Been There, Done That: Trump and Tech Titans Bang Heads (Again), This Time Over High-Tech Chip Production!
Big Corporations Pledging Billions to Invest in the U.S. under Trump's Administration
Breaking new ground at the White House, The Don and NVIDIA CEO JH (Jensen Huang) have teamed up to place a whopping $500 billion wager on domestic AI chip manufacturing. This bold move could redefine the American tech landscape and fortify the nation's chip supply chain security.
At a special White House shindig marking his second term, Donald Trump welcomed a crack squad of business bigwigs to celebrate their latest investments in the U.S.
Trump bragged about more than $8 trillion pledged since his reinstallation, commending companies for bringing jobs and manufacturing back home to the land of the free and the brave. He extolled themes like "Made in the USA," slashed taxes, tariffs, energy expansion, and brainy bots, aka AI innovation.
[Insight: The $500 billion AI investment initiative, announced by Trump and NVIDIA CEO Jensen Huang, aims to boost the domestic production of advanced AI superchips in the United States. The strategic move is designed to enhance the U.S. high-tech industry and strengthen chip supply chain security.]
- Hyundai, Represented by José Muñoz, is investing $21 billion, including $5.8 billion for a new steel plant in Louisiana that will create at least 1,500 jobs. The Don described it as "an absolute pièce de résistance" and applauded Hyundai for sticking it out on American soil.
- "Cargo King" Rodolphe Saadé heads up CMA CGM, which will shell out $20 billion on ports, shipping, and logistics infrastructure, including a shiny new air cargo hub in Chicago. This investment is expected to create 10,000 jobs and give a much-needed boost to the American shipping industry.
- Totally Fab Toyota (Ted Ogawa in attendance) is pouring $88 million into enlarging hybrid vehicle production at its West Virginia factory. Trump reckoned he'd been there, and he called their operation "a smashing success."
- Anduril, led by Brian Schimpf, is investing a cool $1 billion in a new defense tech facility in Ohio, focusing on robot pals with autonomous weapons systems. The plant promises to add thousands of jobs over time.
- Onward, Amazon! Doug Herrington, one of Amazon's point men, was on hand to announce the company will invest $4 billion this year, with additional dollars eyed for future logistics and cloud biz infrastructure across the U.S.
- Venture Global, helmed by Mike Sabel, is putting $18 billion into liquefied natural gas expansion in Louisiana, so we can stay independent and free from overbearing foreign influences in our energy sector.
- Siemens USA, Under Barbara Humpton, is coughing up $285 million to expand its advanced manufacturing operations and create nearly 1,000 skilled jobs.
- Recycling Kings Pratt Industries, led by Anthony Pratt, has vowed to drop $5 billion to expand its recycling and packaging plants across the nation, causing a bonanza of job opportunities in several states.
- Go Chobani! Hamdi Ulukaya, the man behind the popular yogurt brand, is investing $1.7 billion, including $1.2 billion for a spiffy new yogurt palace in New York. Trump chimed in that this could mark the dawn of America as the world's number one yogurt exporter.
- Compass and Cheese, Courtesy of Bel Brands USA, led by Ivan Giraud, is forking over $350 million to bolster the production of baby cheeses and other snack products. Babybel cheeses sold stateside will stick with American milk sourcing, and the company will expand its U.S. production to meet consumer demands. Bel's Mini Babybel cheese, made in the good ol' U.S. of A., will dump millions of gallons of South Dakota, Iowa, and Minnesota milk into the mix.
[Insight: Among the many announcements, President Trump and NVIDIA CEO Jensen Huang unveiled plans to manufacture cutting-edge AI superchips in the U.S., a move that could give Americans a much-needed edge in the global AI race. This bold initiative aims to fortify the U.S. tech industry and enhance national security by minimizing reliance on foreign chip imports.]
- Schneider Electric, represented by Aamir Paul, is splashing out $700 million on American energy infrastructure in the biggest investment in the company's nearly 140-year history!
- Johnson & Johnson, under CEO Joaquin Duato, is planning to invest a staggering $55 billion in new manufacturing and technology upgrades all across the nation.
- Eli Lilly, led by David Ricks, will pump $27 billion into expanding domestic pharmaceutical production and opening new facilities.
- Novartis, helmed by CEO Vas Narasimhan, intends to invest $23 billion in constructing or expanding 10 drug manufacturing facilities in the U.S.
