- Joined
- Aug 1, 2009
- Messages
- 27,482
- Reaction score
- 6,506
- Gender
- Male
- Political Leaning
- Undisclosed
As always, the devil is in the details. Few of which are available.
Softbank is a large Japanese telecom that has struggled in the US. They currently own Sprint, and tried to buy T-Mobile, and were shot down for anti-trust reasons. They're hoping the new administration will be more lenient.
They are not going to move a huge factory to the US. What they are doing is planning to fund startups.
They already have something going with the Saudis, where they have promised $25 billion, the Saudis another $45 billion, and they are looking for more investors to total $100 billion. It's not clear whether that fund is what the CEO was talking about -- or if anything about their plans have actually changed.
So basically, a Japanese CEO is investing in the US (good) while promising lots of jobs (which may or may not materialize) and making the President happy (so his company can buy another company).
Sounds like business as usual to me.
Japan’s SoftBank to Invest $50 Billion in U.S., Trump Says - Bloomberg Politics
And do you have a problem with business as usual if it will net 50K jobs?