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SoftBank proposes $1 trillion US AI hub
SoftBank's founder Masayoshi Son just pitched "Project Crystal Land," a $1 trillion plan seeking to involve chip giant TSMC and create a huge AI and robotics complex in Arizona.
The goal? Bring Shenzhen-style manufacturing power to the US and supercharge homegrown AI robotics.
SoftBank needs tax breaks from US officials
The project announcement sent SoftBank and TSMC stock prices up, showing investors are excited.
But for this mega-hub to happen, SoftBank needs tax breaks from US officials and is looking for support from tech giants like Samsung.
If all goes well, expect a wave of robotics startups—especially those backed by SoftBank—to set up shop there too.