Trump to Announce $100B SoftBank Investment in U.S. Projects
President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Mar-a-Lago resort in Florida on Monday to announce a major investment initiative. SoftBank plans to invest $100 billion in U.S. projects over the next four years. This announcement marks Trump’s first public address since his election win last month.
Scheduled for 11 a.m., the event will highlight SoftBank’s commitment to boosting U.S. economic growth through significant investments. Trump has a history of announcing high-profile deals, though some past promises, like Foxconn’s $10 billion complex in Wisconsin, were scaled back after the COVID-19 pandemic disrupted plans. Despite this, Monday’s announcement is seen as a victory for Trump, who has spent the weeks since his election promoting policies and negotiating deals with global leaders.
Karoline Leavitt, Trump’s incoming White House press secretary, praised the announcement, calling it a fulfillment of Trump’s campaign promises to attract foreign investments and make the U.S. a global economic powerhouse. “President Trump is not even in the Oval Office yet and he’s already delivering on his promises for the American worker,” Leavitt stated.
Trump has also been vocal about imposing tariffs on Mexico and Canada, which led to high-level discussions with leaders from both countries.
On Tuesday, Trump further emphasized his pro-business stance on his Truth Social platform, declaring that anyone investing $1 billion in the U.S. would receive “fully expedited approvals and permits,” including environmental approvals. “GET READY TO ROCK!!!” he added in the post.
SoftBank, a Japanese tech giant, invests in various companies through its Vision Funds, with a portfolio that includes Yahoo, Alibaba, and Nvidia. Earlier this year, SoftBank teamed up with Saudi Arabia to build a robot factory in Riyadh.
This announcement comes shortly after Trump promised to streamline federal permits for energy and construction projects exceeding $1 billion. In 2016, before taking office, Trump met with Son, who pledged to invest $50 billion in U.S. startups and create 50,000 jobs—an announcement Trump hailed as a direct result of his election victory. However, some of SoftBank’s investments, such as in WeWork, faced difficulties.
While this $100 billion investment promises a boost to U.S. projects, its success will depend on the execution and follow-through.
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