Hyundai will invest billions in the US to increase production operations

Hyundai plans In order to invest $ 20 billion to bring production operations in the United States, the White House announced on Monday.

Part of the investment, about $ 5.8 million, will be directed to the construction of the next generation steel plant that will supply two plants and employ over 1400 people. The rest of the money will be intended to expand production in the United States

President Trump said two plants in Alabama and Georgia, “soon produce more than one million cars of American made every year” for investment.

The car manufacturer is the latest among the growing number of companies that announce plans for increasing investment in the US under Trump’s administration, which uses tariffs to encourage companies to return production to US soil and reduce reliance on foreign goods.

Apple reveals a historical investment of $ 500 billion in US production, innovation: ‘Bullish on the Future’

“Cars come to this country at levels that have never been seen before. Prepare. This investment is a clear demonstration that the tariffs are very strong,” Trump said.

Vice President JD Vance announced on X earlier this month that companies will be awarded to invest and create jobs in America.

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

Hyundai’s news comes only a few weeks after Geneespace has announced a Investment of almost $ 1 billion To “help” strengthen production and increase the use of new innovative parts and materials needed for the future of the flight. “GE said that the funds, almost doubled last year’s obligations, would help to increase the safety, quality and delivery of the engine, which will benefit from more than two dozen communities in 16 countries. GE said it would also hire about 5,000 US production and engineering workers.

Eli Lilly invests $ 27 billion more in American production

Eli Lilly announced in February that she was investing an additional $ 27 billion to increase domestic drug production, which is a total US investment in US production of 2020 since 2020. Johnson & Johnson also announced an investment of $ 55 billion over four years.

Apple also announced that he has been committing $ 500 billion in the next five years, which will include the construction of the Advanced AI production factory near Houston, as well as the doubling of the Advanced Fund of the company with $ 5 billion to $ 10 billion.

Technical giant also plans to establish an Apple Manufacturing Academy In Detroit, As well as employ 20,000 new employees with a focus on research and development, silicone engineering, artificial intelligence and machine learning.

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The Taiwanese company for the production of the semiconductor said it would invest $ 100 billion in US Semiconductor Chip Manufacturing and Shipping Giant CGM CGM will invest $ 20 billion in American shipping and logistics.

Softbank, lady, meta And others also committed to investing in the US under Trump. Even Nissan CEO Makoto Uchida suggested that Trump’s tariffs can force car manufacturers to transfer their production outside Mexico.

The administration said “Trump on the mission to become America to become a production superpower of the world.” While economist Michael Szanto believes that the transition of greater production back to the United States is a “worthy goal,” he said he would “take time and would not be without pain.”

“Construction of advanced factories like Chip Lionies can last for years and cost billion dollars,” Szanto said. He said prices can be increased in the short term because the US is missing “some of the people who would even build some factories, let alone staff.”

However, he said that “our power in production is that the United States has some of the greatest energy resources to fabricate our factories” and that “in the future, it will make progress in automation and robotics to alleviate staff shortages.”