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SoftBank Group Corp. Chief Executive Officer Masayoshi Son told President-elect Donald Trump he would create 50,000 new jobs in the U.S. through a $50 billion investment in startups and new companies.
The money will come from SoftBank's previously announced $100 billion technology fund, according to a person familiar with the matter. That investment vehicle has a $45 billion commitment from the government of Saudi Arabia and $25 billion from Tokyo-based SoftBank, which operates technology and wireless companies around the world.
[...] Some investments from SoftBank's fund, which was unveiled in October, were probably destined for the U.S. anyway, given the nation's leadership in the global technology industry. But Son hadn't previously committed to creating a specific amount of jobs through the investment vehicle.
More coverage from Washington Post and Reuters.
(Score: 2) by linkdude64 on Thursday December 08 2016, @03:16PM
Whoops - used a double negative.
IIRC your comment implied that it is hypocritical for Trump to bring jobs back to the US from other countries, which makes absolutely no sense whatsoever.
(Score: 2) by butthurt on Friday December 09 2016, @12:17AM
Thanks, it makes more sense without the negation.