Softbank to invest $50 billion in the U.S., create 50,000 new tech jobs after meeting with President-elect Trump – and Apple supplier Foxconn is in on the deal

“Last week Patently Apple posted a report titled ‘The Chinese Seem Eager to Open Plants in the US instead of Whining like some in Silicon Valley,'” Jack Purcher reports for Patently Apple. “Today more blockbuster news came to light about new jobs coming to the U.S.”

Masayoshi Son, the founder and CEO of “SoftBank, one of the largest Japanese companies who owns Sprint, ARM, the technology that goes into every iOS device and many other high profile companies,” Purcher reports, “met with President-elect Donald Trump today and announced that he’ll be investing $50 billion dollars in the U.S. that will create 50,000 new tech jobs.”

U.S. President-elect Donald Trump (left) and Softbank CEO Masayoshi Son
U.S. President-elect Donald Trump (left) and Softbank CEO Masayoshi Son

 
“What was interesting, if not a bit of a buzz, was the paperwork from Trump’s meeting with SoftBank also featured the logo of Foxconn, also known as Hon Hai, a supplier for Apple’s iPhones,” Purcher reports. “If Foxconn was on the paperwork discussed with Trump, it’s no accident. Perhaps the preliminary groundwork that Apple’s CEO did back in June about an iPhone plant in the U.S. with Foxconn is actually on the drawing board. That would be a mind blowing development and a huge win for President-Elect Trump and American workers.”

[protected-iframe id=”91e19f270a4d3b9be354a9936b941849-17146794-18685410″ info=”http://video-api.wsj.com/api-video/player/iframe.html?guid=5331C01D-452D-4E35-BA2D-488EF53D25D4″ width=”512″ height=”288″ frameborder=”0″ scrolling=”no”]

Read more in the full article here.

“Mr. Son said he had set up the meeting with Mr. Trump and that he likes him ‘very much,'” Ryan Knutson reports for The Wall Street Journal. “Mr. Son, 59 years old, is known as an ambitious investor and has a long history of betting on tech and telecom ventures. Most recently, SoftBank bought U.K. chip designer ARM Holdings PLC for $32 billion.”

Read more in the full article here.

MacDailyNews Take: Two major Apple suppliers are in on this deal. Hmm…

SEE ALSO:
President-elect Trump invites tech leaders to roundtable in Manhattan next week – December 6, 2016
President-elect Trump meets with Apple board member Al Gore at Trump Tower in Manhattan – December 5, 2016
President-elect Trump tells Apple CEO Tim Cook that he’d like to see Apple make products in the U.S. – November 23, 2016
President-elect Trump says Apple CEO Tim Cook called him after election victory – November 22, 2016
Apple could make iPhones in the U.S.A. under President Trump, sources say – November 17, 2016
Japan’s Softbank just became one of Apple’s most important suppliers – July 18, 2016

[Thanks to MacDailyNews Reader “Bill” for the heads up.]

53 Comments

    1. You just never quit with the spin, do you?

      The USA is a damn large ship to maneuver. It takes time to change course. It takes years, even decades, for public policies to have their effect. Bush II plunged the USA into two foreign wars and it took 6 years before the economic impact was even felt — perhaps you remember the market crash of 2008, which was caused by bipartisan stupidity and deepened by irresponsible republican refusal to contain spending or provide banking oversight. I’m sure you have already soaked up the partisan narrative that paints your party as blameless, but the crash came in the 8th year of your party’s administration. George W. Bush owned it, then slunk off and did nothing whatsoever to clean up the mess other than let Paulson go around asking for corporate welfare.

      The first year or two of any administration is all talk and study, getting any major legistlation or policy implemented takes that long even with a cooperative congress. For the past 6 years, congress has intentionally refused to do their jobs. They have stopped government from functioning. Despite this, the USA has seen steady growth, the markets are all stable, coprorations are flush with cash, and banks are richer than ever. The USA is now in better fiscal shape than any other major economy, period. That’s prettyh impressive results for a president who you claim is a spendaholic ineffective leader.

