President-elect Donald Trump and SoftBank CEO Masayoshi Son will announce a $100 billion investment in U.S. projects over four years during an event at Trump’s Mar-a-Lago resort. This will be Trump’s first press conference since his election victory.
SoftBank, a Japanese tech giant, manages investments in companies such as Yahoo, Alibaba, and Nvidia through its Vision Funds. The announcement follows Trump’s recent pledge to fast-track federal permits for projects worth over $1 billion, including environmental approvals.
Trump posted on Truth Social, “Anyone making a $1 billion investment in the United States will receive fully expedited approvals… GET READY TO ROCK!!!”
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