Hyundai to invest billions in US to boost manufacturing operations

The White House announced on Monday that Hyundai is planning to invest 20 billion dollars to bring manufacturing operations to the United States.

Part of the investment, which is about $ 5.8 million, will go to building a steel factory from the next generation, which will provide two American factories and will work more than 1,400 people. The rest of the funds will be allocated to expand manufacturing in the United States

President Trump said that companies in Alabama and Georgia “will soon produce more than a million US -made cars every year” due to investment.

Logo from the Southern and Korea Hyundai car manufacturer. (Yuriko Nakao / Getty Images / Getty Images)

The auto industry company is the latest among the increasing number of companies that announce plans to increase investment in the United States under the Trump administration, which uses the customs tariff to encourage companies to re -manufacture to American territory and reduce dependence on foreign goods.

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Trump said: “The cars come to this country at levels that are unprecedented. Preparing. This investment is clear evidence that the customs tariff works strongly,” Trump said.

Vice President JD Vance posted on X earlier this month that companies will be rewarded for investment and created job opportunities in America.

“We will reduce regulations and reduce taxes. But if you are building outside the United States, you are alone,” he wrote.

The news comes from Hyundai a few weeks after the GE Aerospace announcement Almost $ 1 billion is an investment To help “enhance manufacturing and increase the use of innovative new parts and materials needed for the future of the trip.” GE said that the money, which is close to last year’s commitment, will help increase the safety, quality and quality of motors, which benefits more than twenty societies in 16 states. GE said it would also use about 5,000 manufacturing and engineering workers in the United States.

Elie Lily invests 27 billion dollars in the United States manufacturing

In February, Eli Lily announced that it was investing an additional 27 billion dollars to enhance domestic drug production, which raised the company’s total investment in the United States to more than $ 50 billion since 2020. Johnson & Johnson announced an investment of $ 55 billion over a period of four years.

Apple has also announced that it has committed $ 500 billion over the next five years, which will include the construction of an advanced artificial intelligence factory near Houston, in addition to doubling the company’s advanced manufacturing fund from 5 billion dollars to 10 billion dollars.

The technology giant also plans to create Apple Manufacturing Academy In Detroit, In addition to employing 20,000 new employees, focusing on research, development, silicone engineering, artificial intelligence and machine learning.

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The semiconductor manufacturer in Taiwan said it will invest $ 100 billion in the manufacture of US -based semiconductors, the US -based CMM CGM, to invest $ 20 billion in US shipping and logistical services.

SoftBank, Damac, Meta and others also adhered to investing in the United States under Trump’s leadership. until Nissan CEO Makoto Uchida suggested that the Trump tariff can force the car manufacturer to transfer its production outside Mexico.

Hyundai Motor employee works on the Hyundai Elantra on the assembly line. (Dug Cantry / Bloomberg via Getti Imsbon / Tire)

The administration described that “Trump is on a mission to make America the superpower in the world.” While economist Michael Szanto believes that the transfer of more industrialization to the United States is a “goal worth”, he said, “It will take time and will not be without pain.”

“The construction of advanced factories such as the chips causes can take years and cost billions of dollars,” Szanto said. He said that prices may rise in the short term because the United States lacks “some people even building some factories, not to mention their employees.”

However, he said, “Our strength in manufacturing is that the United States has some of the greatest energy resources to operate our factories at a cheap price” and that “in the future in automation and robots will allow us to reduce the shortage of employment.”