I'm not saying it's a bad thing, just that the money hasn't been invested yet, and many stand in line to commit but don't always fully come through.
The below was AI generated, but there were commitments ... these were just some plant investments.
In the past
two years, several major
foreign companies have announced or made significant
investments in new plants in the U.S., particularly in the
EV, battery, semiconductor, and manufacturing sectors. Here are some of the biggest:
1. EV & Battery Manufacturing
- Hyundai Motor Group (South Korea) – $5.54 billion for an EV and battery plant in Black Creek, GA.
- LG Energy Solution (South Korea) – $5.5 billion for a battery plant in Arizona.
- Toyota (Japan) – $3.4 billion for battery production in North Carolina.
- Honda & LG Energy Solution (Japan/South Korea) – $4.4 billion for a battery plant in Ohio.
- Panasonic (Japan) – $4 billion for an EV battery plant in Kansas and $4 billion+ for another in Oklahoma.
- Samsung SDI & Stellantis (South Korea/Netherlands) – $3.2 billion for a battery plant in Indiana.
2. Semiconductor & Tech Manufacturing
- TSMC (Taiwan) – $40 billion for two semiconductor plants in Arizona (largest foreign direct investment in U.S. history for semiconductors).
- Samsung (South Korea) – $17 billion for a semiconductor fab in Texas.
- SK Hynix (South Korea) – $15 billion for chip packaging and R&D facilities in the U.S. (exact locations TBD).
- Infineon (Germany) – $700 million for a semiconductor plant in Texas.
3. Other Manufacturing & Industrial Investments
- BMW (Germany) – $1.7 billion for EV and battery production in South Carolina.
- Volkswagen (Germany) – $2 billion for EV production in Tennessee.
- Daimler Truck (Germany) – $650 million for battery production and truck assembly in North Carolina.
These investments are part of a broader trend of
reshoring and nearshoring due to incentives like the
Inflation Reduction Act (IRA) and the
CHIPS Act, which encourage domestic production of critical technologies.