SoftBank will invest $50 billion in the US

Trump says SoftBank will invest $50 billion in the US, aiming to create 50,000 jobs


Donald Trump said Monday that Japan’s SoftBank has agreed to invest $50 billion in the U.S., aiming to create 50,000 jobs.

He announced the deal after meeting with SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor, at Trump Tower in New York. On Twitter, Trump claimed that Son said he “would never do this” if Trump had not won the presidential election.

But the $50 billion will come from a previously announced $100 billion international investment fund set up with Saudi Arabia, according to Dow Jones.

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