Openings & Expansions
In August 2026, the manufacturing investment boom continued to heat up. In addition to Micron, Lam Research, Rolls-Royce, and Amkor, six companies including SK Hynix, Stellantis, DeltaX, Genentech, Innio, and Niron Magnetics announced major investments covering semiconductors, automotive, battery energy storage, biopharmaceuticals, and rare-earth permanent magnets, with total investments exceeding several billion dollars.
Lam Research announced the groundbreaking of a new R&D center in Tualatin, Oregon, under the company's $3 billion, five-year global laboratory network investment plan, focusing on advanced AI chip manufacturing. The new facility spans 120,000 square feet, is expected to open in 2028, will boost cleanroom space by over 50%, and create more than 400 job opportunities.
Micron Technology, building on its existing expansion plans in Idaho, has added a $10 billion investment to establish the Micron Research Laboratory. The facility will become the first innovation center in the United States dedicated to memory research, with construction expected to begin in 2027, and will be linked to a global network of research and development sites.
Bristol Myers Squibb will build a $2.3 billion high-tech manufacturing campus in Houston, Texas, producing small molecules, biologics, and antibody-drug conjugates. The 600,000-square-foot facility, expected to create 500 jobs, is part of a broader $40 billion U.S. investment plan through 2030.
Madison Air Solutions announced a $5.4 billion agreement to acquire Ebm-Papst, a Germany-based HVAC manufacturer. The deal is expected to close by end of 2026, with Ebm-Papst projected to generate $2.8 billion in revenue and $343 million in adjusted EBITDA in 2026.
The U.S. Navy has awarded RTX subsidiary Raytheon a $22.9 billion contract to expand Tomahawk missile production, workforce, and supply chain stability over seven years.
SpaceX announced on Thursday that it will invest $16.8 billion in the first phase of its Terafab semiconductor manufacturing project in Grimes County, Texas. The project covers 100 million square feet and, once completed, will produce chips for both SpaceX and Tesla. Construction of the first phase is scheduled to begin this year and is expected to create 3,000 jobs. SpaceX has received $30 million in "deal-closing" incentive funds from the Texas Enterprise Fund.
Hadrian announced a $1.37 billion Series D funding round, reaching a valuation of $7.9 billion. The capital will be used to build new factories, expand R&D and manufacturing capabilities, and plan to increase staffing from 700 to 2,000 employees to strengthen the U.S. defense, aerospace, and industrial systems supply chain.
Recently, multiple manufacturing companies have announced major investment and expansion plans: ADM will invest over $103 million to modernize its headquarters in Decatur, Illinois; BeOne Medicines has launched a $300 million expansion of its West Windsor Innovation Campus in New Jersey; H-One is building a new 300,000-square-foot plant in Texas; Jabil is investing over $119 million to build a new plant in Mississippi; and TTM Technologies has completed a $130 million facility in New York.