SoftBank pitches chip giant TSMC on building $1 trillion AI hub in US: report

Core Insights - SoftBank CEO Masayoshi Son is proposing a $1 trillion complex in the US, specifically in Arizona, aimed at robotics and artificial intelligence, potentially modeled after a similar hub in Shenzhen, China [1][4] - The initiative aligns with President Trump's push for tech companies and automakers to enhance manufacturing opportunities in the US [2][11] - Son is seeking a partnership with Taiwan Semiconductor Manufacturing Company (TSMC) for a $165 billion investment in the US, with TSMC having already opened its first factory in Arizona [3][9] Project Details - The project, codenamed "Project Crystal Land," aims to advance AI and establish a lasting legacy for Son, who has faced criticism for past project failures [4] - The complex would require support from the Trump administration and discussions are ongoing regarding potential tax breaks for companies involved [5] Investment and Financing - SoftBank has invested significantly in OpenAI, leading a $40 billion funding round, as both companies aim to raise substantial capital for large data centers essential for AI [7] - The fundraising efforts for the Arizona complex may be slower than expected, with a list of potential participants being compiled, including automation firms like Agile Robots SE [8] - SoftBank is also exploring project financing options for its $500 billion Stargate initiative, which could facilitate funding on a project-by-project basis, similar to what may be applied for Project Crystal Land [10]