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Johnson & Johnson plans $55 billion in US investments over the next four years

Business

Johnson & Johnson plans $55 billion in US investments over the next four years
Business

Business

Johnson & Johnson plans $55 billion in US investments over the next four years

2025-03-21 21:26 Last Updated At:21:30

Johnson & Johnson says it will invest more than $55 billion within the United States over the next four years, including four new manufacturing plants.

A number of companies have highlighted investments in the U.S. in recent months, a focus of Trump administration. J&J rival Eli Lilly and Co. announced in late February that it planned to build four new factories in the U.S. Both Lilly and J&J cited tax cut legislation passed in 2017 as factors in their U.S. investments.

Johnson & Johnson said Friday that it is a 25% increase in investment compared with the prior four years and estimates the U.S. economic impact will be more than $100 billion a year.

“Our increased U.S. investment begins with the ground-breaking of a high-tech facility in North Carolina that will not only add U.S.-based jobs but manufacture cutting edge medicines to treat patients in America and around the world,” Chairman and CEO Joaquin Duato said in a statement.

The North Carolina plant is in Wilson, just east of Raleigh. The locations of the other three facilities were not disclosed.

Aside from building four new plants, Johnson & Johnson said that it will expand several existing sites. The company is also planning to make investments in research and development infrastructure and technology.

Johnson & Johnson's efforts are among several companies pledging to enhance their manufacturing in the U.S. Earlier this month chip giant Taiwan Semiconductor Manufacturing Co. said that it plans to invest $100 billion in the U.S., on top of $65 billion in investments the company had previously announced.

In February Apple announced that it plans to invest more than $500 billion in the U.S. over the next four years, including plans to hire 20,000 people and build a new server factory in Texas.

Apple outlined several concrete moves in its announcement, the most significant of which is the construction of a new factory in Houston — slated to open in 2026 — that will produce servers to power Apple Intelligence, its suite of AI features.

AP Health Writer Tom Murphy contributed to this report.

FILE - A person walks by the Johnson & Johnson headquarters is in New Brunswick, N.J., on Thursday, Feb. 8, 2024. (AP Photo/Ted Shaffrey, File)

FILE - A person walks by the Johnson & Johnson headquarters is in New Brunswick, N.J., on Thursday, Feb. 8, 2024. (AP Photo/Ted Shaffrey, File)

FILE - A Johnson & Johnson logo is seen in Walpole, Mass., Feb. 24, 2021. (AP Photo/Steven Senne, file)

FILE - A Johnson & Johnson logo is seen in Walpole, Mass., Feb. 24, 2021. (AP Photo/Steven Senne, file)

FILE - A sign for Johnson & Johnson Consumer Health is displayed in Flourtown, Pa., Friday, April 28, 2023. (AP Photo/Matt Rourke, File)

FILE - A sign for Johnson & Johnson Consumer Health is displayed in Flourtown, Pa., Friday, April 28, 2023. (AP Photo/Matt Rourke, File)

A Ukrainian drone strike killed one person and wounded three others in the Russian city of Voronezh, local officials said Sunday.

A young woman died overnight in a hospital intensive care unit after debris from a drone fell on a house during the attack on Saturday, regional Gov. Alexander Gusev said on Telegram.

Three other people were wounded and more than 10 apartment buildings, private houses and a high school were damaged, he said, adding that air defenses shot down 17 drones over Voronezh. The city is home to just over 1 million people and lies some 250 kilometers (155 miles) from the Ukrainian border.

The attack came the day after Russia bombarded Ukraine with hundreds of drones and dozens of missiles overnight into Friday, killing at least four people in the capital Kyiv, according to Ukrainian officials.

For only the second time in the nearly four-year war, Russia used a powerful new hypersonic missile that struck western Ukraine in a clear warning to Kyiv and NATO.

The intense barrage and the launch of the nuclear-capable Oreshnik missile followed reports of major progress in talks between Ukraine and its allies on how to defend the country from further aggression by Moscow if a U.S.-led peace deal is struck.

Ukrainian President Volodymyr Zelenskyy said Saturday in his nightly address that Ukrainian negotiators “continue to communicate with the American side.”

Chief negotiator Rustem Umerov was in contact with U.S. partners Saturday, he said.

Separately, Ukraine’s General Staff said Russia targeted Ukraine with 154 drones overnight into Sunday and 125 were shot down.

Follow the AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

This photo provided by the Ukrainian Security Service on Friday, Jan. 9, 2026, shows a fragment believed to be a part of a Russian Oreshnik intermediate range hypersonic ballistic missile that hit the Lviv region. (Ukrainian Security Service via AP)

This photo provided by the Ukrainian Security Service on Friday, Jan. 9, 2026, shows a fragment believed to be a part of a Russian Oreshnik intermediate range hypersonic ballistic missile that hit the Lviv region. (Ukrainian Security Service via AP)

President of Ukraine Volodymyr Zelenskyy, second left, listens to British Defense Secretary John Healey during their meeting in Kyiv, Ukraine, Friday, Jan. 9, 2026. (AP Photo/Danylo Antoniuk)

President of Ukraine Volodymyr Zelenskyy, second left, listens to British Defense Secretary John Healey during their meeting in Kyiv, Ukraine, Friday, Jan. 9, 2026. (AP Photo/Danylo Antoniuk)

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