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Business
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Jun 20, 2025
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.
TL;DR
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.