SoftBank Will Invest $100 Billion in U.S. Under Trump
CEO Masayoshi Son even said he will try to bump it up to $200 billion!
SoftBank Group CEO Masayoshi Son announced the company will invest $100 billion in America under President-elect Donald Trump.
SoftBank is a Japanese internet and telecommunications company.
Son believes the investment will create at least “100,000 jobs focused on artificial intelligence and emerging technologies.”
The project should finish before Trump’s term ends in January 2029.
Trump and Son held a press conference at Mar-a-Lago:
SON: Thank you so much. I’m very excited. I would really like to celebrate the great victory of President Trump. And my confidence level to the economy of United States has tremendously increased with his victory. So because of that, I’m now excited to commit this $100 billion and hundred thousand jobs into the United States. This is double of last time as President Trump said. Because I say, oh, President Trump is a double down. President, I’m going to have to double down. Hundred billion dollars and 100,000 jobs.
This is my confidence level because that has doubled down. So I am truly excited to make this happen. And, of course, business is important. Technology is important.
But one more thing. I’m really hoping is that this President Trump would make the world, bring the world into peace again. That’s my additional hope. And I think he will actually make it happen. So, anyway, I’m excited to go.
And we were discussing and President Trump said, Masa! Is not enough. Maybe go for more, right?”
TRUMP: I’m going to ask him right now. Would you make it $200 billion? And say. He can actually, believe it or not, he can actually afford to do that! Would you do that?
SON: Well. My promise is that…he’s now asking to do more. I think with us dealership, my partnership with you, with your support. I will try to make it happen.
TRUMP: All right 200 million investments.
SON: He is a great negotiator.
TRUMP: He’s a brilliant guy. And an unbelievable job. And the people of Japan and all over the world are very proud of him. Tremendous respect for him. So what he just did, and I would be surprised if what didn’t go to two when you say you’ll try. I know you’ll do it.
SON: I will really try it. And I need your support, though.
TRUMP: You have my support.
SON: Oh, fantastic.
TRUMP: Thank you, Master Son.
SON: Thank you. Thank you.
TRUMP: Do you want to say something to the people of Japan who are all watching.
SON: Well, I’m sure our people in Japan are proud to make the partnership of us and Japan be stronger and I’m very excited to make this happen. Thank you very much. Thank you. Thank you.
TRUMP: Thank you.
WATCH: Softbank CEO Masayoshi Son speaks with President Trump after announcing a $100B investment in America over the next five years:
"My confidence to the economy of the United States has tremendously increased because of his victory. Because of that, I am excited to commit… pic.twitter.com/X4GgtvPgpk
— Trump War Room (@TrumpWarRoom) December 16, 2024
SoftBank pledged $50 billion in 2016 when Trump won:
The 2016 pledge came months after Son secured funding from Middle East countries for most of the SoftBank Vision Fund, a $100 billion venture capital fund. The fund—much of which was invested in the U.S.—became defined by numerous high-profile flops, such as office-space company WeWork and failed startups such as construction-focused Katerra and a robot pizza-delivery company.
That performance scared off outside investors from backing SoftBank again for a second Vision Fund—and could add a challenge if SoftBank is intending to raise outside money to fulfill the Trump commitment.
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Comments
A country that sells to the US for dollars has to either buy US goods or invest in the US. The dollars are just pictures of Presidents that they’ve exchanged goods for otherwise, and a gift to the US treasury, which can simply print and spend replacement dollars until the originals show up again.
Say what?? Where the hell did you get that silly idea? They can use those dollars to buy stuff from pretty much anyone on Earth – especially since dollars are the de facto trade currency. They can buy gold from anyone, goods from anyone, raw materials from anyone …
Where do the dollars go? If they stay out of the country, it’s a gift to the treasury. Otherwise somebody is buying US goods with them or investing in the US.
Dollars aren’t wealth. They’re a ticket in line to say what the US economy does next, presumably something for you. If you don’t use the ticket, be you a foreigner outside the country of a hoarder putting the dollars in the mattress, the Fed notices that he number of tickets bidding for goods is a little low, prints some dollars and uses them to buy back debt, thus putting them in circulation.
So what? That has nothing to do with the BS you wrote that I addressed. An entity that sells into the US and gets dollars does NOT have to return those dollars to the US for anything. They can use those dollars to buy stuff from other countries – since they are basically forced to go get US dollars to buy stuff from other countries, anyway, since the international trade system is set up around the dollar.
As to the Fed taking advantage of dollars that stay overseas to print more … no duh! But that has nothing to do with anything other than the Fed needs to be restricted by gold backing or other limits on their printing and has no relation to whatever BS you are trying to spew about “free importation into the US” as some unlimited good or whatever you are trying to claim.
Dollars aren’t wealth, themselves, but you can certainly use any dollars you to have to buy actual wealth, be it gold, goods, raw materials or anything else you can dream up. That’s sort of what “money” is.
Oh … I don’t know … simple stuff, like Country A using its dollars to buy lots of real sstuff from Country B and then Country B using its dollars to buy real stuff from Country C?? Maybe something really crazy like that?
Hardly. Overseas dollars are always a threat to be repatriated and, if enough are, to destroy the dollar. Sure, maybe people in charge don’t generally care but that doesn’t make this any less true. This is like a company buying back its shares but not retiring them. The shares still exist, even if they are in the company treasury. They are still shares available in the market, if the company decides to sell them back at some point. They only “feel” as if they have been taken out when they have only been temporarily stored away. But people like to pretend they are actually gone.
It’s an automatic gift. Fewer dollars in circulation in the US causes the market interest rate to rise above the Fed’s target, and the Fed responds by buying back debt with newly printed dollars to lower it again. No decision is needed beyond the monthly meeting to set the new target interest rate based on leading indicators of inflation.
That same mechanism “sterilizes” all sorts of government operations with respect to the money supply. The money supply is whatever achieves the target interest rate, always.
I thought that Softbank was on the verge of needing liquidation? Maybe the run-up in the stock market saved its balance sheet for now …
Do I take it this investment will take the form of everyday Treasury Bonds? Or is there some novel strategy here destined to rear up and bite somebody?
Maybe Elton John can sing at the inaugural.
Hold me close I’m tired of winning
See the Dems flee up the highway
Tell them to take the Clintons
Boy, we got a busy day today.
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