Johnson & Johnson plans $ 55 billion in American investment over the next four years

Johnson & Johnson says he will invest more than $ 55 billion in the United States in the next four years, including four new manufacturing factories.

A number of companies have highlighted investments in the United States in recent months, an objective of the Trump administration. J & J Rival Eli Lilly and Co. announced at the end of February that it planned to build four new factories in the United States, Lilly and J & J cited the tax reduction legislation adopted in 2017 as factors in their American investments.

Johnson & Johnson said on Friday that it was a 25% increase in investment compared to the previous four years and estimates that the American economic impact will be more than $ 100 billion per year.

Our increased investment in the United States begins with the revolution of a high-tech establishment in North Carolina which will not only add American jobs, but also to manufacture advanced drugs to treat patients in America and worldwide, said President and CEO Joaquin Duato in a press release.

The North Carolina factory is in Wilson, just east of Raleigh. The locations of the other three installations have not been disclosed.

In addition to building four new factories, Johnson & Johnson said it would expand several existing sites. The company also plans to invest in infrastructure and research and development technology.

The efforts of Johnson & Johnsons are one of several companies committing to improving their manufacture in the United States earlier this month, the chip giant, Taiwan Semiconductor Manufacturing Co., said that it planned to invest $ 100 billion in the United States, in addition to $ 65 billion in investments that the company had previously announced.

In February, Apple announced that it planned to invest more than $ 500 billion in the United States in the next four years, including plans to hire 20,000 people and build a new server factory in Texas.

Apple has described several concrete movements in its announcement, the most important of which is the construction of a new factory in Houston which should open its doors in 2026 which will produce servers to feed the Apple Intelligence, its suite of AI characteristics.

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The writer AD Health Tom Murphy contributed to this report.

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