US EditionSoftBank's Son Pursues $1.3 Trillion AI Manufacturing Hub in Arizona
ARIZONA, UNITED STATES, JUN 20 – SoftBank aims to create a $1 trillion AI and robotics manufacturing hub in Arizona with partnerships from major tech firms, potentially doubling previous US AI infrastructure investments.
- Masayoshi Son, CEO of SoftBank Group, is leading plans for a $1 trillion manufacturing hub in Arizona focused on robotics and artificial intelligence development.
- This plan, called Project Crystal Land, aims to revive high-tech manufacturing in the U.S. and draws on interest from tech firms like TSMC and Samsung.
- SoftBank officials have discussed with U.S. federal and state governments possible tax breaks to support factories and investments for the project.
- TSMC is separately investing $165 billion in U.S. chip factories and started mass production in Arizona, though its involvement in SoftBank's project is unclear.
- If executed, Son’s project could transform the U.S. into a global AI and robotics manufacturing hub amid rising U.S.-China tech tensions.
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SoftBank's Son pitches $1 trillion Arizona AI hub, Bloomberg News reports
SoftBank Group founder Masayoshi Son is envisaging setting up a $1 trillion industrial complex in Arizona that will build robots and artificial intelligence, Bloomberg News reported on Friday, citing people familiar with the matter.
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Total News Sources39
Leaning Left6Leaning Right3Center9Last UpdatedBias Distribution50% Center
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R 17%
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