Hyundai to invest billions to bring to us production operations

Hyundai’s plans To invest $ 20 billion to bring production operations in the US, the White House official confirmed Fox Business.

Part of the investment from the South Korean automaker will go to the construction of the next generation steel factory. The materials will be used in two of its US factories and 1500 people will work. The rest of the money will be intended to expand the production in the US

Auto -producer is the last number of companies that announce plans to increase investment in the US as part of the Trump administration, which uses tariffs to encourage companies to return production to US soil and reduce dependence on foreign goods.

Apple represents historical investments of $ 500 billion in US production, innovation: “Bychcha in the future”

Emphasizing the mission of the administration, Vice President JD Vance is located on X earlier this month that companies will be awarded for investment and job creation in America.

“We will reduce the rules and reduce taxes. But if you build outside the US yourself,” he wrote.

The news with Hyundai comes only a few weeks after GE Aerospace announced Nearly $ 1 billion in investment To help “strengthen the product and increase the use of new innovative details and materials needed for the future of flight.” GE has said the funds, almost twice as much as last year, will help increase the safety, quality and delivery of engines, using more than two dozen communities in 16 states. GE has said he would also hire about 5,000 American manufacturing and engineering workers.

Car logo in South Korea Hyundai. (Photo by Yurik Nakao / Getty Images / Getty Images)

Eli Lilly by investing $ 27 billion more into US production

In February, Eli Lily announced that she invest an additional $ 27 billion to increase the production of internal drugs, which led to the total amount of investments in the US production to more than $ 50 billion since 2020.

Apple has also announced that over the next five years it commits $ 500 billion, which provides for the creation of an advanced AI server production factory near Houston, as well as double the company’s advanced production fund from $ 5 billion.

The technical giant also plans to create the Academy of Apple ManuFacturing In Detroit, As well as hiring 20,000 new employees with a focus on research and development, silicon, artificial intelligence and machine learning.

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The Taiwan semiconductor production of the company said the deposit of $ 100 billion to the production of semiconductor chips to the US and the shipping giant CGM deposit $ 20 billion in the US and logistics.

Softbank, Damac, Meta And others also sought to invest in the US under Trump. Even Nissan CEO Makoto Uchida suggested that Trump’s tariffs could force the car manufacturer to change production outside Mexico.

Hyundai Motor Company employee is running on the Hyundai Elantra vehicle on the assembly line. (Bloomberg arc via Getty Images / Getty Images)

The administration advertised that “Trump is in a mission to make America’s superpower.” While economist Michael Santa believes that moving more back to the United States is a “decent goal”, he said that “it would take time and will not be without pain.”

“Construction of advanced factories such as FIP Foundries can take years and cost billions of dollars,” Santa said. He said prices could rise in the near future because the US lacks “some people to even build some factories, not to mention them.”

However, he said that “our strength in production is that the US has some of the largest energy resources to provide the nutrition of our” cheap “factories and that” in the future achievements in the field of automation and robotics will allow us to facilitate the staffing deficiency. ”