Trump announces $20 billion foreign investment to build new U.S. data centers

Trump announces billion foreign investment to build new U.S. data centers

U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025.

Carlos Barria | Reuters

President-elect Donald Trump on Tuesday announced a $20 billion foreign investment to build new data centers across the United States.

Emirati billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging “at least” that amount, the president-elect said at his Florida home Mar-a-Lago.

“They may go double, or even somewhat more than double, that amount of money,” Trump said of Sajwani’s company.

The “first phase” of the plan will take place in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan and Indiana, Trump said.

This is breaking news. Please check back for updates.

Source

World

Ericsson CEO says AI regulation and investment in Europe are ‘concerning’

July 15, 2025

U.S. stocks open higher after Nvidia gains, CPI comes in as expected The S&P 500 gained 0.5% in early deals, while the tech-heavy Nasdaq Composite jumped 0.8%. Stocks were boosted by gains in chip giant Nvidia, which said it hopes to resume deliveries of its H20 GPU sales to China. Traders were also poring through the latest U.S. inflation data. […]

World

S&P 500 futures rise as investors await bank earnings, inflation reading: Live updates

July 15, 2025

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 10, 2025. Jeenah Moon | Reuters U.S. stock futures were pointing to a mixed open early Tuesday following a winning session for the major averages, as investors await big bank earnings and a key inflation reading. Dow […]

World

The world’s ‘football’ is America’s ‘soccer’: Trump signaled that could change

July 15, 2025

U.S. President Donald Trump and FIFA President Gianni Infantino carry the FIFA Club World Cup trophy on stage before presenting it to Chelsea FC at MetLife Stadium on July 13, 2025 in East Rutherford, New Jersey. This is the first time the U.S. has hosted the the FIFA CWC competition, one year before the U.S., […]