10 hours ago
Bloomberg: SoftBank considers $1 tril. high-tech hub in US
US media outlet Bloomberg says Japan's SoftBank Group chief executive Son Masayoshi is evaluating a plan to build a massive high-tech industrial complex in the US state of Arizona.
The report says the venture would involve a 1-trillion-dollar investment in what's called "Project Crystal Land." It cited people familiar with Son's thinking as sources.
The complex would manufacture AI-powered industrial robots, among other products.
SoftBank wants other firms involved, including Taiwan's TSMC, the world's largest contract chipmaker, and South Korea's Samsung Electronics.
The report says the plan dovetails with the Trump administration's policy to revitalize high-tech industry manufacturing in America.
It adds that SoftBank officials have discussed possible tax breaks for the project with Commerce Secretary Howard Lutnick and other US officials.
