According to sources with knowledge of the situation, the United States and Japan are on the verge of finalizing the first three projects to be backed by Tokyo’s $550 billion investment fund in the U.S. These projects include a data center infrastructure initiative led by SoftBank, a deep-sea oil terminal in the Gulf of Mexico, and a semiconductor synthetic diamond project. SoftBank has not yet issued a response to requests for comment. The U.S. Secretary of Commerce and Japan’s Minister of Economy, Trade and Industry are scheduled to meet in Washington on Thursday to determine whether a final agreement can be reached, though it remains uncertain whether a conclusion will be achieved this week.
