“MAJOR ECONOMIC WIN”: $100B Investment Makes Headlines Across The Globe
December 17, 2024
Yesterday, President Donald J. Trump joined SoftBank CEO Masayoshi Son to announce the company's $100 billion investment in U.S.-based technology companies — creating 100,000+ new American jobs in Artificial Intelligence and related infrastructure over the next four years.
The massive investment — the "TRUMP EFFECT" following his resounding victory in November — made headlines across the country and world.
Here's what they're saying:
- AP: "...a win for Trump, who has used the weeks since the election to promote his policies, negotiate with foreign leaders and try to strike deals."
- The Washington Post: "Trump's aides were quick to claim the announcement as Trump delivering on campaign promises to revive domestic manufacturing even before taking office."
- Reuters: "President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday that SoftBank would invest $100 billion in the U.S. over the next four years in what would be a boost to the U.S. economy."
- Fox News Radio: "The move is set to bring 100,000 jobs to the country, a major economic win for the incoming administration."
- The New York Times: "The technology company plans to invest $100 billion in U.S. projects, echoing the multibillion-dollar pledge it made after Donald J. Trump’s first election victory in 2016."
- The Wall Street Journal: "Tech investing heavyweight Masayoshi Son offered a gift to President-elect Donald Trump: a pledge to spend $100 billion on artificial intelligence and related technology in the U.S."
- Financial Times: "SoftBank on Monday unveiled plans to invest $100bn and create 100,000 jobs in the US ... Investors hope Trump's plans will boost the world's biggest economy, a bet that has prompted strong inflows into US stocks since November's election and sent equities zooming higher."
- BBC: "With President-elect Donald Trump pitching the US as a great place for business, firms around the world are figuring out how to answer his call."
- The Hill: "President-elect Trump on Monday announced the Japanese company SoftBank Group planned to invest $100 billion in the U.S. over the next four years, touting it as a sign of global confidence in the U.S. following his election victory ... Masayoshi said his confidence in the U.S. economy had 'tremendously increased' following Trump's win last month."
- Bloomberg: "President-elect Donald Trump announced that SoftBank Group Corp. planned to invest $100 billion in the US over the next four years..."
- CNBC: "SoftBank CEO Masayoshi Son announced a $100 billion investment in the U.S. over the next four years during a Monday visit to President-elect Donald Trump's residence Mar-a-Lago in Palm Beach, Florida. The billionaire investor and founder of the Japanese tech-investing firm promised in the joint announcement with Trump to create 100,000 jobs at a minimum focused on artificial intelligence and related infrastructure. The money will be deployed before the end of Trump's term."
- Roll Call: "SoftBank Group intends to spend $100 billion on projects in the United States during his second term, President-elect Donald Trump said Monday, making it the first company to respond to his offer to trade massive investments for expedited permits."
- USA TODAY: "The news comes as Trump promised during the 2024 presidential campaign to bolster the U.S. economy with an eye toward American manufacturing."
- ABC News: "SoftBank will make a $100 billion investment in the U.S. that will create 100,000 jobs focused on artificial intelligence and emerging technologies. SoftBank plans to complete the work before Trump leaves office in 2029."
- VOA: "President-elect Donald Trump and Masayoshi Son, chairman and CEO of the Japanese technology conglomerate SoftBank Group, announced that the company would invest $100 billion in U.S. companies over the coming four years, saying that the infusion of cash would create 100,000 jobs in fields such as artificial intelligence. Son attributed the decision to make the investment directly to Trump's win in last month’s presidential election."
- CNN: "President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced Monday morning at Mar-a-Lago that the company is expected to invest $100 billion in US projects over the next four years with a goal of creating 100,000 new jobs"
- New York Post: "SoftBank will invest at least $100 billion into US tech projects over the next four years."
- Newsweek: "President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced Monday morning in Mar-a-Lago that the multinational venture holding company will invest $100 billion United States projects over the next four years."
- NBC News: "President-elect Donald Trump and the head of the Japanese tech conglomerate SoftBank, Masayoshi Son, announced a $100 billion investment effort designed to spur artificial intelligence and related infrastructure projects."
- NewsNation: "Softbank CEO Masayoshi Son announced a $100 billion investment in the U.S. on Monday. Son appeared with President-elect Donald Trump at a press conference at Mar-a-Lago where he announced the investment, similar to one he made during Trump's first administration."
- Fox Business Network: "President-elect Donald Trump and Softbank CEO Masayoshi Son announced Monday a $100 billion investment in America aimed at generating 100,000 new jobs."
- The Daily Mail: "President-elect Donald Trump touted a $100 billion investment from Japanese-based SoftBank Group alongside CEO Masayoshi Son ... The tech CEO announced the creation of 100,000 U.S. jobs in artificial intelligence and related infrastructure that will boost the economy heading into Trump's second term."
- Yahoo Finance: "SoftBank CEO Masayoshi Son confirmed the company's $100 billion investment in the United States at a press conference alongside US President-elect Donald Trump at the Mar-a-Lago resort on Monday. This venture is expected to generate 100,000 new jobs."
- Spectrum News: "President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the company is investing $100 billion in U.S. projects over the next four years."
- Scripps News: "The Japanese technology giant SoftBank will invest $100 billion in U.S. projects over the next four years."
- The Guardian: "Donald Trump claimed to have notched up the first economic success of his forthcoming second presidency on Monday by announcing a $100bn investment by the Japanese company, SoftBank, which he said would be completed during his four-year presidency."
The groundbreaking announcement is the first of many that will grow out of President Trump's Made in America agenda, which incentivizes companies that make their products in America with American workers.
As executives and investors alike feel renewed economic optimism ahead of President Trump's inauguration, the best is yet to come. On Day One, President Trump will immediately begin implementing bold reforms to restore economic prosperity and make sure emerging technologies are created, built, and grown in the United States.
Under President Trump, the future will be Made in America.