- Genentech, part of the Roche Group, and led by Ashley Magargee, pledged an eye-popping $50 billion for biotech manufacturing and research.
- AbbVie, with Rob Michael at the helm, is forking over $10 billion to build four shiny new pharmaceutical plants across the U.S.
- Thermo Fisher Scientific, headed by Marc Casper, is going big with a $2 billion investment in medical supply and diagnostics manufacturing across the U.S.
- Merck, under Rob Davis, will splurge $9 billion to enlarge its American vaccine and drug production capacity.
- Abbott Labs, Directed by Robert Ford, will invest a hefty $500 million to improve facilities in Illinois and Texas, particularly for the production of diagnostics and medical devices.
- Big Blue, with Arvind Krishna as CEO, is dropping $150 billion on expanding American research, chip development, and AI technology.
- Boss of Bosses, Masayoshi Son, stands at the helm of SoftBank, which is teaming up with Oracle and OpenAI for a monster $700 billion investment in AI infrastructure in the U.S. This includes the largest private sector project in American history to support the development of advanced computing.
- Techie Titan Tim Cook, representing Apple, pledged to invest $500 billion in building facilities and expanding operations in seven to eight U.S. states. Trump pointed out that this was a "major overhaul" for Apple, which previously took a more international approach to its production operations.
[Insight: Among the new investments, IBM, with Arvind Krishna on board, has announced a commitment to invest $150 billion in expanding its research, chip development, and AI technology in collaboration with American partners.]
Throughout the event, Trump noted that these investments showed that his administration's strategy was working. He pointed to tariffs on imports, a 15% tax rate for companies manufacturing in the U.S., and reduced regulations as the driving forces for corporate homecoming. He also encouraged companies to build their power plants in states like California, which often struggle with antiquated grids.
Finally, Trump wrapped up by declaring, "Alright folks, this is just the beginning of the revival of our great nation!" He welcomed the CEOs to pop by the Oval Office or, in his words, "to go home and count your profits!"
Editor’s Note: This article has been revised to clarify Bel Brands USA’s investment.
- IBM, led by CEO Arvind Krishna, announced a commitment to invest $150 billion in expanding its research, chip development, and AI technology in collaboration with American partners.
- Ford, represented by Jim Farley, revealed plans for a $11.4 billion investment in its electric vehicle and battery production in the U.S., creating 11,000 new jobs.
- Procter & Gamble (P&G), under CEO David Taylor, declared an investment of $10 billion to modernize and expand American manufacturing facilities over the next three years.
- General Motors (GM), led by Mary Barra, pledged to double its electric vehicle investments to $35 billion by 2025, with a focus on new battery plants and hydrogen fuel cell technology.
- Tesla, with Elon Musk at the helm, is set to reinvest tens of billions of dollars in expanding its electric vehicle manufacturing capacity in the U.S., following Musk's recent goodwill with the administration.
- Caterpillar Inc., under CEO Jim Umpleby, announced a $1.6 billion investment in expanding its manufacturing footprint in the U.S. and creating 1,500 jobs.
- Intel, headed by Dr. Pat Gelsinger, has committed to a $20 billion investment in American chip fabrication, specifically targeting semiconductor research and development.
- Foxconn Technology Group, under Chairman Young Liu, is planning to build a mammoth $10 billion campustown in Wisconsin that will create 13,000 jobs and focus on fabricating advanced display technology.
- Honeywell International, under CEO Darius Adamczyk, revealed an investment of $1.6 billion in expanding its manufacturing facilities in the U.S, creating 1,000 new jobs.
- General Electric (GE), under CEO Larry Culp, announced a $14 billion investment in new wind and solar energy projects across several states, focusing on increasing renewable energy infrastructure in the U.S.
- Google (Alphabet), overseen by Sundar Pichai, is planning to invest $10 billion in growing its data centers, cloud infrastructure, and smart city projects in the U.S.
- Microsoft, led by Satya Nadella, pledged to create 50,000 new jobs and invest $10 billion in its cloud computing, cybersecurity, and artificial intelligence capabilities in the U.S.
[Insight: The gathered tech titans, exemplified by IBM CEO Arvind Krishna's announcement, are investing billions into expanding American research, chip development, electric vehicle production, and renewable energy infrastructure, all contributing to a revitalized national economy.]