We use essential cookies and third-party cookies for content.

Volkswacht Bodensee - SoftBank CEO set to announce $100 bn US investment

Volkswacht Bodensee
×
NYSE - LSE
RBGPF -1.45% 69 $
CMSC -0.63% 20.69 $
BCC -1.22% 75.93 $
NGG -1.01% 77.28 $
GSK 0.19% 48.63 $
BTI -1.51% 54.33 $
RIO -0.09% 103.74 $
AZN -1.98% 156.94 $
BCE -1.37% 23.33 $
RELX -1.31% 34.25 $
CMSD -0.63% 20.55 $
RYCEF -1.33% 19.58 $
JRI -0.74% 12.11 $
BP 1.75% 45.68 $
VOD -1.05% 17.13 $
SoftBank CEO set to announce $100 bn US investment
SoftBank CEO set to announce $100 bn US investment / Photo: © AFP/File

SoftBank CEO set to announce $100 bn US investment

POLITICS 16.12.2024

The head of Japan's SoftBank is set to announce plans on Monday to invest $100 billion in the United States over the next four years, a spokesperson for US President-elect Donald Trump's transition team told AFP.

Text size:

SoftBank's billionaire chief executive Masayoshi Son and Trump are expected to jointly announce the planned investment at the president-elect's Mar-a-Lago residence in Florida later in the day, according to US media reports.

SoftBank did not immediately respond to a request for comment.

The announcement from Son, 67, would be around double the amount he committed SoftBank to in December 2016, shortly before Trump began his first term as US president.

The Japanese investment behemoth ultimately parted with close to $100 billion through its Vision Fund, with much of the money supplied by sovereign wealth funds in Saudi Arabia and the United Arab Emirates.

Son made his name with successful early investments in Chinese ecommerce titan Alibaba and internet pioneer Yahoo, but has also bet on catastrophic failures such as WeWork.

Son has repeatedly said that "artificial superintelligence" will arrive in a decade, bringing new inventions, new medicine, new knowledge and new ways to invest.

L.Maurer--VB

Featured

Noosha Aubel, CDU och SPD: Fallet med ett svårt funktionshindrat barn i Potsdam är ett politiskt misslyckande

Noosha Aubel, CDU och SPD: Fallet med ett svårt funktionshindrat barn i Potsdam är ett politiskt misslyckande
Noosha Aubel, CDU a SPD: Případ těžce postiženého dítěte v Postupimi je politickým přiznáním bankrotu

Noosha Aubel, CDU a SPD: Případ těžce postiženého dítěte v Postupimi je politickým přiznáním bankrotu
Noosha Aubel, CDU i SPD: Sprawa ciężko niepełnosprawnego dziecka w Poczdamie to polityczne przyznanie się do porażki

Noosha Aubel, CDU i SPD: Sprawa ciężko niepełnosprawnego dziecka w Poczdamie to polityczne przyznanie się do porażki
Noosha Aubel, CDU και SPD: Η υπόθεση ενός παιδιού με σοβαρή αναπηρία στο Πότσδαμ αποτελεί πολιτική παραδοχή αποτυχίας

Noosha Aubel, CDU και SPD: Η υπόθεση ενός παιδιού με σοβαρή αναπηρία στο Πότσδαμ αποτελεί πολιτική παραδοχή αποτυχίας