SoftBank Pledges $100 Billion US Investment at Trump Event

SoftBank promised $50 billion during last Trump presidency
SoftBank is stepping up its investments again after troubles

Donald Trump delivers remarks alongside Howard Lutnick, left, and Masayoshi Son at the Mar-a-Lago resort in Palm Beach, Florida, on Dec. 16.Photographer: Andrew Harnik/Getty Images

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By Min-Jeong Lee and Akayla Gardner

December 16, 2024 at 11:42 AM UTC

Updated on

December 17, 2024 at 12:47 AM UTC

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President-elect Donald Trump announced that SoftBank Group Corp. planned to invest $100 billion in the US over the next four years during an event alongside Chief Executive Officer Masayoshi Son on Monday.

“He’s doing this because he feels very optimistic about our country since the election,” Trump said, adding that the pledge represented a “demonstration of confidence in America’s future.”