Chairman Son Jeong-ui Announces $144 Billion Investment Plan in the US After Meeting Trump

US CNBC Broadcast Report

Masayoshi Son, chairman of Japan's SoftBank Group, is set to announce a $100 billion (approximately 144 trillion won) investment plan in the United States.

On the 16th (local time), the US CNBC network reported, citing multiple sources, that Son will visit the Mar-a-Lago resort in Palm Beach, Florida, the residence of President-elect Donald Trump, to unveil the plan.

In a joint announcement with President-elect Trump, Son plans to pledge the creation of 100,000 jobs, focusing on artificial intelligence (AI) and related infrastructure development. The $1.5 billion (approximately 2 trillion won) investment in OpenAI's ChatGPT, along with previously disclosed investments, is expected to be included in the total investment amount. The investment plan Son will announce is scheduled to be implemented during President Trump's second term administration.

CNBC reported that the investment funds could be raised from various sources, including the Vision Fund and companies where Son's firm holds major stakes, such as the UK semiconductor design company Arm.

Previously, during Trump's first term in 2016, SoftBank announced a plan to invest $50 billion (approximately 72 trillion won) to create 50,000 jobs.