Peter Klausz

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Trade & Manufacturing

Companies Investing in or Moving to the USA

A sourced tracker of 44 companies announcing or building U.S. manufacturing capacity, with each company’s own stated rationale, current status and links, including delays and cancellations.

I’m Peter Klausz, a supply chain professional. This tracker shows what companies have said and what has been verified, and it labels announcements as announcements. It is not an endorsement of any company or policy.

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Last updated 2026-10-11. Facts on this page are sourced and dated; analysis is labeled as analysis. Announced investment is not the same as completed investment. General information only, not legal, customs, tax, investment or financial advice. Quotes are verbatim from the cited pages. Where a source gives no policy rationale, the table says so.

What the tracker shows

Across 44 entries, the status picture is mixed: 10 under construction, 9 under way, 5 operating at least in part, 12 announced only, and 8 delayed, paused, restructured or reported cancelled.

Analysis: large, well-capitalized firms in chips, pharmaceuticals, steel, grid equipment and defense show the most visible progress, often with demand drivers such as AI, grid load and munitions contracts. The battery and EV cluster shows the most reversals. Company rationales vary: 6 of 44 entries state no policy rationale in the cited source, and tariffs are discussed explicitly for only five of them (Hyundai, Johnson & Johnson, Mercedes-Benz, Volkswagen and Honda, the last in reporting on a reversed plan).

The Reshoring Initiative, which tracks reshoring and foreign direct investment job announcements, projected about 240,000 jobs announced in 2025, down about 7% from 2024, and noted that it did not include the “$20T of reshoring and FDI projects claimed by the President” (Reshoring Initiative, December 2025). Different trackers count different things, so totals from different sources are not comparable.

StatusEntries
Announced12
Under construction10
Under way9
Operating (in part)3
Delayed2
Operating2
Restructured / unfavorable2
Paused / unfavorable2
Operating (delayed)1
Reported cancelled / unfavorable1

