Trump and SoftBank: A Multi-Billion Dollar Trust in the Future of America
- This investment is seen as a vote of confidence in the future Trump administration.
- SoftBank invests 100 billion dollars in the USA, which is expected to create 100,000 jobs.
Eulerpool News·
The USA is facing a groundbreaking investment from SoftBank, which channels a total of 100 billion dollars into the country. This initiative aims to create 100,000 new jobs, which is considered a major success for the future Trump administration.
In a press conference at his Mar-a-Lago residence, Donald Trump praised SoftBank CEO Masayoshi Son’s decision as a historic vote of confidence in America’s future. The designated US President emphasized the importance of developing and expanding forward-looking technologies like artificial intelligence within the USA.
Masayoshi Son emphasized on this occasion his belief in the US economy, which was strengthened by Trump’s election victory. Even before Trump’s first term, the Japanese holding company SoftBank had promised an investment of nearly the same magnitude. This was done through the Vision Fund, which is significantly financed by sovereign wealth funds from Saudi Arabia and the United Arab Emirates.
Son is known for his successful investments in companies like Alibaba and Yahoo but has also invested in problematic projects like WeWork. His vision of artificial superintelligence, which is to become a reality in a decade, promises new innovations and investment opportunities.
Recently, SoftBank reported a significant net profit in the second quarter, following losses at the beginning of the year. In March, it was also announced that the company is ready with 26 billion dollars for new investments.
Stephen Moore, Trump’s economic adviser, described the announcement as a significant success for the USA. The influx of capital from abroad is considered a positive signal for future jobs and prosperity. Trump had promised during the election campaign to boost the US economy by reducing bureaucratic hurdles and investments, also in the oil and gas sector.
The US financial markets reacted positively to Trump’s election victory, which was reflected, among other things, in record highs for the Nasdaq Composite Index and the S&P 500. ![](https://cdn.eulerpool.com/images/data-analytics/better.jpg)
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