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The Independent UK

National

Elaine Kurtenbach

Why is tech giant SoftBank investing over $100 billion in the US?

SoftBank Masayoshi Son Donald Trump United States SoftBank Group Japan Alibaba Coupang

Trump - (Copyright 2024 The Associated Press. All rights reserved)

Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States over the coming four years.

Trump said the investments in building artificial intelligence infrastructure would create 100,000 jobs, twice the 50,000 promised when Son pledged $50 billion in U.S. investments after Trump's victory in 2016.

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