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Takeaways
SoftBank Group Corp. founder Masayoshi Son is planning a trillion-dollar industrial complex in Arizona to build robots and artificial intelligence, with Taiwan Semiconductor Manufacturing Co. potentially playing a key role.
The complex, codenamed "Project Crystal Land", would bring high-tech manufacturing back to the US and may include production lines for AI-powered industrial robots, with SoftBank officials seeking tax breaks and discussing the project with federal and state government officials.
The project's feasibility hinges on support from the Trump administration and state officials, with Son also exploring project financing and seeking interest from tech companies, including Samsung Electronics Co.