      I’ll tell you who the ineffective cronies are. Asswipe McConnell in the senate refused to even hold hearings of the Supreme Court nominee — a judge lauded by both conservatives and liberals with impeccable credentials and enormous respect in law communities — because today partisan politics is more important than functioning national government. This is exactly the kind of behavior that puts the USA in neutral while emerging nations catch up. YOUR PARTY is the obstruction that halted progress in the past 6 years. Despite a majority in both houses, the republicans haven’t bothered to propose replacement healthcare legislation, nor tax reform, nor deficit fixes, nor economic measures of any kind. All they have done is rile up their funders with partisan political rhetoric. I don’t expect them to change in 2017 either. Partisans tend to look to their own perks and incomes before bothering to think about doing actual work for you.

      It remains to be seen who from your party will have the sanity to rein Trump back in to reality when he discovers that the president doesn’t actually make the rules or the budgets. That’s the responsibility of the legislature. The uselss republican legislature that has done nothing for 6 years.

    1. No.

      As if Obama’s ever done anything besides fuck things up, waste millions of taxpayer dollar on luxuroius family vacations, and play golf at least six times per week.

      The impetus for Cook’s preliminary groundwork back in June was one Donald J. Trump:

      “Donald Trump says that if he becomes president, he will ‘get Apple to start making their computers and their iPhones on our land, not in China.'” – MIT Technology Review, June 9, 2016

      #MAGA

      1. “…waste millions of taxpayer dollar on luxuroius family vacations, and play golf at least six times per week.” – oh, you’re talking about Bush, then… 😉

        Obama has scored the lowest count of vacations of any president of the modern era, along with having cost the tax payer the least.

        Unlike Trump’s Trump Tower wet-dream, that will cost the country $2 million A DAY to secure TRUMP TOWER.

        Funny, no word from you on that.

        1. Liar.

          To date, Obama’s and his family’s travel expenses total at least $85,029,819.

          Judicial Watch announced today that it obtained records from the U.S. Secret Service revealing that its travel expenses for the First Family’s 2015 Hawaiian vacation cost taxpayers $1.2 million, which bring the total cost of the vacation trip to at least $4.8 million. This was the Obamas’ eighth Hawaiian family vacation. The trip has become an annual event for the Obamas. To date, Obama’s and his family’s travel expenses total at least $85,029,819.

          The records obtained by Judicial Watch for Obama’s Secret Service travel to Hawaii reveal the following expenses totaling $1,234,316.67:

          * Hotel and lodging costs totaled $1,000,458.63
          * The Secret Service spent $165,893.88 on car rentals.
          * Air and rail expenses totaled $67,964.16.

          Although the vacation officially lasted from December 18, 2015, to January 3, 2016, the Secret Service rented several Kailua homes for 19 nights, starting from December 16. The total for the rentals, located near the Marine Corps base at Kaneohe Bay was $245,993.12. According to bills obtained by Judicial Watch through the Freedom of Information Act (FOIA), the Secret Service also paid for rooms at the Hawaii Prince Hotel Waikiki and Golf Club. The Secret Service also reserved rooms at the Moana Surfrider resort on Waikiki Beach, and the Ala Moana Hotel, which cost a total of $40,249.48 and $671,895.99, respectively.

          The Secret Service rented cars from Avis, Alamo, and Hertz – 103 cars for the two-week vacation, totaling $165,893.88 in taxpayer money.

          Reportedly, the Obamas stayed at the Hale Reena Estate, which “rents for anywhere between $5,000 to $10,000 a night, depending on the season.”

          According to other news sources, the Obamas dined out frequently (and were guarded) at Hawaii’s finest restaurants:

          * On Sunday, December 20, the Obamas had dinner at Morimoto, a celebrity chef-owned Asian-fusion restaurant,
          * On Christmas Eve, they dined at MW Restaurant in Honolulu,
          * On December 27, the first family took their dinner at “one of Hawaii’s finest restaurants,” Hoku’s at the Kahala Hotel and Resort,
          * The next day, the Obamas dined at Alan Wong’s with friends,
          * And on New Year’s Day, the Obamas dined at Halekulani, billed as one of the “top restaurants on Oahu.”
          * The president played seven rounds of golf, went hiking and snorkeling.

