Trump Effect: J&J Plans $55 Billion US Investment To „Accelerate American Innovation Engine”

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Trump Effect: J&J Plans $55 Billion US Investment To „Accelerate American Innovation Engine”

The latest development in the US onshoring trend—spurred by President Donald Trump—is Johnson & Johnson’s announcement Friday morning of a massive $55 billion investment plan over the next four years to build manufacturing facilities and research infrastructure in the US.

J&J said the $55 billion in research, development, and technology investments represents a 25% increase compared to the previous four years and builds on its elevated US investment trends following Trump’s 2017 Tax Cuts and Jobs Act.

„Today’s announcements accelerate our nearly 140-year legacy as an American innovation engine tackling the world’s toughest healthcare challenges,” Joaquin Duato, Chairman and CEO of J&J, wrote in a press release.

Duato said, „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.”

In addition to the 500,000 square foot, state-of-the-art biologics manufacturing facility in Wilson, North Carolina, which construction is already underway, J&J outlined its investment plans over Trump’s second term:

  • Three new advanced manufacturing facilities and the expansion of several existing sites across the Company’s Innovative Medicine and MedTech businesses that will create high-paying, high-technology jobs. The Company will share further information on these sites once available.

  • Significant investments in extensive R&D infrastructure aimed at developing lifesaving and life-changing treatments in areas such as oncology, neuroscience, immunology, cardiovascular disease, and robotic surgery.

  • Increased technology investments to help make drug discovery and development faster, support workforce training and enhance our business operations.

  • With its increased investment over the next four years, the Company’s US economic impact will build upon its already estimated more than $100 billion per year.

More color on the Wilson factory’s economic benefit to the American worker and surrounding community:

  • Expand our capacity to manufacture next-generation medicines for people living with cancer, immune-mediated and neurological diseases in America and around the world.

  • Support approximately 5,000 jobs during construction and create over 500 positions in North Carolina.

  • Create a $3 billion impact across the state in the first 10 years of operations.

In addition to J&J, in recent days or weeks:

  • Nvidia CEO Will Spend Hundreds Of Billions On US-Made Chips

  • Apple Goes MAGA: $500 Billion Investment Plan In America, 20,000 New Jobs

  • TSMC Intends to Expand Its Investment in the United States to $165 Billion to Power the Future of AI

  • Trump Unveils „Stargate” Project

The rise of US onshoring… This is America First.

Tyler Durden
Fri, 03/21/2025 – 10:40

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