Hyundai to invest billions to bring in manufacturing operations to us

Hyundai plans To invest $ 20 billion to bring manufacturing operations to the United States, a White House official confirmed to Fox Business.

Part of the investment from the South Korea auto company will go to building a steel factory from the next generation. The materials will be used in two of its American factories and will be employed 1500 people. The rest of the funds will be allocated to expand manufacturing in the United States

The auto industry company is the latest among the increasing number of companies that announce plans to increase investment in the United States under the Trump administration, which uses the customs tariff to encourage companies to re -manufacture to American territory and reduce dependence on foreign goods.

Apple reveals a historic investment of $ 500 billion in American manufacturing, innovation: “future rise”

With the emphasis on the mission of the administration, Vice President JD Vance posted on X earlier this month that companies will be rewarded for investing in America and created in America.

“We will reduce regulations and reduce taxes. But if you are building outside the United States, you are alone,” he wrote.

The news comes from Hyundai a few weeks after the GE Aerospace announcement Almost $ 1 billion is an investment To help “enhance manufacturing and increase the use of innovative new parts and materials needed for the future of the trip.” GE said that the money, which is close to last year’s commitment, will help increase the safety, quality and quality of motors, which benefits more than twenty societies in 16 states. GE said it would also use about 5,000 manufacturing and engineering workers in the United States.

Elie Lily invests 27 billion dollars in the United States manufacturing

In February, Eli Lilly announced that it has been investing an additional 27 billion dollars to enhance domestic drug production, which amounts to the company’s total manufacturing investments in the United States to more than $ 50 billion since 2020.

Apple has also announced that it has committed $ 500 billion over the next five years, which will include the construction of an advanced artificial intelligence factory near Houston, in addition to doubling the company’s advanced manufacturing fund from 5 billion dollars to 10 billion dollars.

The technology giant also plans to create Apple Manufacturing Academy In Detroit, In addition to employing 20,000 new employees, focusing on research, development, silicone engineering, artificial intelligence and machine learning.

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The semiconductor manufacturer in Taiwan said it will invest $ 100 billion in the manufacture of US -based semiconductors, the US -based CMM CGM, to invest $ 20 billion in US shipping and logistical services.

Softbank, desires, meta Others also committed to investing in the United States under Trump’s leadership. until Nissan CEO Makoto Uchida suggested that the Trump tariff can force the car manufacturer to transfer its production outside Mexico.

The administration described that “Trump is on a mission to make America the superpower in the world.” While economist Michael Szanto believes that the transfer of more industrialization to the United States is a “goal worth”, he said, “It will take time and will not be without pain.”

“The construction of advanced factories such as the chips causes can take years and cost billions of dollars,” Szanto said. He said that prices may rise in the short term because the United States lacks “some people even building some factories, not to mention their employees.”

However, he said, “Our strength in manufacturing is that the United States has some of the greatest energy resources to operate our factories at a cheap price” and that “in the future in automation and robots will allow us to reduce the shortage of employment.”