Donald Trump said Monday that Japan's SoftBank has agreed to invest $50 billion in the U.S., aiming to create 50,000 jobs.
He announced the deal after meeting with SoftBank CEO Masayoshi Son, a Japanese billionaire and technology investor, at Trump Tower in New York. On Twitter, Trump claimed that Son said he "would never do this" if Trump had not won the presidential election.
But the $50 billion will come from a previously announced $100 billion international investment fund set up with Saudi Arabia, according to Dow Jones.
Trump tweet: Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs....
SoftBank owns about 80 percent of telecom company Sprint and bought British chipmaker ARM Holdings earlier this year. Son told reporters in New York that he arranged the meeting with Trump and likes him "very much."