{"id":137931,"date":"2024-12-17T05:56:49","date_gmt":"2024-12-16T22:56:49","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=137931"},"modified":"2024-12-17T05:56:49","modified_gmt":"2024-12-16T22:56:49","slug":"trump-and-softbank-ceo-announce-the-company-will-invest-100-billion-in-us-projects","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=137931","title":{"rendered":"Trump and SoftBank CEO announce the company will invest $100 billion in US projects"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p>\n    <cite class=\"source__cite\"><br \/>\n      <span class=\"source__location\" data-editable=\"location\"\/><br \/>\n      <span class=\"source__text\" data-editable=\"source\">CNN<\/span><br \/>\n        \u00a0\u2014\u00a0<br \/>\n    <\/cite>\n<\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4r3ynvw00b726p439cheroa@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <a href=\"https:\/\/www.cnn.com\/politics\/president-donald-trump-47\">President-elect Donald Trump<\/a> and SoftBank Group CEO Masayoshi Son announced Monday morning at Mar-a-Lago that the company is expected to invest $100 billion in US projects over the next four years with a goal of creating 100,000 new jobs, according to two people familiar with the announcement.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4r3ywlh00043b6miwtwl3nv@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            This investment, first reported by <a href=\"https:\/\/www.cnbc.com\/2024\/12\/16\/softbank-ceo-to-announce-100-billion-investment-in-us-during-visit-with-trump.html\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>, is similar to one from December 2016, when Son pledged a $50 billion investment and 50,000 jobs. Through the company\u2019s venture capital arm, the Vision Fund, SoftBank ended up investing about $75 billion, CNN has learned. The total number of jobs created, given the Covid-19 impact on the country\u2019s employment, is more difficult to tally.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4r3ywlh00053b6mdi5lzs6t@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            This year\u2019s pledge will focus specifically on artificial intelligence and AI infrastructure, including energy, data centers and chips, a source familiar with the investment said.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4r75lce00003b6mxtanp5ge@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            New presidents and presidents-elect have often held joint announcements with companies about massive US investments to promote a supposed rebirth of American industry. But their track record for success is decidedly mixed.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4r7606e00053b6mzitjig4u@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Softbank never made clear how many of the jobs touted in its 2016 announcement were created \u2014 and how many were a result of a new investment. For example, as part of the proposed plan, the company said it would pump $1 billion into Florida startup OneWeb. But Softbank later clarified that it had been in talks with the startup for \u201ca long time,\u201d SoftBank spokesman Matthew Nicholson said at the time.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4r7606e00063b6mw9jho1x6@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Most famously, Trump in 2017 <a href=\"https:\/\/www.cnn.com\/2021\/04\/22\/tech\/foxconn-wisconsin-factory-scaled-down\/index.html\">announced<\/a> with Foxconn a massive $10 billion electronics factory in Wisconsin that was expected to create 13,000 jobs. But the company eventually abandoned most of its plans for the facility and the high-tech products it was set to build. The company in 2021 said it would invest just $672 million in a revised deal that would create fewer than 1,500 jobs.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4r7606e00073b6mb1x5ksi4@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Foxconn has said it invested $1 billion into the state, however, and it still has a major manufacturing site for data servers with more than 1,000 employees. But the facility Trump announced has become a Microsoft data hub that aims to train employees and manufacturers on how to best use artificial intelligence.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm4r3yq7o00003b6mki3anfgk@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <em>This story has been updated with additional information.<\/em>\n    <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnn.com\/2024\/12\/16\/politics\/donald-trump-softbank\/index.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN \u00a0\u2014\u00a0 President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced Monday morning at Mar-a-Lago that the company is expected to invest $100 billion in US projects over the &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=137931\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-137931","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/137931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=137931"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/137931\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=137931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=137931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=137931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}