Factory openings and investments in November and December were led by action in the semiconductor, chemicals and solar energy sectors.
Significant investments in manufacturing facilities during the final stretch of 2023 were distributed internationally in countries like Germany and Mexico and across nine U.S. states. The largest investments were chipmaker Amkor’s $2 billion for a semiconductor packaging plant in Alabama and drug maker Lilly’s $2.5 billion investment in a factory in Germany.
Companies revealed multi-million or multi-billion-dollar commitments to boost their onshoring and nearshoring strategies and take advantage of federal incentives, like those offered by the CHIPS and Science Act and Inflation Reduction Act. Many of the new factories will include upgraded technology and automation and expand production capacity to meet growing demand in certain sectors like weight-loss drugs and semiconductors.
Manufacturing Dive compiled at least $9 billion in new manufacturing facility openings in the U.S. or by U.S. companies abroad during November and December. Explore the details of all 14 projects listed below.