensure that the artificial intelligence, emerging technologies and other industries of tomorrow are built, created right here in the United States,” Trump said.
“I’m very, very excited,” Son said. “I would really like to celebrate President Trump’s big victory. And my level of confidence in the United States economy has increased significantly with his victory.”
During their announcement, Trump asked Son to double the investment.
“I’m going to ask him now: Are you going to make $200 billion, believe it or not, he can actually afford it,” Trump said. Son responded: “With your leadership, partnership and support, I will try to achieve this. »
After Trump’s victory in 2016, the two announced that his company would invest 50 billion dollars In the United States, Tokyo-based SoftBank is an investment firm that focuses on financial, technology and energy companies.
Trump made the SoftBank announcement Monday in a press statement that devolved into extensive remarks about his economic plans. Trump has pledged to make more tax cuts, even beyond those he and Congress passed in 2017. Trump has said that any company that invests at least $1 billion in the United States will be eligible for fully expedited permit approvals, including environmental approvals, Trump said.
“This will be the most exciting and successful period of reform and renewal in all of American history, perhaps in world history, America’s Golden Age, I call it, it has begun,” Trump said.
Trump expressed hope that there would be no “intermediate” problems during his second term, mentioning the COVID-19 pandemic that ravaged the economy during his first term.
