Japanese Tech Billionaire Pledges $100B, 100K US Jobs in Move Touted by Trump

Benzinga 2024-12-17

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Japanese tech billionaire and Softbank CEO Masayoshi Son pledged to invest $100 billion and create 100,000 jobs in the US. President-elect Donald Trump described the commitment as a "monumental demonstration of confidence in America's future." Son avoided detailing how he would fund the pledge, raising concerns about its feasibility. The announcement mirrors similar high-profile events during Trump's first term, such as Foxconn's Wisconsin project, which fell far short of its promised impact. Trump has vowed to attract foreign investment by cutting taxes, reducing regulations, and easing takeovers.

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