President-elect Donald Trump will join SoftBank Group CEO Masayoshi Son at his Florida home on Monday to announce that the Japanese company is planning to invest $100 billion in U.S. projects over the next four years.

Trump has in the past announced deals with much fanfare, but they have sometimes failed to deliver on promised investments.

For example, Foxconn Technology Group, a Taiwan-based company best known for making Apple iPhones, won Trump’s praise by announcing plans in 2017 to build a $10 billion complex and employ 13,000 people in Mount Pleasant, Wisconsin. But Foxconn’s investment has been scaled back to a fraction of that as the tech industry ran into problems after COVID-19 pandemic temporarily pushed up demand for work-at-home technology.

But Monday’s announcement concerning the SoftBank technology group nonetheless is a win for Trump, who has used the weeks since the election to try to promote his policies, negotiate with foreign leaders and try to strike deals.

Menu