Semiconductors & electronics

CompanyIndustryAnnounced investment or moveLocationDateStated rationale (company’s own words)Status as of 2026-10-11Sources
AppleConsumer electronics$600B U.S. commitment over four years, including the American Manufacturing Program (AMP) with U.S. suppliersNationwide, incl. Houston, TX2025-08-06 (raised); updates 2026-02-24 and 2026-08-13Tim Cook: “we’re grateful to the President for his support.” The release says AMP will “incentivize global companies to manufacture even more critical components in the United States.” No tariff statement in the release.Partly under way: Houston training center opened 2026-08-13; the $600B is a multi-year pledge, not verified spendingAnnouncement or source · Status source
Broadcom (Apple supplier)SemiconductorsApple multiyear agreement “expected to exceed $30 billion”; more than 15 billion U.S.-made chips; Fort Collins, CO facility expansionFort Collins, CO2026-07-08Apple release: Apple has been working “with the administration and businesses across the U.S. to help create an end-to-end silicon supply chain in America.”Announced (agreement and expansion)Announcement or source
TSMCSemiconductors$265B total Arizona plan per TSMC (six logic fabs, two advanced-packaging facilities, R&D center, plus more announced July 2026)Phoenix, AZ2026-07 (latest expansion; site chosen 2020)TSMC: new fabs announced “to support strong US customer demand.”Fab 1 operating (N4 volume production since Q4 2024); Fab 2 volume production on N3 targeted 2H 2027; Fab 3 under construction; Fab 4 and first packaging fab in early constructionAnnouncement or source
MicronMemory chipsMore than $250B in planned U.S. investment through 2035Boise, ID; Clay, NY; Virginia2026-07-09Micron: “driven by surging demand for memory in the AI era.” The release also says Micron will “remain disciplined” and “responsive to the market environment.”Under construction: NY first concrete poured July 2026; Idaho first-fab wafer output expected mid-2027 (company expectation)Announcement or source
Intel (Ohio One)SemiconductorsMore than $28B for two leading-edge fabsNew Albany, OHTimeline revised 2025-02-28Intel: aligning fab production start “with the needs of our business and broader market demand.”Delayed: Mod 1 operations 2030–2031, Mod 2 2032 (Intel, Feb 2025). A local report dated 2026-08-26 says the fab is still set to open by 2031Announcement or source · Status source
NVIDIAAI computing hardware“Up to half a trillion dollars of AI infrastructure” produced in the U.S. within four years through partners (production value with partners, not NVIDIA’s own capital spending)Arizona, Texas2025-04-14NVIDIA: partners are “expanding their global footprint and hardening supply chain resilience.”Partly under way: partner plant in Fort Worth producing NVIDIA systems (NVIDIA blog 2026-08-05); the four-year target is a planAnnouncement or source · Status source
Wistron (NVIDIA supplier)Electronics manufacturingNVIDIA blog cites “a combined $700 million commitment to U.S. advanced manufacturing”, 500+ jobs rising to 1,000 by end of 2026Fort Worth, TX2026-08-05Jensen Huang (NVIDIA): building plants in the U.S. “has allowed the United States to really reindustrialize for the first time in a long time.”Operating: producing GB300 systems and preparing Vera Rubin production (per NVIDIA)Announcement or source
Texas InstrumentsAnalog semiconductorsMore than $60B across seven fabs and three mega-sitesTexas (incl. Sherman) and Utah2025-06-18Haviv Ilan (TI CEO): “TI is building dependable, low-cost 300mm capacity at scale.” The release says TI is “working with the Trump administration.”Partly operating: Sherman SM1 began production 2025-12-17 and ramps with customer demand; later fabs not verified as builtAnnouncement or source · Status source
GlobalFoundriesSemiconductors$16B U.S. investment (headline: “to Reshore Essential Chip Manufacturing”)Malta, NY; Vermont2025-06-04Company headline: reshore “essential chip manufacturing and accelerate AI growth.”Announced; later company release says volume interposer production for AI packaging is expected to ramp at Malta in 1H 2028Announcement or source · Status source
Samsung ElectronicsSemiconductorsTaylor, TX fab (total investment figure not verified for this tracker)Taylor, TX2026-09-16 (report)No policy rationale stated in the cited source.Early production: trial production of Tesla AI chips reported by Seoul Economic Daily; volume supply reported as expected in 2027Announcement or source
SK hynixHBM memory packagingMore than $4B advanced packaging fabWest Lafayette, IN2026-08-28 (groundbreaking)SK hynix: to “help stabilize the U.S. semiconductor supply chain and contribute to strengthening U.S. national security and economy.”Under construction: cleanroom due October 2028; next-generation HBM mass production planned 2H 2029Announcement or source
AmkorChip packaging and test$7B (2025-10-06) raised to $12B (2026-09-08)Peoria, AZ2025-10-06; 2026-09-08Amkor: phase 2 “[d]riven by strong customer commitments.”Under construction (phase 2 announced)Announcement or source
WolfspeedSilicon carbide semiconductorsEarlier U.S. expansion plans (investment figure not verified for this tracker)North Carolina2025-09-29 (restructuring completed)Company: a “Growth Plan to Leverage Installed 200mm Capacity.”Restructured: emerged from Chapter 11 on 2025-09-29, cutting debt about 70% (company); expansion pace slowedAnnouncement or source

