The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

by admin December 17, 2024
December 17, 2024
Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments

President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related infrastructure projects.

The effort, first reported by CNBC, will attempt to create 100,000 jobs over four years.

Trump and Son announced a similar initiative in 2016 after Trump was elected president for the first time, with the Japanese firm agreeing to invest $50 billion in the U.S. with the aim to create 50,000 jobs. It is not clear whether that effort fully paid off, as many of SoftBank’s numerous startup investments in the U.S. and beyond failed to pay off. A 2019 report from Forbes found hard data on the ultimate impact difficult to come by. Axios, however, reports it largely met the marks, at least for a time.

Today, SoftBank is a much smaller company than when Trump first took office nearly a decade ago — and according to Bloomberg News, only has $25 billion in cash on hand, raising questions about how Son and his firm will come up with the pledge money.

A SoftBank representative did not immediately respond to a request for comment.

Son joins the slew of tech titans announcing investments following Trump’s electoral victory. Earlier this month, Amazon and Meta, the parent company of Facebook, each announced $1 million contributions to Trump’s inaugural fund, as have OpenAI CEO Sam Altman and the AI startup Perplexity.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
DP Trading Room: Is Broadcom (AVGO) the New NVIDA (NVDA)?
next post
Former Ozy Media head sentenced to nearly 10 years in prison

Related Posts

U.S. markets close sharply lower — but some...

August 7, 2024

U.S. online stores put up ‘out of stock’...

June 12, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 8, 2025

Balancing a fixed income with inflation, a Georgia...

July 27, 2024

Johnson & Johnson to pay $6.5 billion to...

May 7, 2024

A year after Silicon Valley Bank failed, another...

March 5, 2024

U.S. airlines cool hiring after adding 194,000 employees...

September 9, 2024

Some experts have raised the odds of a...

August 15, 2024

UnitedHealthcare sued by shareholders over reaction to CEO’s...

May 9, 2025

Trump Media stock erases all gains since it...

April 9, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      October 31, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      October 31, 2025
    • Trump’s fire fades on Russia as he pulls troops, avoids pressing Xi on oil

      October 31, 2025
    • GOP lawmaker says backing Cuomo over ‘communist’ Mamdani a ‘no-brainer’

      October 31, 2025
    • Ultra-Orthodox protesters in Jerusalem rally over Israel’s draft exemption as clashes break out

      October 31, 2025
    • GOP blasts Jay Jones over disputed $500K claim, points to record of deception

      October 31, 2025

    Categories

    • Business (1,426)
    • Politics (4,896)
    • Stocks (1,741)
    • Uncategorized (45)
    • World News (1,419)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved