Update on US investment and the economy.
The other day CBS reported companies that were investing in this countries economy. Here‘s a few.
Abbott Laboratories
Illinois-based medical device company Abbott Laboratories said in a statement Wednesday that a $500 million investment in manufacturing, research and development capabilities at plants in Illinois and Texas will “go live” by the end of the year.
Abbott Laboratories
Illinois-based medical device company Abbott Laboratories said in a statement Wednesday that a $500 million investment in manufacturing, research and development capabilities at plants in Illinois and Texas will “go live” by the end of the year.
Chobani
Chobani, known for its Greek-style yogurt, is expanding manufacturing in New York State. The yogurt company on Tuesday announced plans to spend at least $1.2 billion opening a million-square-foot factory in Rome, New York.
Company executives believe the plant will be the largest dairy factory in the U.S.
Cra-Z-Art
Randolph, New Jersey-based toy company Cra-Z-Art in March said it is growing its U.S. production capacity by 50%, “to combat the cost of tariffs for imported goods from China and other countries.”
“Based on the current economic climate, we are taking decisive action to expand and invest in American manufacturing.
Johnson & Johnson
Johnson & Johnson is planning to invest more than $55 billion in new U.S. manufacturing facilities over four years. The investment represents a 25% increase compared with the previous four years, the health care company said in March.
Honda Motor
Honda Motor this week said it is moving production of its Civic Hybrid Hatchback from Japan to the U.S. Honda currently produces the Civic Hatchback Hybrid from two plants, one in Indiana and another in Japan. “But beginning later this year it will be produced only in Indiana.
Hyundai Motor Company
Hyundai in March announced a $21 billion commitment to investing in domestic manufacturing from 2025 to 2028.
As part of that commitment, the company has pledged to put $9 billion toward expanding domestic automobile production to 1.2 million vehicles a year, it said.
Nvidia
Last week, American chip maker Nvidia announced that for this first time in the company’s history, it will be manufacturing chips and AI supercomputers in the U.S.
Nvidia said in a statement that it has commissioned more than a million square feet of manufacturing space to build its Blackwell chips in Arizona and AI supercomputers in Texas.
Roche
Swiss pharmaceutical company Roche in April said it’s committing $50 billion to growing its U.S. operations.
The funds will go toward building new research and development sites, and expanding existing manufacturing facilities in Indiana, Pennsylvania, Massachusetts and California, the company said on April 21.
Roche will also announce a new 900,000-square-foot manufacturing center dedicated to its weight loss medicine portfolio.
TSMC
Taiwanese semiconductor maker TSMC in March announced a $165 billion total investment in U.S. manufacturing capabilities. The investment augments an existing $65 billion investment in semiconductor manufacturing operations in Phoenix by $100 billion. The expansion includes plans for three new plants, two advanced packaging facilities and a major research and development center, the company said.