Pharma & life sciences

CompanyIndustryAnnounced investment or moveLocationDateStated rationale (company’s own words)Status as of 2026-10-11Sources
Eli LillyPharmaceuticals$50B push to reshore medicine production; Houston API site $6.5B; ten U.S. sites announced since 2020Houston, TX (plus VA, AL, PA and others)2026-09-21 (Houston groundbreaking)Lilly: “to meet growing demand at home and export American-made medicines to people around the world.”Under construction (Houston groundbreaking 2026-09-21)Announcement or source
Johnson & JohnsonPharma / medtech$55B in U.S. manufacturing, R&D and technology investment by early 2029; two additional facilities announced (North Carolina and Pennsylvania)Wilson, NC; Pennsylvania2026-01-08 (release); 2026-01-09 (NC announcement)J&J’s release was issued alongside a voluntary agreement with the U.S. government on medicine access and costs; it says J&J “Delivers on U.S. Manufacturing and Innovation Investments” (headline).Under construction: $2B Wilson, NC biologics plant (company release); two additional facilities announcedAnnouncement or source · Status source
Roche / GenentechPharmaceuticals$50B Roche U.S. commitment; Holly Springs, NC facility first >$700M, later about $2BHolly Springs, NC2025-08-25 (groundbreaking); 2026-01-20 (expanded)Genentech’s Magargee: “We are supportive of President Trump’s goal to bring more pharmaceutical manufacturing to the United States.”Under construction (topping-out milestone 2026-08-18)Announcement or source · Status source
AstraZenecaPharmaceuticals$50B investment in U.S. medicines R&D and manufacturing; $4.5B Virginia facility, 3,600 jobs (company figure)Albemarle County, VA2025-10-09AstraZeneca release: the investment “offers assurance from a national security and health sovereignty perspective.”Under construction (groundbreaking 2025-10-09; operations years away)Announcement or source
NovartisPharmaceuticals$23B over five years; seven new U.S. facilitiesMultiple states, incl. NC2026-04-30 (plan finalized)Vas Narasimhan (CEO): “strengthening our ability to locally develop, produce, and deliver medicines at scale.”Progressing: company says all components of the plan have progressedAnnouncement or source
AbbViePharmaceuticals$100B in U.S. R&D and capital over a decade; $1.4B Durham, NC campus (734 jobs)Durham, NC2026-04-22Robert Michael (CEO): “strengthening our ability to support future medical breakthroughs.”Announced; construction begins 2026, completion expected by end of 2028Announcement or source
MerckPharmaceuticalsMore than $70B in U.S. R&D and capital beginning 2025; $3B Elkton, VA facilityElkton, VA2025-10-20Robert Davis (CEO): the investment “helps advance our goal of providing new, innovative treatment options.”Under construction (start of construction 2025-10-20)Announcement or source
AmgenBiotechnologyAdditional $300M; company says nearly $2B in U.S. manufacturing investment over the last yearJuncos, Puerto Rico (U.S. territory)2026-05Robert Bradway (CEO): “this expansion reflects our continued commitment to American manufacturing.”AnnouncedAnnouncement or source
GSKPharmaceuticals$30B in U.S. R&D and manufacturing over five years, incl. $1.2B (biologics flex factory, Upper Merion, PA)Pennsylvania and other sites2025-09-17GSK: “developing and making products in the United States for the United States.”Announced; release said construction at Upper Merion was planned to begin in 2026 (not verified as started)Announcement or source

