US President Donald Trump has announced agreements aimed at attracting $1.73 trillion in investment into the US economy, which will also lead to the creation of approximately 235,000 jobs.
Investments from Japan and Gulf Countries
One of the significant steps was an agreement with Japanese broadband services provider SoftBank to invest $100 billion, creating 100,000 jobs in areas such as artificial intelligence, semiconductor manufacturing, and data center infrastructure. Emirati billionaire Hussain Sajwani, founder of DAMAC Properties, has also committed $20 billion for data centers in several US states. Additionally, Saudi Arabia has pledged $600 billion with the potential to increase up to $1 trillion.
AI Development in the US
Trump also announced the Stargate initiative, a $500 billion investment in AI infrastructure by a joint venture of OpenAI, SoftBank, and Oracle. Oracle's CTO, Larry Ellison, stated that 10 data centers are already under construction in Texas. This initiative aims to help the US maintain its leadership in AI, staying ahead of competitors like China.
Apple's Increased Contribution to the US Economy
Apple announced a $500 billion investment plan in the US economy during President Trump's mandate. The funds will be directed toward American manufacturing, AI, and workforce development. This includes building new manufacturing facilities in Houston, expanding the Advanced Manufacturing Fund, and establishing a training academy in Michigan for high-tech manufacturing jobs. The company will also invest in content creation for Apple TV+ across 20 states.
The attraction of major investments from foreign and domestic companies boosts the US economic infrastructure and creates thousands of jobs.
