23 mega companies promise billions under Trump to build the US economy

President Donald Trump hosted an event at the White House on Wednesday to mark his first 100 days back in office. He mentioned that 23 corporations have each pledged billions of dollars in new investments to improve the state of the American economy. According to the US President, the total figure exceeds $8 trillion. The event featured CEOs and top executives across industries like automotive, tech, pharmaceuticals, energy, shipping, and manufacturing, who all stood alongside Trump as he vowed to implement more “Made in the USA” economic policies. “ This is just the beginning . We are rebuilding America from the ground up ,” Trump proclaimed. Tech and automaker firms promise to invest in the US economy Hyundai global COO José Muñoz confirmed the car manufacturer will make a $21 billion investment. The package includes $5.8 billion for a new steel plant in Louisiana, expected to create at least 1,500 jobs. Trump called the plant “a beauty” and praised the Korean automaker for choosing to manufacture cars in the US. Shipping company CMA CGM, represented by CEO Rodolphe Saadé, announced a $20 billion investment in port and logistics infrastructure. Part of the financial boost includes a new air cargo hub in Chicago. Toyota, led by US CEO Ted Ogawa, committed $88 million to expand hybrid vehicle production at its West Virginia facility. Trump mentioned he had previously visited the plant and described it as “fantastic.” Defense tech startup Anduril, founded by Palmer Luckey and now led by Brian Schimpf, is spending $1 billion to build a facility in Ohio that will focus on autonomous drones and weapons systems. The plant is expected to add thousands of jobs as the company scales up operations. Amazon’s Doug Herrington confirmed the retail and cloud giant will invest $4 billion this year in logistics and data infrastructure, with more expected over the coming years. On the emerging technologies front, IBM CEO Arvind Krishna revealed a $150 billion investment in chip development, artificial intelligence (AI), and research. GE Aerospace’s Larry Culp made a $1 billion investment pledge to upgrade 16 manufacturing facilities across the US. Apple, represented by CEO Tim Cook, promised Trump it is planning to bring its supply chain back to American soil. Energy and infrastructure see multibillion-dollar commitments Venture Global CEO Mike Sabel announced an $18 billion investment in expanding liquefied natural gas operations in Louisiana, backing Trump’s plan to make the US “energy independent.” Siemens USA, represented by Barbara Humpton, revealed $285 million in new investments to expand manufacturing and create nearly 1,000 high-skill jobs. Recycling and packaging leader Pratt Industries, under Australian billionaire Anthony Pratt, pledged $5 billion toward expanding its American footprint. Trump told attendees that Pratt’s presence in the US is a testament to growing domestic demand for sustainable materials and packaging. In the food and agriculture sector, Chobani CEO Hamdi Ulukaya unveiled a $1.7 billion commitment, including $1.2 billion for a dairy plant in New York. Trump quipped that Chobani’s expansion could turn the US into a yogurt exporter. Yvonne Gerard of Bel Brands USA detailed a $350 million plan to grow cheese and snack production, and make all Babybel products sold in the US from domestically sourced milk. Healthcare giants also part of the pledges Healthcare and pharmaceutical companies also unveiled significant investments. Johnson & Johnson CEO Joaquin Duato committed a staggering $55 billion toward new manufacturing and technology upgrades nationwide. Eli Lilly, represented by CEO David Ricks, will spend $27 billion to expand domestic pharmaceutical capacity. AbbVie CEO Rob Michael said the company would invest $10 billion to build four new drug manufacturing plants. Thermo Fisher Scientific, led by Marc Casper, is dedicating $2 billion to scale up production of medical supplies and diagnostics. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Source: Cryptopolitan