Autos & batteries

CompanyIndustryAnnounced investment or moveLocationDateStated rationale (company’s own words)Status as of 2026-10-11Sources
Hyundai Motor GroupAutomotive$26B U.S. investment through 2028 (per Hyundai CEO)Georgia, Louisiana and othersStatement 2026-08-20José Muñoz (Hyundai CEO): “the USA is the most important market in the world besides Korea.” On tariffs, CNBC quotes him: “Tariffs are helping accelerate our localization plan.”Under way: Georgia Metaplant operating; CEO says a capacity increase to 700,000–800,000 units by 2028 is being considered (not confirmed)Announcement or source
Hyundai SteelSteel (automotive supply)$5.8B electric-arc-furnace steel mill, 2.7M metric tons per yearLouisiana2026-09-04 (project launch)Euisun Chung (Hyundai Motor Group): “As America strengthens its manufacturing leadership, steel will continue to power the next chapter of its industrial resurgence.”Under construction; commercial production targeted 2029Announcement or source
StellantisAutomotive$13B U.S. plan (headline: “to Grow in the United States”); Belvidere, IL investment raised to more than $800MBelvidere, IL and others2025-10 (plan); 2026-08-14 (Belvidere update)No policy rationale stated in the cited source.Delayed: Belvidere pilot production now expected 1H 2028 and retail production 2H 2029, versus 2027 previously; more than $60M spent through July 2026Announcement or source · Status source
General MotorsAutomotive$4B in three U.S. plants (headline: “GM to invest $4 billion in its U.S. manufacturing plants”); +$275M at Spring Hill, TN (2026-06-24)Orion, MI; Fairfax, KS; Spring Hill, TN2025-06-10; 2026-06-24No policy rationale stated in the cited source.Under way (investments continuing; Spring Hill addition announced 2026-06-24)Announcement or source · Status source
GM / Samsung SDI joint ventureEV batteries$3.5B battery projectNew Carlisle, IN2026-05-14 (report)Indiana Economic Development Corporation spokesperson (not the companies): “The project is being paused.”Paused (EV demand recalibration, per the report)Announcement or source
Ford / BlueOval SKEV batteriesJoint venture dissolved; Ford took full ownership of two Kentucky battery plants, SK On took the Tennessee plantGlendale, KY; Stanton, TN2026-05-22 (report)SK On Tennessee spokesperson: the company “looks forward to supplying batteries for its future electrified vehicles.”Restructured: Kentucky plant idled while Ford transitions to energy-storage batteries (WKYU, 2026-02-09); SK On plans production at Stanton from 2028Announcement or source · Status source
Panasonic EnergyEV batteriesDe Soto, KS plant (about $830M in Kansas tax credits per the report)De Soto, KS2026-06-17 (report)No policy rationale stated in the cited source.Operating, ramp-up delayed; some capacity being converted for data-center batteries (report)Announcement or source
ToyotaAutomotiveUp to $10B additional U.S. investment over five years; $1B first phaseKentucky; Indiana (first phase)2025-11-13; 2026-03-24Mark Templin (Toyota COO): investment is “tied to our philosophy of building where we sell and buying where we build.”Announced; first $1B phase announced 2026-03-24Announcement or source · Status source
Mercedes-BenzAutomotive$7B in the U.S. by 2030, including $4B for a new GLC lineTuscaloosa, AL2026-03-31 (announcement); 2026-04-03 (MotorTrend)Michael Schiebe (Mercedes board): “The U.S. is such an important market for us and the GLC is such an important car for the U.S. market, so it only makes sense to produce the car here in the U.S.” MotorTrend reports tariffs were part, but not all, of the reason.Announced; GLC production expected to begin in 2029Announcement or source
Volkswagen (Audi U.S. plant)AutomotiveProposed Audi plant in the United StatesUnited States (site not selected)2026-01-25Oliver Blume (VW CEO): “Given an unchanged tariff burden, large additional investment cannot be funded.”Paused: plant plan at risk unless tariffs fall (CEO, January 2026). Later press reports of a board review were not verifiedAnnouncement or source
HondaAutomotivePlanned next-generation Civic production in Greensburg, IN, reported cancelledGreensburg, IN2026-10-11 (report)No policy rationale stated in the cited source.Reported cancelled by a trade-press article; company confirmation was not seen in the cited sourceAnnouncement or source

Industrial, appliances & grid equipment

CompanyIndustryAnnounced investment or moveLocationDateStated rationale (company’s own words)Status as of 2026-10-11Sources
GE AppliancesHome appliancesMore than $3B over five years, modernizing 11 plants; +$1B in Louisville announced 2026-09Kentucky, Alabama, Georgia, Tennessee, South Carolina2025-08-13; 2026-09-02Kevin Nolan (CEO): “our $3 billion, five-year plan shows that our commitment to U.S. manufacturing will continue into the future.” The release describes ranges previously made in Mexico moving to the U.S.Under way (insourcing and plant upgrades; first Camden, SC phase due early 2026)Announcement or source · Status source
WhirlpoolHome appliances$60M new component facility, up to 150 jobsPerrysburg, OH2026-04-10Marc Bitzer (CEO): “When there is a level playing field, our American workers can out-compete anyone in the world.”AnnouncedAnnouncement or source
CaterpillarHeavy equipmentAbout $1B to expand Cat Compact manufacturingSanford, NC2026-09-30Rod Shurman (Caterpillar): “As demand for compact equipment continues to increase, we’re investing to better serve this growing segment of customers.”Announced (“intends to invest”)Announcement or source
GE AerospaceAerospace$1B across 30+ communities in 17 states (second consecutive $1B); plans 5,000 U.S. hires17 states2026-03-09Larry Culp (CEO): “Maintaining U.S. aerospace leadership requires sustained investment in our people, our facilities, and the technologies that will define the future of flight.”Announced / ongoing annual programAnnouncement or source
Hitachi EnergyGrid equipment$457M large power transformer plant, about 825 jobsSouth Boston, VA2026-06-29 (groundbreaking)Company release: the project “[s]trengthens Virginia’s role in producing equipment essential to a reliable, resilient electric grid as energy demand skyrockets.”Under constructionAnnouncement or source
SiemensElectrical equipmentMore than $200M in Pendergrass, GA and Grand Prairie, TX (1,500+ jobs); $30M Prince George, VA switchgear site (operated by Jabil)Georgia, Texas, Virginia2026-08-07; 2026-05-27Ann Fairchild (Siemens USA CEO): “There is unprecedented demand for critical infrastructure here in the U.S.”AnnouncedAnnouncement or source · Status source

