In a high-profile announcement at Mar-a-Lago in Palm Beach, Florida, SoftBank CEO Masayoshi Son joined President-elect Donald Trump to unveil plans for a massive $100 billion investment in U.S. projects over the next four years.
The Japanese tech investment giant aims to create at least 100,000 new jobs, with a focus on artificial intelligence and infrastructure development. The investment commitment represents a doubling of SoftBank's previous $50 billion pledge made during Trump's first presidential victory in 2016.
"My confidence level in the U.S. economy has tremendously increased with his victory," Son declared during the joint announcement. "President Trump is a double down president. I'm going to have to double down."
The funding is expected to come from various SoftBank-controlled sources, including the Vision Fund, capital projects, and chipmaker Arm Holdings. Some portion may include previously announced investments, such as the company's recent $1.5 billion stake in OpenAI.
Trump praised the announcement as a testament to growing business confidence, stating that since his election, numerous parties have expressed interest in making substantial U.S. investments.
However, questions remain about the specifics of funding sources, as Bloomberg News reports SoftBank currently holds approximately $25 billion in cash reserves. The company's previous investment track record has been mixed, with some high-profile setbacks including significant losses from its WeWork investment.
The announcement follows a pattern of major tech industry commitments in the wake of Trump's election victory, with companies like Amazon and Meta also recently pledging inaugural fund contributions.
This latest investment plan is set to be implemented before the end of Trump's prospective term, marking what both parties describe as a major vote of confidence in America's technological future.