Masayoshi Son expressed optimism about the U.S. economy under Trump's leadership, despite SoftBank's previous challenges with investments like WeWork. The company plans to fund this pledge through various means, including leveraging its stake in Arm Holdings Plc. The announcement follows a pattern of companies making investment pledges after Trump's election, although it remains unclear how much of SoftBank's commitment represents new investment.
Key takeaways:
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- SoftBank Group Corp. plans to invest $100 billion in the US over the next four years, as announced by President-elect Donald Trump and CEO Masayoshi Son.
- The investment aims to create 100,000 jobs focused on artificial intelligence and related infrastructure, including data centers and semiconductors.
- SoftBank's pledge is the highest-profile commitment by a company to expand investment in the US since Trump's election win.
- There is uncertainty about how much of the SoftBank pledge would be fresh investment, as Son had previously planned a $100 billion chip venture for AI development.