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Japan tech giant SoftBank’s $1B investment in U.S. to create 100K jobs, Trump says

By surer cha

December 17, 2024December 17, 2024

0 minutes, 58 seconds Read

President-elect Donald Trump, 78 (L), said the investment announced Monday by SoftBank

President-elect Donald Trump, 78 (L), said the investment announced Monday by SoftBank “will help insure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created right here” in the United States. File Photo by Joe Marino/UPI | License Photo

Dec. 16 (UPI) — President-elect Donald Trump announced Monday that a Japanese tech conglomerate will make a multi-billion dollar investment in the United States and said it will create scores of new jobs in artificial intelligence technology.

“Today, I am thrilled to announce that SoftBank will be investing $100 billion in America, creating 100,000 American jobs at a minimum,” Trump read from a statement at his Florida estate alongside SoftBank CEO Masayoshi Son.

The investment will extend over the next four years, according to information released on Monday.

During his extended remarks about the SoftBank investment, Trump also pledged to make tax cuts beyond his 2017 round and that any company investing more than $1 billion will be eligible for fully expedited permit approvals, 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