(Bloomberg) — SoftBank Group Corp. Chief Executive Masayoshi Son will announce a plan to invest $100 billion in the U.S. over the next four years during a visit with President-elect Donald Trump, according to people familiar with the matter .

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Son will announce details of the plan, which includes a commitment to create 100,000 jobs focused on artificial intelligence and related infrastructure, later on Monday, the people said, asking not to be identified as the news is pending is not public. This could include investments in data centers, semiconductors and energy, one of the people said.

Representatives for the Tokyo-based company did not respond to requests for comment outside normal business hours.

The Japanese billionaire joins a number of technology executives seeking to win the favor of the new government. OpenAI CEO Sam Altman will donate $1 million to Trump’s inaugural fund after previously donating to President Joe Biden’s 2024 re-election campaign. Meta Platforms Inc., Amazon.com Inc. and artificial intelligence startup Perplexity have also pledged $1 million each.

The last time Son was president, he forged a close relationship with Trump when he visited the US in December 2016 and pledged to invest $50 billion. SoftBank was one of several companies making such commitments at the time. The company actively invested in US companies through its Vision Fund investment vehicle, but later ran into trouble as many of its deals failed.

Son’s announcement marks the largest commitment by a company to expand its investments in the US since Trump’s election victory. The president-elect pledged during his campaign to stimulate the U.S. economy by cutting corporate tax rates, using tariffs to boost domestic investment by foreign companies and rolling back regulations that Republicans say hampered economic growth.

Trump also promised to speed up approvals for anyone willing to invest $1 billion or more in projects in the United States. While he didn’t offer specifics on how he would speed up approvals, his pledge addressed a key concern among technology and energy companies that regulatory delays could slow the modernization of U.S. energy infrastructure needed to develop AI.

“In doing so, President Trump is fulfilling the promise he made to the American people during the election campaign to make the United States of America the world’s manufacturing superpower,” Karoline Leavitt, a spokeswoman for the Trump transition, told Fox Business Monday.

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