whatsapp

Johnson & Johnson Announces $55 Billion U.S. Investment Over Four Years

  • 0
  • 697
/media/globaltimesnow_A9PuTCv.com.webp © Image Copyrights Title

New York, U.S. – Johnson & Johnson has announced plans to invest more than $55 billion in the United States over the next four years, marking a 25% increase in domestic investment compared to the previous term. The move underscores the company’s commitment to expanding its manufacturing and research capabilities in the country.

Major Expansion Plans

The pharmaceutical and healthcare giant revealed on Friday that the investment will include the construction of four new manufacturing plants, with the first high-tech facility being built in Wilson, North Carolina, located just east of Raleigh. The company has yet to disclose the locations of the other three planned facilities.

Johnson & Johnson also intends to expand several existing manufacturing sites and enhance its research and development infrastructure. According to company estimates, the economic impact of this investment could exceed $100 billion annually.

Commitment to U.S. Manufacturing

Chairman and CEO Joaquin Duato emphasized the importance of this expansion, stating, “Our increased U.S. investment begins with the groundbreaking of a high-tech facility in North Carolina that will not only add U.S.-based jobs but also manufacture cutting-edge medicines to treat patients in America and around the world.”

This announcement aligns with a broader trend of multinational corporations increasing their manufacturing presence in the United States, amid economic policies encouraging domestic investment.

Industry-Wide Trend

Johnson & Johnson’s expansion follows similar commitments from major global companies. Earlier this month, Taiwan Semiconductor Manufacturing Co. (TSMC) pledged an additional $100 billion investment in the U.S., on top of the $65 billion already announced. Likewise, Apple recently disclosed plans to invest over $500 billion in the U.S. over the next four years, including a new server factory in Houston, Texas, which is expected to open in 2026.

Looking Ahead

With its ambitious investment plans, Johnson & Johnson is positioning itself as a leader in U.S.-based pharmaceutical and healthcare manufacturing. The company’s efforts are expected to create new jobs, enhance technological advancements, and strengthen domestic production capabilities in the coming years.

Further details on the remaining three manufacturing plants and specific research initiatives are anticipated as Johnson & Johnson progresses with its expansion strategy.

Related Posts
© Trump Says He May Extend TikTok Deadline Again if No Deal by June 19

Trump Says He May Extend TikTok Deadline Again if No Deal by June 19

President Donald Trump signaled on Sunday that he is willing to extend the June 19 deadline for ByteDance to divest TikTok’s U.S. operations, as efforts to finalize a deal remain stalled amid rising t...

  • 61
© Trump Orders 100% Tariff on Foreign Films to 'Save' U.S. Movie Industry

Trump Orders 100% Tariff on Foreign Films to 'Save' U.S. Movie Industry

President Donald Trump has announced a 100% tariff on all foreign-made movies, claiming the U.S. film industry is “dying a very fast death” due to aggressive tax incentives offered by other nations....

  • 581
© Oil Prices Face More Pressure as OPEC+ Confirms Supply Hike

Oil Prices Face More Pressure as OPEC+ Confirms Supply Hike

Global oil prices could fall further after OPEC+ confirmed a production increase of 411,000 barrels per day for June — mirroring last month’s surprise hike and signaling a strategic shift within the a...

  • 281
© U.S. Job Market Shows Unexpected Strength Despite Tariff Turmoil

U.S. Job Market Shows Unexpected Strength Despite Tariff Turmoil

The U.S. labor market posted stronger-than-expected job growth in April, defying a turbulent economic backdrop marked by sweeping new tariffs and growing market volatility. According to the Labor Depa...

  • 126
© Tesla’s Sales Plunge Across Europe Amid Rising Chinese Competition and Political Backlash

Tesla’s Sales Plunge Across Europe Amid Rising Chinese Competition and Political Backlash

Tesla Inc. has suffered a dramatic decline in new vehicle sales across several of its key European markets in April, with latest figures revealing a steep 80.7% drop in Sweden—its worst performance si...

  • 148
© Tesla Denies Reports of CEO Succession Plans for Elon Musk

Tesla Denies Reports of CEO Succession Plans for Elon Musk

Tesla has strongly denied reports suggesting that it has contacted headhunting firms to search for a replacement for CEO Elon Musk. The claims, first reported by The Wall Street Journal, suggested tha...

  • 136
© RAK’s Residential Supply Set to Double by 2030: Report

RAK’s Residential Supply Set to Double by 2030: Report

Ras Al Khaimah's (RAK) residential real estate sector is set to witness substantial growth, with its residential supply expected to double by 2030. This increase is driven by rising tourism demand and...

  • 125
© Trump Blames Biden After GDP Shrinks in First Quarter, Says Growth Will 'Take a While'

Trump Blames Biden After GDP Shrinks in First Quarter, Says Growth Will 'Take a While'

President Donald Trump on Wednesday lashed out at his predecessor, former President Joe Biden, after a U.S. government report revealed the economy contracted during the first quarter of 2025. In his s...

  • 136
© Nvidia CEO Jensen Huang Warns China Is ‘Not Behind’ in AI Development

Nvidia CEO Jensen Huang Warns China Is ‘Not Behind’ in AI Development

Nvidia CEO Jensen Huang cautioned on Wednesday that China is not lagging behind the United States in artificial intelligence (AI) development, adding that the gap between the two countries is narrowin...

  • 133
© Global Markets Waver, Oil Prices Slide as Tariff Fears Weigh on Growth Outlook

Global Markets Waver, Oil Prices Slide as Tariff Fears Weigh on Growth Outlook

Global markets opened cautiously on Wednesday as mounting concern over U.S. trade policies and economic weakness put pressure on equities, commodities, and investor sentiment....

  • 135
Commnets 0
Leave A Comment