Johnson & Johnson says it will invest more than $55 billion in the United States over the next four years, including four new manufacturing plants.
Several companies have highlighted investments in the U.S. in recent months, a focus of the Trump administration. J&J rival Eli Lilly and Co. announced in late February that it planned to build four new factories in the U.S. Both Lilly and J&J cited tax cut legislation passed in 2017 as factors in their U.S. investments.
Johnson & Johnson said last Friday that it is a 25% increase in investment compared with the prior four years and estimates the U.S. economic impact will be more than $100 billion a year.
“Our increased U.S. investment begins with the ground-breaking of a high-tech facility in North Carolina that will not only add U.S.-based jobs but manufacture cutting edge medicines to treat patients in America and around the world,” Johnson & Johnson Chairman and CEO Joaquin Duato said in a statement.
The North Carolina plant is in Wilson, just east of Raleigh. The locations of the other three facilities were not disclosed.
Johnson & Johnson said it will expand several existing sites and invest in research and development infrastructure and technology in addition to building four new plants.
Johnson & Johnson’s efforts are among several companies pledging to enhance their manufacturing in the U.S. Earlier this month, chip giant Taiwan Semiconductor Manufacturing Co. said that it plans to invest $100 billion in the U.S. in addition to the $65 billion in investments it had previously announced.
In February, Apple announced it plans to invest more than $500 billion in the U.S. over the next four years, including hiring 20,000 people and building a new server factory in Texas.
Apple outlined several concrete moves in its announcement, the most significant of which is the construction of a new factory in Houston — slated to open in 2026 — that will produce servers to power Apple Intelligence, its suite of AI features.
