SoftBank Group founder Masayoshi Son is planning a $1 trillion industrial complex in Arizona focused on robotics and artificial intelligence, Bloomberg News reported Friday, citing sources familiar with the matter. The ambitious project aims to revive high-end tech manufacturing in the U.S. and create a hub akin to China’s manufacturing powerhouse, Shenzhen.
Son is reportedly seeking to partner with Taiwan Semiconductor Manufacturing Co. (TSMC) for the venture, codenamed Project Crystal Land, though the exact role TSMC would play and its interest level remain unclear. TSMC is already investing heavily in U.S. chip manufacturing with planned investments totaling $165 billion.
SoftBank officials have engaged in discussions with U.S. federal and state officials, including Commerce Secretary Howard Lutnick, to explore tax incentives for companies that build factories or invest in the industrial park.
The project also seeks interest from other tech giants such as Samsung Electronics. However, the plans are preliminary and dependent on support from the Trump administration and state authorities.
If realized, the $1 trillion investment would surpass the scale of the $500 billion “Stargate” project, a U.S. data center expansion funded by SoftBank, OpenAI, and Oracle.
SoftBank and TSMC have declined to comment on the report. The White House and Department of Commerce did not immediately respond to requests for comment.
This proposed initiative follows several major SoftBank investments this year, including its $6.5 billion acquisition of semiconductor designer Ampere and up to $40 billion commitment to OpenAI, part of which may be syndicated to other investors. Recently, SoftBank also raised $4.8 billion by selling shares in T-Mobile.