          Judicial Watch filed a FOIA request for these documents in January 2016. The records were released in response to a FOIA lawsuit filed on May 6, 2016, (Judicial Watch v. U.S. Department of Homeland Security (No. 1:16-cv-00863)). The lawsuit was filed after the Secret Service ignored a series of separate FOIA requests for costs associated with the president’s travel.

          “The Secret Service and the Air Force are being abused by unnecessary travel,” said Judicial Watch president Tom Fitton. “Unnecessary presidential travel for fundraising and luxury vacations on the taxpayers’ dime would be a good target for reform for the incoming Trump administration.”

          Source: Judicial Watch, Inc.

            1. #1. You Lie. Many of those “vacations” you cite for Bush were actually spent working out of the Western White House. They were not “vacations” at all at his Texas ranch. The costs there were significantly lower, the Secret Service source noted, because the Secret Service was dealing with one location: “They weren’t getting hotel rooms, moving multiple aircraft, fleets of cars. It was predictable, constrained. It was repetitive.”

              #2. Journalist Joseph Curl began traveling with and covering George W. Bush after the 2000 election. He states:

              In December, we never left Washington, D.C., until the day after Christmas. Never. Mr. Bush and his wife, Laura, would always depart the White House a few days before the holiday and hunker down at Camp David, the presidential retreat in Maryland. After a few years, I asked a low-level White House staffer why.

              I still remember what she said: “So all of us can be with our families on Christmas.”

              Who was “us”? Hundreds and hundreds of people, that’s who. Sure, the reporters who covered the president, but also dozens and dozens on his staff, 100 Secret Service agents, maybe more, and all of those city cops required whenever the president’s on the move in D.C.

              For me, that one-day delay was huge. My kids were 6 and 8 years old when Mr. Bush took office. When he went home to Prairie Chapel that last time in 2009, my girl was driving, the boy was 6 foot 1. But in the meantime, I was home for eight Christmas mornings, playing Santa, stoking the fire, mixing up hot chocolates.

              That was President Bush.

              Also during Bush’s presidency, the press plane was available for family members at the low rate of $100 per member which allowed many families to continue to be together after Christmas.

              All that has changed with President Obama. No more press plane, for one. Reporters are on their own — so taking family is, say, $1,000 a pop. Not likely. And this president would never delay his trip to his island getaway. He’s off every year well before Christmas. Hundreds and hundreds head off with him, leaving family behind.

              No Christmas at home.

            2. Get a grip. Bush’s expenses have been tallied, and they are higher than they were for Obama.

              PROOF:
              http://archives.politicususa.com/2011/12/23/cost-obama-christmas-vacation-bush.html

              There is no such thing as a “Western White House”. It is also well documented how Bush spent time on his Crawford ranch: entertaining, cutting brush, and mountain biking. 77 Air Force One flights to Crawford alone, costing taxpayers a total of $20 million.

              Bush was one of the least involved presidents in modern history, he delegated almost everything. Perhaps that explains why his results were so poor by all measures.

              As for the Christmas day stuff — whoopee. You get far too emotional about empty gestures. Just because Bush was more of a homebody than Obama and essentially refused to personally participate in foreign diplomatic affairs doesn’t make him more responsible looking than the guy who put miles on Air Force One to show up in person around the world wherever he can have a positive impact instead of “working vacations” at his private ranch.

              Press plane for $100 a head — that’s the kind of government waste you normally rail against. It’s taxpayer money that made up the real cost of those flights. Making the press corps pay what it actually costs to haul them around is wise policy and it discourages frivolous waste.

              You can nitpick personal styles until you’re blue in the face parroting partisan blogs, but history will remember Bush as a complete disaster, and Obama as the unfortunate follower who did his best to clean up a fiscal & military catastrophe not seen since Vietnam. All without congressional cooperation, I might add. If you nitpick on the details while ignoring the big stuff that actually impacts the nation, you are completely lost in your shallow hateful little partisan world. Grow up.

            3. PoliticusUSA.com?

              Bwahahahahahaha!

              A site composed of talking points from the Obama Administration, for pro-Communist “Progressive” atheists who hate the U.S. Constitution is not a credible source.

