Foreign Direct Investment

Norwegian hydrogen company Nel Hydrogen will build its automated gigafactory in Plymouth Township, Michigan, where it will create 517 jobs.

Guardrails will ensure manufacturing and technology investments made under the CHIPS Act bolster technological and national security of U.S. and its allies and partners.

Bila Solar, a solar-energy startup, will base its United States headquarters, and a manufacturing facility, in Indiana.

In West Virginia, Omnis Fuel Technologies restarted and will expand its Pleasants Power Plant. Plus, a $50M food packaging facility is planned for Berkeley County.

In Georgia, corporate expansion projects will create more than 700 jobs and over $200 million in capital investment in Peach, Candler and Hall counties.

Over the next two years, U.S. chip manufacturer Intel is planning to invest $1.2 billion in Costa Rica, where it employs 3,300 workers.

Daesol Ausys, a company with roots in Korea, will bring more than 140 new jobs to Harris County, Georgia, as part of a $72 million project.

Amazon Web Services plans an $11 billion investment in Virginia to establish two data center campuses in the Technology Overlay District.

The Oklahoma business climate is vibrant with growth of legacy industries like aerospace, invigorated with sectors in more nascent stages.

Critical event management company OnSolve is deepening its commitment to innovation and creating 100 jobs in Bengaluru, accelerating the advancement of its OnSolve Platform.

The company designs, engineers, and manufactures framing components for large-scale LED displays, establishing its first U.S. manufacturing operation in this southeastern state.

The international manufacturer will invest nearly $100 million for a facility that will produce liquid conductive paste for EV batteries and other electronic applications.

Hyundai will invest $290M to upgrade its Montgomery assembly plant; Shinhwa Auto USA will spend $114M to expand its Auburn manufacturing operation.

The Singapore-based company has plans to build a 3-gigawatt factory on a 160-acre site for solar cell and solar panel production.

Once again, the U.S. ranks as the top destination for foreign direct investment, followed by China and Canada, in the 2023 Global Rankings Report.

Hanon Systems will invest $170M in new manufacturing operation in Loudon; truck manufacturer McNeilus will invest additional $25.3M in Murfreesboro expansion.

Italy-based manufacturer Zilmet will invest $32.7 million and create approximately 50 new jobs in Georgetown County, South Carolina.

In this LiveXchange podcast, Rosemary Coates discusses the current state of global manufacturing, possibilities for reshoring and nearshoring, and the rebuilding of domestic supply chains across the U.S.

Vietnam’s largest FDI project ever in the U.S., the Chatham County electric vehicle and batteries manufacturing complex will be VinFast’s first North American EV manufacturing facility.

Expansion projects in the beverage and electric vehicle industries will create total investments of more than $500M at locations in Bartow County and West Point, GA.