SoftBank chief Masayoshi Son to promise $100B investments during visit to Trump – report
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Japanese billionaire and tech investor—Masayoshi Son—the CEO of SoftBank (OTCPK:SFTBY) is reportedly planning to announce a significant investment of $100 billion in the United States during an upcoming meeting with former President Donald Trump, CNBC reported on Monday early hours.
The meeting will take place at President-elect Donald Trump’s residence, Mar-a-Lago, in Palm Beach, Florida.
The billionaire investor and tech enthusiast will also promise to create 100,000 jobs in artificial intelligence and related infrastructure, the report said.
The money will be deployed before the end of Trump’s term and may come from a number of sources, like SoftBank (OTCPK:SFTBY)-controlled Vision Fund or chipmaker Arm Holdings (NASDAQ:ARM).
Earlier, in 2016, when Masayoshi Son met with Trump, they made a similar announcement after Trump was elected president for the first time, and Son said he would invest $50 billion and bring 50,000 jobs to the country.
On Friday, Apple (AAPL) chief executive Tim Cook dined with Donald Trump at Mar-a-Lago. Tech leaders across the globe are shaking hands with the new president-elect, as Big Tech looks to improve ties.