Trump announces $50B investment from Japan’s SoftBank

Posted online December 7, 2016 | 2:54 am

President-elect Donald Trump announced Tuesday Japanese telecoms and internet firm SoftBank Group Corp. plans to invest $50 billion in the United States.

"We are going to invest $50 billion into the U.S. and commit to create 50,000 new jobs," said SoftBank CEO Masayoshi Son after meeting with Trump in New York City.

The money would come from a $100 billion investment fund Son is setting up with Saudi Arabia's sovereign-wealth fund and other potential partners.

Read more from Reuters.

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