(16 Dec 2024)
RESTRICTION SUMMARY:
POOL
Palm Beach, Florida - 16 December 2024
1. SOUNDBITE (English) Donald Trump, U.S. President-elect:
"We've just concluded a very productive meeting. And today I'm thrilled to announce that SoftBank will be investing $100 billion in America, creating 100,000 American jobs at a minimum. And he's doing this because he feels very optimistic about our country since the election."
++WHITE FLASH++
2. SOUNDBITE (English) Masayoshi Son, SoftBank Group CEO:
"Thank you so much. I'm very, very excited. I would really like to celebrate the great victory of President Trump and my confidence level to the economy of the United States has tremendously increased with his victory."
++WHITE FLASH++
3. SOUNDBITE (English) Masayoshi Son, SoftBank Group CEO:
"One more thing I'm I'm really hoping is that this President Trump would make the world, bring the world into peace again. That's my additional hope. And I think he will actually make it happen."
++WHITE FLASH++
4. SOUNDBITE (English) Donald Trump, U.S. President-elect:
"I'm going to ask him right now, would you make it $200 billion instead? He can actually, believe it or not, he can actually afford to do that for once. Would you do that?"
5. SOUNDBITE (English) Masayoshi Son, SoftBank Group CEO:
"Well, my promise is hundred but you know, he's now asking to do more."
++WHITE FLASH++
6. SOUNDBITE (English) Masayoshi Son, SoftBank Group CEO:
"I will try to make it happen."
7. SOUNDBITE (English) Donald Trump, U.S. President-elect:
"That's good, all right, 200. He'll make it happen. 200 billion investment. That's great."
7. SOUNDBITE (English) Masayoshi Son, SoftBank Group CEO:
"(Laughs) He is a great negotiator."
8. Trump puts his arm around Son as Son laughs
STORYLINE:
President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years.
Trump announced the planned investments, which are expected to focus on artificial intelligence, at his Mar-a-Lago resort on Monday, with Son at his side, along with Howard Lutnick, head of investment bank Cantor Fitzgerald and Trump’s pick for commerce secretary.
“He’s doing this because he feels very optimistic about our country,” Trump said.
The investments by SoftBank, Trump said, are “a monumental demonstration of confidence in America’s future.”
Son said he wanted to “celebrate the great victory of President Trump” and that he will “bring the world into peace again.”
“I am truly excited to make this happen,” he said.
After the president-elect noted the $100 billion was double an investment pledge Son made in 2016 on the eve of Trump's first administration, the technology mogul said he was doubling down.
Trump, appearing to joke, asked him at the microphone if he would double the investment again: “Would you make it $200 billion?”
Monday's announcement is a win for Trump, who has used the weeks since the election to promote his policies, negotiate with foreign leaders and try to strike deals.
SoftBank was founded in 1981 by Son, a brash entrepreneur who studied at the University of California, Berkeley. SoftBank makes investments in a variety of companies that it groups together through its capital venture fund.
The company's investment portfolio includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia. Earlier this year, it joined a partnership with Saudi Arabia to build a robot factory in Riyadh.
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