Reshoring and New Factories: Latest Plant Announcements in North America

October 22, 2026 | ATN Trade & Finance

The reshoring wave that accelerated after the CHIPS Act and the Inflation Reduction Act is now moving through its construction phase — factories are being built, equipment is being installed, and in some cases, production has already begun. The Reshoring Initiative's 2024 data put announced manufacturing jobs at 244,000 for the year, the third-highest annual total on record, with semiconductors and electrical equipment together accounting for roughly two-thirds of them. The 2025 and 2026 numbers, driven by TSMC's Arizona ramp and the GLP-1 and battery supply chain builds, are expected to be larger. Here is where the most significant projects stand as of this week.

Semiconductors: TSMC's Arizona Buildout Is Real

The defining story of US manufacturing reshoring in 2026 is TSMC's Arizona complex. The company has now committed $265 billion to its US buildout — described by industry analysts as the largest single foreign direct investment in US history. Fab 1, producing at 4nm, has been generating volume output since late 2024, with yields now matching those of TSMC's Taiwan facilities. Fab 2, designed for 3nm, has completed construction and is entering equipment installation; volume production is targeted for 2027. Fab 3 is under active construction, and Fab 4 along with an advanced packaging facility are in preparatory stages. When the full campus is complete, Arizona is expected to hold approximately 30% of TSMC's global 2nm-and-beyond capacity — 12 wafer fabs plus packaging and R&D. TSMC's CFO has flagged that US construction costs run roughly four to five times higher than Taiwan, which he expects to weigh on gross margins by 2–3% initially.

On the chip testing side, NVIDIA has committed a $1.1 billion capacity-reservation advance to KYEC for new US testing facilities, with high-volume production targeted for April 2027 — part of a broader strategy to triple substrate capacity over three years as Blackwell GPU demand accelerates. Intel, meanwhile, has pushed 18A process yields to approximately 85% (from 65% a quarter prior), with Clearwater Forest server CPUs now in early production and plans to manufacture 80–90% of Nova Lake compute tiles in-house. Bosch announced up to $2 billion for a silicon carbide semiconductor facility in Roseville, California, tied to EV powertrain demand, with approximately 700 jobs.

Energy and Grid: Filling the Infrastructure Gap

The AI and electrification buildout requires physical infrastructure — transformers, switchgear, nuclear fuel — and investments across all three are accelerating. Mitsubishi Electric Power Products is celebrating the opening today of a new advanced switchgear factory in western Pennsylvania, adding US-based production of equipment that has faced critical shortages as data center construction outpaces supply. Hitachi Energy broke ground on a $457 million large power transformer facility in South Boston, Virginia, creating approximately 825 jobs — part of a global scramble to expand transformer supply chains that data centers and grid operators describe as a bottleneck to their own expansion timelines. Westinghouse Electric is investing approximately $1 billion in an expansion of its Columbia Fuel Fabrication Facility in Hopkins, South Carolina, building a new commercial nuclear fuel factory with operations expected in 2030 as US utilities move to extend reactor life and new SMR projects approach construction decisions.

On energy storage, DeltaX is building a $141 million battery energy storage manufacturing facility in Monroe, Georgia (~250 jobs), and SEG Solar is investing more than $200 million in a solar module plant in Houston, Texas (up to 800 jobs). Siemens is putting at least $185 million into a low-voltage electrical components facility in Jackson County, Georgia, creating more than 1,400 jobs.

Automotive and EV Batteries: Parallel Investments, Different Bets

The automotive sector is running two tracks simultaneously — combustion engine investment from established OEMs protecting near-term volume, and battery manufacturing from new partnerships betting on the EV transition.

Toyota announced a $3.6 billion investment in its San Antonio, Texas complex for approximately 2,000 jobs in July, continuing its build-out of North American production capacity. GM and Samsung SDI are jointly investing $3.5 billion in a new battery cell plant in New Carlisle, Indiana, targeting 30 GWh of annual capacity for high-nickel prismatic and cylindrical cells — a second battery supply source for GM that diversifies it beyond its Ultium Cells partnership with LG Energy Solution. Hyundai Motor Group's Metaplant America campus in Bryan County, Georgia carries a $5.54 billion commitment to integrate EV and battery production at a single US site. SpaceX and Tesla's Terafab facility in Grimes County, Texas is proceeding through its $16.8 billion first phase with approximately 3,000 jobs tied to semiconductor and advanced technology production.

Life Sciences: The GLP-1 Supply Chain

Pharma manufacturing reshoring is being driven by two forces: supply chain security concerns after the pandemic and the extraordinary demand for GLP-1 injectables. Octapharma is investing $1.5 billion in a plasma-derived therapies facility in Rock Hill, South Carolina (~1,500 jobs). Resilience, in partnership with Eli Lilly, is putting $750 million into a GLP-1 injectable device facility in the Cincinnati, Ohio region (at least 400 jobs) — one of several manufacturing investments Lilly has made to close the gap between its Ozempic and Mounjaro demand and its production capacity. Genentech (Roche) is investing approximately $750 million in an injectable drug device facility in Hillsboro, Oregon (~250 jobs), and STERIS is building a $600 million chemistries manufacturing facility in Sanford, North Carolina (~335 jobs).

Canada: Two Anchor Investments

On the Canadian side, GM Canada is investing C$691 million at its St. Catharines Propulsion Plant in Ontario for production of the sixth-generation V-8 engine, which will power its full-size truck and SUV lineup. Equipment deliveries have begun. Pratt & Whitney Canada is investing C$275 million in its Longueuil, Quebec facility to expand manufacturing operations for aircraft engines, supported by federal Innovation, Science and Economic Development Canada funding and Quebec's economy ministry. Both investments reflect a calculus by major manufacturers that North American production is preferable to offshore sourcing under current tariff conditions — and, in GM's case, that demand for large-displacement truck engines still warrants major capital allocation.

The Constraint: Workers

The aggregate picture is one of extraordinary capital commitment. Across all sectors, announced reshoring jobs in 2024 totalled 244,000 — the third-highest year since tracking began in 2010, and more than three times the pre-2022 average. The cumulative total since 2010 is now above 2 million. But the Reshoring Initiative and workforce analysts consistently note that only about 2% of companies with announced reshoring plans have fully executed them. The constraint is not capital or permits — it is skilled workers. Deloitte and the Manufacturing Institute project a shortfall of up to 1.9 million manufacturing workers by 2033 against 3.8 million positions needed, concentrated in precision machining, semiconductor process engineering, and electrical systems.

What this means: The plants being built today will determine North American industrial capacity for the next two to three decades. The semiconductor and energy infrastructure investments, in particular, are not responding to existing demand — they are building ahead of it, on the bet that AI compute requirements, grid modernization, and EV penetration will generate demand that justifies the siting decisions being made now. For businesses in these supply chains — component suppliers, construction contractors, logistics providers, and workforce developers — the investment pipeline represents a durable source of demand. For those outside these clusters, the reallocation of capital and skilled labor toward semiconductor, battery, and pharmaceutical manufacturing is itself a competitive pressure.

Sources:

Reshoring and New Factories: Latest Plant Announcements in North America

Reshoring and New Factories: Latest Plant Announcements in North America

Leave a comment

Your cart