Rep. Tom Emmer, R-Min, and Jay Timmons, president and CEO of the National Manufacturers Association, discuss tax cuts, investment in the US and the Senate budget bill in extensive interviews with “Morning with Maria.”
Many companies have announced investments in US manufacturing in recent weeks.
Announcements from sectors such as Tech, Pharmaceuticals and Automobiles come amid President Donald Trump’s demand for increased domestic production through tariffs and other measures.
Trump sees “manufacturing boom” in his first full employment report of the second term
Below are some of the companies that made such announcements:
Taiwan Semiconductor Manufacturing Company (TSMC)
(Mik Kaichen/Bloomberg via Getty Images)
In early March, TSMC revealed it was spending $100 billion on advanced semiconductor manufacturing in the United States.
The increase in investment includes plans for three new manufacturing plants, two advanced packaging facilities and one major R&D team centre,” said the Taiwan-based company.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSM | Taiwan Semiconductor ManufacturingCo. Ltd. | 147.86 | -3.88 |
-2.56% |
| lly | Eli Lilly & co. | 818.02 | -21.94 |
-2.61% |
| ge | GE Aerospace | 178.35 | -3.44 |
-1.89% |
| aapl | Apple Inc. | 193.16 | -3.82 |
-1.94% |
These funds add to the $65 billion chipmakers previously allocated to manufacturing operations in Phoenix, Arizona.
The planned $100 million investment will lead to “tens of thousands of high-paid high-tech employment in advanced chip manufacturing and R&D,” according to TSMC, in addition to 40,000 construction jobs.
Eli Lily
(Daniel Acker/Bloomberg via Getty Images)
Drugmaker Eli Lily said he was planning to set up four new manufacturing sites in the US in late February.
Three of the planned sites “focus on reusing key features in the manufacture of active pharmaceutical ingredients (APIs), small molecule chemical synthesis, and further strengthening Lily’s supply chain,” the company said.
With the four new facilities, Eli Lilly said US manufacturing investments would range from “more than doubled” to $50 billion. It committed $23 billion between 2020 and 2024.
GE Aerospace
GE Aerospace CEO Larry Culp announced its $1 billion investment in the US manufacturing industry, saying it could “treat” pressure from steel and aluminum tariffs.
According to a mid-March announcement from the company, GE Aerospace has invested nearly $1 billion in its US manufacturing and supply chain.
Of that, $500 million will focus on increasing its capabilities and increasing manufacturing sites.
The company is using $100 million to “expand production of innovative parts made from new materials and advanced manufacturing processes” by upgrading and adding equipment at various facilities, the company said.
The company also plans to allocate approximately 5,000 workers in the US to an external supplier base this year, according to the company.
GE Aerospace was formed as part of General Electric and was split into three independent companies early last year. The other two companies that came out were Ge Vernova and Ge Healthcare.
apple
(Michael Nagle/Bloomberg via Getty Images)
In February, Apple pledged $500 billion in funding over four years, saying Tech Giant was based on “a long history of American innovation and investment in advanced manufacturing.”
The investment will include Apple and its partners establishing a new “advanced manufacturing” facility in Houston, the company said. Set at 250,000 square feet, the site will produce servers aimed at Apple Artificial Intelligence when it is released next year.
Several other measures based on the $500 billion plan include strengthening the US advanced manufacturing fund, establishing a Michigan academy to train the next generation of US manufacturers, and expanding “research and development investments in the US to support cutting-edge fields such as silicon engineering.”
Hyundai
Jose Munoz, president and CEO of Hyundai Motor Company, is responding to the expected automotive industry tariffs on the “Craman Countdown.”
South Korea-based Hyundai Motor Group outlines the $21 billion investment it plans to make in the US in March
This includes $9 billion to bring US production annually to 1.2 million vehicles, $6 billion to “enhanced parts localization and logistics,” and $6 billion to “collaboration in future industries” such as autonomous driving, robotics, and energy infrastructure.
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“The Hyundai Motor Group is deepening its partnership with the US and strengthening our shared vision for American industrial leaders,” the company said. “The group’s investments and efforts will further expand its operations in the US and expand its American workforce.”
A new $21 billion investment will be made between 2025 and 2028.
nvidia
(dominika zarzycka/sopa images/lightrocket via Getty Images)
Last week, Nvidia said, “We will work with our manufacturing partners to design and build our factories, and will produce our first NVIDIA AI supercomputer entirely in the US.”
“The addition of American manufacturing will meet the incredible demand for AI chips and supercomputers, strengthen our supply chain and increase our resilience,” CEO Jensen Fan said.
The company said it “built and tested” more than 1 million square feet of manufacturing space with partners and “consigned” them.
The AI Supercomputer Manufacturing Plant is located in Texas. Nvidia said they have partnered with Foxconn and Wistron at their Houston and Dallas facilities, respectively.
Speaking of Blackwell Chips, Nvidia said they have already begun making them at TSMC’s factory in Phoenix.
Arizona also teams up with AMKOR, and is here, according to the company for “packaging and testing operations” of AI chips and supercomputer technology.
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