SoftBank touts first $1B investment as a part of pledge to Trump

SoftBank will invest $1 billion in One Web, a broadband access company based in Arlington (VA), as part of a pledge to President-elect Donald Trump to invest $50 billion in American companies.

“Earlier this month I met with President-Elect Trump and shared my commitment to investing and creating jobs in the U.S. This is the first step in that commitment,” the Japanese tech giant’s CEO, Masayoshi Son, said. President-elect Trump announced after meeting with Son earlier this month that SoftBank would invest $50 billion in U.S. businesses and create 50,000 new jobs domestically. The president-elect said Son made the pledge as a direct result of his presidential election victory.