Johnson & Johnson announced that it will invest over $55 billion in the United States over the next four years, which includes building four new manufacturing plants. This move comes as several companies, including J&J, have recently emphasized increasing their investments in the U.S., a priority under the Trump administration. Eli Lilly & Co., a major competitor to J&J, also revealed plans in late February to construct four new factories in the U.S. Both companies cited the tax cut legislation passed in 2017 as a key factor motivating their investments.
J&J’s investment represents a 25% increase compared to the previous four years, with the company estimating that its U.S. economic impact will exceed $100 billion annually. Chairman and CEO Joaquin Duato stated, “Our increased U.S. investment begins with the groundbreaking of a high-tech facility in North Carolina, which will not only create U.S.-based jobs but also produce cutting-edge medicines to treat patients both in America and around the world.”
Johnson & Johnson’s new plant in North Carolina will be located in Wilson, which is situated just east of Raleigh. However, the company has not disclosed the locations of the other three planned facilities. In addition to constructing four new plants, Johnson & Johnson announced plans to expand several of its existing facilities. The company also intends to invest in research and development infrastructure, as well as in advanced technology.
Johnson & Johnson is part of a broader trend of companies increasing their manufacturing investments in the U.S. Earlier this month, Taiwan Semiconductor Manufacturing Co., a major chip producer, announced plans to invest $100 billion in the U.S. This comes on top of the $65 billion investment the company had previously revealed.
In February, Apple also revealed plans to invest more than $500 billion in the U.S. over the next four years. This includes hiring 20,000 new employees and constructing a new server factory in Texas. A key element of Apple’s investment is the development of a new factory in Houston, expected to open in 2026, that will produce servers to support Apple’s AI-driven services, known as Apple Intelligence.
