SoftBank CEO Masayoshi Son is pitching Taiwan Semiconductor Manufacturing Company on a massive $1 trillion complex in the US to build robots and artificial intelligence, according to a report.
The giant robotics center would be based in Arizona, a version of the production hub seen in the Chinese city of Shenzhen that could help bring manufacturing back to the US, sources told Bloomberg.
It comes as President Trump has been calling for an all-hands approach to bringing manufacturing opportunities to the US, especially by tech companies and automakers.
Son is seeking out TSMC invest $165 billion in the US and has opened its first Arizona factory – as a partner, according to the report.
It’s unclear what role Son sees for the Taiwanese chip giant, which makes Nvidia’s most advanced chips, and if the company would even be interested in the project.
TSMC declined to comment.
Codenamed “Project Crystal Land,” the complex is a clear attempt not only to advance artificial intelligence but to ensure a lasting legacy for Son, who has often talked down his past accomplishments and abandoned projects midway, sources told Bloomberg.
The ambitious, one-of-a-kind facility would require support from the Trump administration.
SoftBank officials have spoken with federal and state officials, including Commerce Secretary Howard Lutnick, to discuss possible tax breaks for firms building factories or investing in the complex, sources told Bloomberg.
Son is also speaking with major tech companies as possible investors, like South Korea’s Samsung.
SoftBank, Samsung and the White House did not immediately respond to The Post’s requests for comment.
Son’s company has invested heavily in ChatGPT maker OpenAI, recently leading a $40 billion funding round for the Sam Altman-led firm as the two seek to raise hundreds of billions of dollars to fund large data centers in the US.
These data centers are crucial to the artificial intelligence industry, which requires vast amounts of power and large storage capabilities.
SoftBank’s campaigning process for the Arizona complex could signal that its money-raising efforts alongside OpenAI are proceeding at a slower pace than they had anticipated, according to the report.
Son has created a list of companies that might take part in the Arizona manufacturing hub, like automation company Agile Robots SE, sources said.
Meanwhile, SoftBank is exploring project financing options for Stargate, its $500 billion initiative to build data centers in the US with OpenAI and Oracle.
This financing method could allow SoftBank to raise funding on a project-by-project basis, which is easier than gathering a large sum of money upfront. The same process could potentially be used for Project Crystal Land, according to the Bloomberg report.
These plans are still preliminary and could change, sources told the news outlet.
Credit: Source link
