Trump announces $20B investment in U.S. data centers

Marco Huels
January 8, 2025
Become smarter in just 5 minutes
Feeeed serve up the most interesting stories in AI, tech, business, science, and more—all in 5 minutes or less.
Booyah! The first newsletter will go out early next week.
Oops! Something went wrong while submitting the form.

The Rundown: President-elect Donald Trump revealed a $20 billion foreign investment from Emirati billionaire Hussain Sajwani, founder of DAMAC Properties, to build data centers across the U.S.

The Context:

  • The project’s first phase targets Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana.
  • Sajwani, a longtime Trump associate, credited Trump’s election victory for spurring his commitment.
  • Trump plans to incentivize large foreign investments, including expedited permits for entities investing $1 billion or more.
  • This follows a similar pledge from Softbank’s CEO to invest $100 billion and create 100,000 jobs in the U.S.

Why it Matters: The deal underscores Trump’s strategy to attract foreign investment, boosting domestic infrastructure and job creation. With Sajwani hinting the total could exceed $40 billion, the move highlights foreign confidence in U.S. business under Trump’s leadership.

Stay smarter on AI, Tech, Business and What Matters in 5 minutes

Get the 5-minute news brief to keep you in loop. Free forever.