Trump Secures $100B Investment In America During Mar-A-Lago Meeting

President-elect Donald Trump will announce on Monday that Softbank, the investment firm behind some of the biggest private sector financial plays of the past decade, will make a $100 billion domestic investment over the next four years. This vindication of his America First approach already has CEOs flocking to his good graces.

CNBC reported that Trump and Softbank CEO Masayoshi Son will make the announcement later in the day when they meet at Mar-a-Lago. The announcement will include a promise to add 100,000 new jobs focused on artificial intelligence and related infrastructure. The funding will come from Softbank or its subsidiaries, including the Vision Fund or chipmaker Arm Holdings, of which the firm is a majority owner. The billionaire entrepreneur plans to make all investments by the end of Trump’s second term.

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Not all funding will necessarily be newly raised and could include some funding already announced, such as Softbank’s recent $1.5 billion investment in OpenAI, the software behind the wildly popular ChatGPT artificial intelligence. The project will be Trump’s second with Son; in 2016, the two men made a similar announcement during the first Trump administration, with the Japanese firm agreeing to commit $50 billion to the U.S. with the goal of creating 50,000 new jobs. At the time, Trump praised his fellow businessmen, saying that Son “would never do this” if Hillary Clinton had won the election. Son joined Trump for the announcement at Trump Tower in New York, where he told reporters he liked the 45th president “very much.”

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Softbank owns approximately 80 percent of telecom company Sprint and has significant holdings in T-Mobile, Alibaba, and Arm Holdings, a UK-based chip manufacturer. Its commitment to U.S.-made products may spur other multinational companies to follow suit. On Friday, Politico reported that Apple CEO Tim Cook had reached out to Trump’s team to ask for a private meeting at Mar-a-Lago following the election. During the Obama administration, Cook was under tremendous pressure to bring manufacturing jobs back to the U.S. but stated, “Those jobs aren’t coming back,” according to a 2012 New York Times report.

But after securing a mandate from the American people, President-elect Trump may find that it’s easier this time around to twist the arms of CEOs like Cook who will be given two choices: produce more of their goods in America, or see their overseas goods hit with sky-high tariffs. “I do believe that some manufacturing may come back to the United States, primarily because of the fact that president-elect Donald Trump is going to twist Apple’s arm,” Colin Gillis, an analyst at BGC Partners, has said about Trump’s bargaining position from the White House.

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