After Meeting Trump, SoftBank Will Create 50,000 U.S. Jobs

donald trump and founder of softbank

President-elect Donald Trump is already making good on his campaign pledge to get America working again. Trump negotiated a deal with the founder of SoftBank, Masayoshi Son, that would invest $50 billion and create an estimated 50,000 jobs in the United States.

According to The New York Times:

The brash and outspoken founder of SoftBank, Masayoshi Son, has long been known for his outsize ambitions, from taking on the United States’ biggest telephone companies to creating a $100 billion fund for technology deals. On Tuesday, Mr. Son, a Japanese mogul, struck another big pledge after meeting with President ­elect Donald J. Trump: to invest $50 billion in the United States, a move that he said would create some 50,000 jobs.

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But the $50 billion investment pledge is not an entirely new initiative that SoftBank is undertaking. Instead, the money is projected to come from the Japanese company’s previously announced Vision fund, a $100 billion vehicle for investing in technology companies worldwide.

… In speaking with reporters alongside Mr. Trump on Tuesday, Mr. Son clutched what appeared to be a presentation from the meeting. One page featured the logos of both SoftBank and Foxconn, the Taiwanese manufacturing giant that makes parts for the iPhone. On the page — and circled — was the text committing to investing $50 billion in the United States and generating 50,000 jobs over the next four years.

Below it appeared to be Mr. Son’s signature.

 

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