President-elect Donald Trump is set to join SoftBank Group CEO Masayoshi Son on Monday at his Mar-a-Lago resort in Florida to announce a major investment by the Japanese technology giant. According to sources, SoftBank plans to inject $100 billion into U.S. projects over the next four years, marking a significant boost to the country’s economy.
The announcement, scheduled for 11 a.m., will be Trump’s first press briefing since his election victory last month. While some previous high-profile deals touted by Trump have fallen short of their promises, this move underscores his efforts to promote investment and economic growth ahead of taking office.
Trump has used the post-election period to advocate for his policies, engage with foreign leaders, and strike business agreements. On his Truth Social platform, he pledged to streamline regulatory approvals for significant investments. “Anyone making a $1 billion investment in the U.S. will receive fully expedited approvals and permits, including all environmental approvals,” Trump said, adding, “GET READY TO ROCK!!!”
SoftBank, known for its Vision Funds that invest in global tech companies like Yahoo, Alibaba, and Nvidia, has a history of bold investments. This latest commitment aligns with Trump’s promise to accelerate federal permits for energy and infrastructure projects exceeding $1 billion.
This isn’t the first collaboration between Trump and SoftBank. After Trump’s 2016 election, Son announced plans to invest $50 billion in U.S. startups and create 50,000 jobs, which Trump celebrated as a direct result of his presidency.
Monday’s announcement, first reported by The Wall Street Journal, signals a continuation of Trump’s strategy to secure substantial foreign investments to bolster the U.S. economy before officially taking office.
