Numerous companies have recently announced plans to invest in U.S. manufacturing, spanning various sectors including technology, pharmaceuticals, and the automotive industry. These announcements coincide with President Donald Trump’s efforts to bolster domestic manufacturing through tariffs and other measures.
Taiwan Semiconductor Manufacturing Company (TSMC)
In early March, TSMC announced a significant increase of $100 billion to advance semiconductor manufacturing in the U.S. This investment includes plans for three new fabrication plants, two advanced packaging facilities, and a major research and development team center. This funding adds to the $65 billion previously allocated by the chipmaker for manufacturing operations in Phoenix, Arizona. The $100 billion investment is projected to generate tens of thousands of high-paying, high-tech jobs in advanced chip manufacturing and R&D, in addition to 40,000 construction jobs over the next four years.
Eli Lilly
In late February, pharmaceutical company Eli Lilly disclosed its intention to establish four new manufacturing sites in the U.S. Three of these sites will focus on manufacturing active pharmaceutical ingredients and strengthening Lilly’s supply chain. With these new facilities, Eli Lilly’s U.S. manufacturing investment is set to more than double to $50 billion, building on the $23 billion committed from 2020 to 2024.
GE Aerospace
GE Aerospace has announced an investment of nearly $1 billion into its U.S. manufacturing and supply chain as of mid-March. This investment includes $500 million to expand capacity and size of manufacturing sites. Additionally, $100 million will be allocated to scale production of innovative parts using new materials and advanced manufacturing processes. The company also plans to invest over $100 million in its external supplier base and hire approximately 5,000 U.S. workers this year. GE Aerospace was formed as part of General Electric’s split into three independent companies early last year, alongside GE Vernova and GE HealthCare.
Apple
In February, Apple committed $500 billion over four years to enhance American innovation and advanced high-skilled manufacturing. This investment will involve establishing a new advanced manufacturing facility in Houston, focusing on producing servers for Apple Artificial Intelligence. Additional measures include bolstering its U.S. Advanced Manufacturing Fund, launching an academy in Michigan for training future U.S. manufacturers, and expanding research and development investments in fields like silicon engineering.
Hyundai
Hyundai Motor Group, based in South Korea, outlined a $21 billion investment plan for the U.S. This includes $9 billion to increase annual U.S. production to 1.2 million vehicles, $6 billion for enhancing parts localization and logistics, and $6 billion for collaboration in future industries such as autonomous driving, robotics, and energy infrastructure. This investment is scheduled from 2025 to 2028.
Nvidia
Nvidia recently announced plans to work with manufacturing partners to design and build factories to produce NVIDIA AI supercomputers entirely in the U.S. This move aims to meet the growing demand for AI chips and supercomputers, while strengthening supply chain resilience. Nvidia has commissioned over 1 million square feet of manufacturing space to build and test Blackwell chips and AI supercomputers in Texas, partnering with Foxconn and Wistron on facilities in Houston and Dallas. The company has also initiated Blackwell chip production at TSMC’s Phoenix facilities and plans packaging and testing operations in Arizona with Amkor and SPIL.
