WASHINGTON (TNND) — The White House is celebrating more than $4 trillion being invested by American companies to increase manufacturing and production on American soil since the start of President Donald Trump’s first term, falling in line with the president’s America First agenda.
Apple, Meta, Amazon and NVIDIA are among the companies listed on a press release from the White House from Wednesday.
President Donald Trump is scheduled to visit Thermo Fisher Scientific in Reading, Ohio, on Wednesday.
Thermo Fisher Scientific, a biotech company, announced it would invest an additional $2 billion over the next four years to enhance and expand its manufacturing operations in the United States.
A total of 12 Artificial Intelligence companies have pledged close to $1.7 billion in investments in the United States.
More than 20 pharmaceutical and biotech companies have invested $375 billion in the United States. Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development and technology.
Roughly 149,000 permanent jobs and 12,000 construction jobs are estimated to be created based upon these investments, the White House touted.
Apple tops the list as the most expensive investment in U.S. manufacturing and workforce training, pledging $600 billion. The company will be creating a manufacturing program to incentivize its suppliers to make their products in the United States.
Meta also pledged $600 billion in investments to support AI technology, infrastructure and workforce expansion in the United States.
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Project Stargate, a company backed by Japan-based Softbank and U.S.-based OpenAI and Oracle, will make a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
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