              The fact of the matter is that Obama read words off a teleprompter claiming he cared about average people, but then lived like a king off the taxpayer dime for eight looong years. That’s is what you get when you elect a neophyte who’d never held a real job.

              BTW: The first woman U.S. president will be a Republican. Mark my works.

    2. Kind of a slap to Obama’s face by Softbank CEO Masayoshi Son as Obama is still the president.

      Or maybe as one CEO to another CEO, Son was comfortable closing the deal and announcing it with Trump, rather then someone who “worked for a year as a financial analyst; in his memoir he said he spent his days behind a computer terminal, “checking the Reuters machine that blinked bright emerald messages across the globe” and feeling like “a spy behind enemy lines.” He gave up that job to go into community organizing, work he felt was more important politically.”

      As far as me thanking Obama… When he thanks President George W. Bush for the work done back during his term that led Obama to tout he got Osama bin Ladin, then and only then will I thank Obama for this.

      http://www.politifact.com/truth-o-meter/article/2008/mar/07/obamas-20-years-experience/

      1. Oh, the work Brush did towards Bin Laden?

        You mean, the work all of the intelligence agencies did in locating Bin Laden, and Bush turning down opportunities 4 times, and doing … NOTHING?

        … or his work after having received a full briefing on Bin Laden from departing President Clinton, and again, doing … NOTHING.

        Oh yeah, that work done.

        1. You seem to be a habitual liar. Nasty vermin, you.

          Bill Clinton passed on killing Osama bin Laden in 1998

          A day before Sept. 11, 2001, then ever-ill-timed former impeached President Bill Clinton told an audience that he could have had Osama bin Laden killed, but chose not to do so.

          Hours after Clinton spoke of his role in the 1998 decision to not attempt to kill Bin Laden, the 2001 terror attack was underway in the United States.

          http://www.latimes.com/nation/nationnow/la-na-nn-bill-clinton-osama-bin-laden-20140801-story.html

          GFY, you lying loser.

        2. By your reasoning, Obama had nothing to do with the killing of Osama bin Ladin, it was the work of all the Seal Team 6 members and associated military assets. Funny though, during the 2012 presidential election, you would have thought it was Obama who ‘pulled the trigger’ killing Osama! –

          Don’t you mean Bill Clinton passed on multiple opportunities to get Osama? – https://www.washingtonpost.com/news/fact-checker/wp/2016/02/16/bill-clinton-and-the-missed-opportunities-to-kill-osama-bin-laden/?utm_term=.c39197de593a

          Like when the Sudanese government wanted to arrest Osama and extradict him to US or Saudi Arabia. -http://articles.latimes.com/2001/dec/05/opinion/oe-ijaz05

          Bush didn’t have time for “full briefing” as he and his administration were too busy cleaning up the childish behaviors of vandalism from the “full of it” crowd.

          http://www.thepoliticalinsider.com/fbi-notes-confirm-hillary-stole-furniture/

          http://www.nytimes.com/2002/06/12/us/white-house-vandalized-in-transition-gao-finds.html

    3. Obama was already on the way out. But Trump *was* talking about Apple and others bringing jobs back to the US. If this happens, Obama gets zero credit because he had nothing to do with it.

  1. MDN are right wing trolls. Since you are going to propagate the Orange One’s lies, then I am out of here. Plenty of Apple sites that don’t have racist alt-righters running them.

  2. Judicial Watch is a 501(c)(3) nonprofit organization.

    In other words a ‘citizens united’ political organisation that is ‘conservative’ and currently is the plaintiff in 20 lawsuits regarding Hillary Clinton’s email.

    Great source!

    In other news… Softbank and SAUDI ARABIA announced a $100 Billion fund in October.

    http://www.wsj.com/articles/softbank-group-launches-investment-fund-1476398189

    How much Trump spin can one country fall for?

    1. Well, if Clinton and her State Department cronies had released rather than hid the public documents JW and other FOIA requesters wanted to see, it wouldn’t have required those 20 lawsuits. On several occasions the judges berated the government lawyers for failure to comply with the court’s orders.

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