Metals

CompanyIndustryAnnounced investment or moveLocationDateStated rationale (company’s own words)Status as of 2026-10-11Sources
Nippon Steel / U.S. SteelSteelAbout $11B in new investment in U.S. Steel by 2028 under a National Security AgreementPennsylvania, Illinois and others2025-06-18Commitment made under a National Security Agreement with the U.S. government (company release).Under way: Granite City Blast Furnace B restarted 2026-03-30; Mon Valley hot strip mill slated for 2029Announcement or source · Status source
NucorSteel$4B sheet mill; separate $105M Indiana utility-structures expansionWest Virginia; Crawfordsville, IN2026-08-27 (WV status); 2026 (Indiana release)Leon Topalian (CEO, Indiana expansion): “the strong demand we are seeing in the utility market.”Commissioning: first arc struck in the West Virginia melt shop (trade press, 2026-08-27)Announcement or source · Status source
Cleveland-CliffsSteel$1B Middletown Works modernization, supported by a $500M U.S. DOE awardMiddletown, OH2026-08-21Lourenco Goncalves (CEO): “Cleveland-Cliffs is making a decisive investment in the future of American steelmaking and manufacturing.”Announced; blast-furnace rebuild completion planned Q1 2030Announcement or source

Defense

CompanyIndustryAnnounced investment or moveLocationDateStated rationale (company’s own words)Status as of 2026-10-11Sources
AndurilDefenseArsenal-1 production campusPickaway County, OH2025-01-16 (announced); Fury production began 2026-03; first Ohio-built Fury 2026-07-27No policy rationale stated in the cited source.Operating: Fury production under wayAnnouncement or source
Lockheed MartinDefense$8–$9B through 2030 to modernize 20+ U.S. facilities and scale munitions output20+ U.S. facilities, incl. Troy, AL2026Dan Nimblett (Lockheed): “We are moving with speed to support the Department of War’s Arsenal of Freedom.” Plans to triple PAC-3 MSE capacity by end of 2030 under a contract of up to $53.86B.Under way (groundbreakings held; contract-backed)Announcement or source

Unfavorable and cautionary updates

These are the entries where the cited sources report a delay, pause, restructuring or reported cancellation. They matter because they show why announcements are not delivery.

  • **Intel (Ohio One):** Delayed: Mod 1 operations 2030–2031, Mod 2 2032 (Intel, Feb 2025). A local report dated 2026-08-26 says the fab is still set to open by 2031.
  • **Wolfspeed:** Restructured: emerged from Chapter 11 on 2025-09-29, cutting debt about 70% (company); expansion pace slowed.
  • **Stellantis:** Delayed: Belvidere pilot production now expected 1H 2028 and retail production 2H 2029, versus 2027 previously; more than $60M spent through July 2026.
  • **GM / Samsung SDI joint venture:** Paused (EV demand recalibration, per the report).
  • **Ford / BlueOval SK:** Restructured: Kentucky plant idled while Ford transitions to energy-storage batteries (WKYU, 2026-02-09); SK On plans production at Stanton from 2028.
  • **Panasonic Energy:** Operating, ramp-up delayed; some capacity being converted for data-center batteries (report).
  • **Volkswagen (Audi U.S. plant):** Paused: plant plan at risk unless tariffs fall (CEO, January 2026). Later press reports of a board review were not verified.
  • **Honda:** Reported cancelled by a trade-press article; company confirmation was not seen in the cited source.

