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U.S. manufacturing construction spending has fallen after peaking in 2024, according to the US Census Bureau.
the last report of the E2 shows that by 2025, companies canceled more than $32 billion in clean energy manufacturing projects due to reduced government incentives and funding cuts, as well as tariff policies.
But at the same time, some industry giants have significantly increased investment in the U.S. Last year, Taiwan Semiconductor Manufacturing Co. announced a $100 billion investment with three new factories, two advanced packaging facilities and an R&D center. Migany, Micron plans revealed for a $200 billion investment in Idaho, New York and Virginia with semiconductor manufacturing plants and an R&D center.
These investments come in part from new federal policies aimed at incentivizing domestic production by making it more expensive to import and hire foreign workers. Other factors include funding from the CHIPS Act, as well as state or local tax credits for job creation.
The announcements are a combination of building new facilities and expanding existing plants. Here are some of the biggest projects that will start or start operating in 2026.
Micro
Product: Memory chips
Overall investment: 200 billion dollars
Locations: Idaho, New York and Virginia
Chronology: Construction on the New York factory began in January
Micron’s memory manufacturing facility in New York broke ground earlier this month, and production at its Idaho site is expected to begin next year.
The company is investing $200 billion in various facilities, with plans to spend $150 billion on fabs and $50 billion on R&D. The project includes two plants in Idaho, four plants in New York and the expansion of its existing manufacturing plant in Virginia.
The project, which aims to produce 40% of the company’s dynamic random access memory in the US, is estimated to create 90,000 direct and indirect jobs.
The announcement was made in partnership with the US Department of Commerce with $6.4 billion in funding through the CHIPS and Science Act.
Samsung Electronics
Product: Semiconductors
Investment: 17 billion dollars
Location: Texas
Chronology: It is expected to become operational in 2026
Samsung’s “minimum initial investment” for a semiconductor manufacturing plant in Taylor, Texas, is said to be the largest foreign investment in the state.
Construction was halted last year due to reduced demand and resumed in mid-2025. The factory is expected to become operational in 2026, and the company estimates the project will create 1,800 jobs within a decade.
Samsung had previously planned a $44 billion investment in Texas, for which it was awarded $6.4 billion in funding under the CHIPS Act. As the company reduced investment to $37 billion, funding was reduced to $4.7 billion.
The project is part of a broader $1 billion expansion in the region, where the company said it has invested more than $47 billion since the 1970s.
stellar
Product: vehicles
Investment: 13 billion dollars
Locations: Illinois, Indiana, Michigan and Ohio
Chronology: The Indiana facility begins production in 2026, others later in the decade
Stellantis is investing $13 billion in the US to expand production by 50% over the next four years.
In Indiana, the company will produce a new four-cylinder engine starting in 2026. In Illinois, there are plans to reopen a facility and begin production of two new Jeep vehicles in 2027.
In Michigan, the project will retool the Warren Truck Assembly Plant for a new range-extended electric vehicle and large SUV that are expected to be ready in 2028. The Detroit assembly complex will produce the next-generation Dodge Durango in 2029.
This is the company’s largest investment in the US and is expected to create more than 5,000 jobs.
Lilly
Product: drugs
Investment: 27 billion dollars
Locations: Alabama, Texas and Virginia
Chronology: The Alabama facility began in 2026
Lilly will begin construction on its $6 billion active pharmaceutical ingredient manufacturing facility in Huntsville, Ala., this year. The plant is part of the company’s $27 billion investment to build four new pharmaceutical production facilities in the United States.
One of the confirmed sites includes a $6.5 billion plant in Houston. This facility is expected to be operational in about five years after the start of construction. The second site is a $5 billion cancer drug facility in Richmond, Virginia, which is also expected to be completed within five years.
Together, the projects are part of the company’s broader investment plan 50 billion dollars in expanding production in the country, which he describes as the largest pharmaceutical investment in US history.
Texas Instruments
Product: Semiconductors
Investment: 11 billion dollars
Location: Utah
Chronology: Construction is expected to begin in 2026
Texas Instruments is investing $11 billion to expand its semiconductor manufacturing with a new 300-millimeter fab in Lehi, Utah.
The new facility will be located next to the company’s existing factory, which it acquired from Micron in 2021.
Production is expected to begin in 2026. About 800 direct jobs and thousands of indirect jobs are expected to be created in the coming years.
Rivian
Product: Electric vehicles
Investment: 5 billion dollars
Location: Georgia
Chronology: Construction begins in 2026
Despite the Trump administration cancel certain incentiveselectric vehicle maker Rivian has begun work on a $5 billion facility in Stanton Springs, Georgia.
Construction is expected to ramp up in 2026, and the 9 million-square-foot site is slated to produce 400,000 vehicles annually by 2028.
The company is slated to receive $1.5 billion in incentives through the state if it creates 7,500 jobs paying at least $56,000 a year on average.
