TRUMP EFFECT: A Running List of New U.S. Investment in President Trump’s Second Term

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Since President Donald J. Trump took office, his unwavering commitment to revitalizing American industry has spurred trillions of dollars of investments in U.S. manufacturing, production, and innovation — and the list only continues to grow.

Here is a non-comprehensive running list of new U.S.-based investments in President Trump’s second term:

  • Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
  • Apple announced a $500 billion investment in U.S. manufacturing and training.
  • NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
  • IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
  • Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
  • Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology.
  • Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction.
  • Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.
  • United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure.
  • Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.
  • Hyundai announced a $21 billion U.S.-based investment — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs.
    • Hyundai also secured an equity investment and agreement from Posco Holdings, South Korea’s top steel maker.
  • United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
  • France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
  • Thermo Fisher Scientific announced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts.
  • Merck & Co. announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs.
  • Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
  • Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, manufacturing plant.
  • Regeneron Pharmaceuticals, Inc., a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
  • NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
  • Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs.
  • Chobani, a Greek yogurt giant, announced a $1.2 billion investment to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs — adding to the company’s earlier announcement that it will invest $500 million to expand its Idaho manufacturing plant.
  • GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
  • Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
  • Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure.
  • GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
  • Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities.
  • AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch.
  • London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
  • Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
  • Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
  • The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs.
  • Clasen Quality Chocolate announced a $230 million investment to build a new production facility in Virginia, which will create 250 new jobs.
  • Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs.
  • Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
  • TS Conductor announced a $134 million investment to build an advanced conductor manufacturing facility in South Carolina, which will create nearly 500 new jobs.
  • Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
  • Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
  • Charms, LLC, a subsidiary of candymaker Tootsie Roll Industries, announced a $97.7 million investment to expand its production plant and distribution center in Tennessee.
  • Toyota Motor Corporation announced an $88 million investment to boost hybrid vehicle production at its West Virginia factory, securing employment for the 2,000 workers at the factory.
  • AeroVironment, a defense contractor, announced a $42.3 million investment to build a new manufacturing facility in Utah.
  • Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
  • India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
  • Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
  • Cyclic Materials, a Canadian advanced recycling company for rare earth elements, announced a $20 million investment in its first U.S.-based commercial facility, located in Mesa, Arizona.
  • Guardian Bikes announced a $19 million investment to build the first U.S.-based large-scale bicycle frame manufacturing operation in Indiana.
  • Amsterdam-based AMG Critical Minerals announced a $15 million investment to build a chrome manufacturing facility in Pennsylvania.
  • NOVONIX Limited, an Australia-based battery technology company, announced a $4.6 million investment to build a synthetic graphite manufacturing facility in Tennessee.
  • LGM Pharma announced a $6 million investment to expand its manufacturing facility in Rosenberg, Texas.
  • ViDARR Inc., a defense optical equipment manufacturer, announced a $2.69 million investment to open a new facility in Virginia.

That doesn’t even include the U.S. investments pledged by foreign countries:

  • United Arab Emirates announced a $1.4 trillion investment in the U.S. over the next decade.
  • Saudi Arabia announced it intends to invest $600 billion in the U.S. over the next four years.
  • Japan announced a $1 trillion investment in the U.S.
  • Taiwan announced a pledge to boost its U.S.-based investment.

Last updated on April 29, 2025

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