Analysis: several reversals are in EV batteries, where the 2025 tax-law changes ended the new clean vehicle credit for vehicles acquired after 2025-09-30 (IRS FAQ). Others reflect company-specific demand or cost choices, such as Intel’s alignment of fab timing with demand and Volkswagen’s tariff-cost argument.

Method and caveats

  • **What I included:** companies with a public, dated announcement and a primary source (company release, SEC filing, government release) or a named trade-press report, covering semiconductors, pharmaceuticals, autos and batteries, industrial and grid equipment, metals and defense.
  • **Rationale column:** quotes or close attributed paraphrases of what the company said in the cited page. I did not infer motives. “No policy rationale stated in the cited source.” means exactly that.
  • **Dollar figures:** as stated by the company or source, usually multi-year, and often including research and development and spending already planned. They are not audited and cannot be summed.
  • **Status:** announced (publicly stated, no verified construction), under construction, under way (programs in progress), operating (production reported), delayed, paused, restructured, or reported cancelled. Status comes from the cited pages on 2026-10-11.
  • **Secondary sources:** Samsung, Honda, Panasonic, Ford/BlueOval SK, GM/Samsung SDI, Stellantis (status) and Volkswagen rely on press or trade reports rather than company releases, and are labeled as such.
  • **Blocked pages:** a few company pages block automated fetching (Intel, GlobalFoundries, Stellantis and GM). I confirmed their headlines through search indexes and used other dated pages for status.
  • **Not covered:** state-level incentives, small-company announcements, and investment that happened without a public announcement.

This tracker is general information, not investment advice. Included companies have not reviewed or endorsed this page.

Frequently asked questions

Does an announced investment mean the money has been spent?

No. Announced figures are usually multi-year company commitments that can include research and development, equipment, existing spending or plans contingent on demand. This tracker lists a status for each entry, and many are still announced or under construction. Micron, for example, said it would stay “disciplined” and “responsive to the market environment.”

Why does the tracker include delays and cancellations?

Because a one-sided list would be misleading. Intel’s Ohio fabs, Stellantis’ Belvidere plant, the GM and Samsung SDI battery project, Ford’s BlueOval SK venture, Volkswagen’s Audi plant and a reported Honda change are included with sources.

Are tariffs the reason companies are investing in the U.S.?

In the sources cited here, companies give varied reasons: customer demand, proximity to customers, national security, government relationships and, in a few cases, tariffs. Of the 44 entries, 6 have no policy rationale stated in the cited source. Tariffs are discussed explicitly in the cited material for Hyundai, Johnson & Johnson (a tariff-exemption agreement), Mercedes-Benz, Volkswagen and, in reporting on the reversed Civic move, Honda. Elsewhere the cited pages mention tariffs only in forward-looking risk language or not at all.

How was the list chosen?

It is not a census or a ranking. I selected companies with public, sourced announcements across semiconductors, pharmaceuticals, autos and batteries, industrial and grid equipment, metals and defense, and I included both favorable and unfavorable updates. Smaller companies and announcements without reliable sources are not covered.

How current is the data?

Statuses were checked on 2026-10-11 against the cited pages. Projects change quickly, so use the links to check the latest status.

Can you add or correct an entry?

Yes. If you represent a company or see an error, use the contact page with a link to a primary source, and I’ll review it.

Restoring U.S. Manufacturing

Reshoring drivers, policy tools, constraints and what it means for small manufacturers.

Read the page

Trade Wars and Tariffs: Current State

Timeline, legal status and a practical sourcing playbook.

Read the page

Working through these issues in your own supply chain? See Manufacturing Procurement & Supply Chain Services, Statadventure (supply chain software in Python and SQL), the Supply Chain Knowledge Base, all services, or get in touch.

Sources

Every figure above comes from one of these sources, with the as-of date shown in the text. Links were checked on 2026-10-11.

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