The “Big Money Show” panel discusses President Donald Trump's plan to bring manufacturing back to America.
Hyundai plans to invest $20 billion to bring manufacturing operations to the US.
Part of the investment from South Korean automakers will be directed towards the construction of next-generation steel factories. The material is used in two plants in the United States and employs 1,500 people. The remaining money will be allocated to expand US manufacturing
Automakers are the latest among the growing number of companies that have announced plans to increase investment in the US under the Trump administration, and are using tariffs to encourage businesses to bring manufacturing back into American soil and reduce their dependence on foreign goods.
Apple announces historic $500 billion investment in US manufacturing and innovation: “The Bull of the Future”
Emphasizing the administration's mission, Vice President JD Vance posted earlier this month on X that the company would be rewarded for investing in America and creating jobs.
“We cut regulations, we cut taxes, but when we build outside the US, you build yourself,” he writes.
News from Hyundai come just a few weeks after GE Aerospace was announced Approximately $1 billion investment To “increase the use of innovative new parts and materials needed for the future of flights.” GE said that nearly twice the funding of last year's commitment will help improve engine safety, quality and delivery, benefiting more than 20 communities across 16 states. GE said it would also hire about 5,000 US manufacturing and engineering workers.
The logo of South Korean car manufacturer Hyundai. (Photo by Nakao Yuriko / Getty Images / Getty Images)
Eli Lilly invests another $27 billion in US manufacturing
Eli Lilly announced in February that it would invest another $27 billion to promote domestic drug production, bringing US manufacturing investments to more than $50 billion since 2020.
Apple also announced that it has won $500 billion over the next five years. This includes the construction of an advanced AI server manufacturing plant near Houston and the double of the company's Advanced Manufacturing Fund from $5 billion to $10 billion.
The tech giant will also set up Apple Manufacturing Academy In Detroit, It employs 20,000 new employees focusing on research and development, silicon engineering, artificial intelligence and machine learning.
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The Taiwanese semiconductor manufacturer said that it would invest $100 billion in US-based semiconductor chip manufacturing and shipping giant CMA CGM, and would invest $20 billion in US shipping and logistics.
Softbank, Damac, Meta and others are also working on investment in the US under Trump. flat Nissan CEO Uchida proposed that Trump's tariffs would force carmakers to force production in Mexico.
Hyundai Motor Company employees are working on Hyundai Elantra vehicles on the assembly line. (Getty Images/Doug Canter via Getty Images/Bloomberg)
The administration touted “Trump is on a mission to make America the world's manufacturing superpower.” Economist Michael Southernth considers bringing more manufacturers back to the US as a “valuable goal,” but he said it was “not time-consuming and painless.”
“Building a senior factory like Chip Foundry can take years and cost billions of dollars,” Santo said. He said prices could rise in the short term as the US lacks “not to mention staff to build some factories.”
However, he said, “Our strength in manufacturing is that the US has the largest energy resources to drive factories cheaply,” and that “advances in automation and robotics will reduce staffing shortages in the future.”
