PALM BEACH, Fla. — President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years.

Trump announced the planned investment Monday at his Mar-a-Lago resort with Son at his side, along with Howard Lutnick, head of investment bank Cantor Fitzgerald and Trump’s pick for commerce secretary.

The investments by Softbank, Trump said, are “a monumental demonstration of confidence in America’s future.”

Son said he wanted to “celebrate the great victory of President Trump” and that he will “bring the world into peace again.”

Trump has in the past announced deals with companies overseas with much fanfare, though some companies in the end failed to deliver on those promised investments.

Foxconn Technology Group, a Taiwanese company best known for producing Apple iPhones, won Trump’s praise after announcing plans in 2017 to build a $10 billion complex that would employ 13,000 people in a small town just south of Milwaukee. But Foxconn’s investment has been scaled back to a fraction of that after the COVID-19 pandemic.

Monday’s announcement, however, is a win for Trump, who has used the weeks since the election to promote his policies, negotiate with foreign leaders and try to strike deals.

He had already threatened steep tariffs for Mexico and Canada, which prompted a visit from Canada’s prime minister.

In a post on his Truth Social site last week, Trump said anyone making a $1 billion investment in the United States “will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.”

Softbank was founded in 1981 by Son, an entrepreneur who studied at the University of California, Berkeley. The company’s investment portfolio includes search engine Yahoo, Chinese retailer Alibaba and artificial intelligence company Nvidia.