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

Johnson & Johnson on Friday announced manufacturing, research and development, and technology investments of more than $55 billion in the US over the next four years. The figure is a 25% increase in investment compared to the previous four years, the US-based pharmaceutical company said in a statement.

Johnson & Johnson said it will invest more than $55 billion in the US as President Donald Trump wields the threat of tariffs in a bid to coax major firms to manufacture their products in the country.

Technology company Nvidia will spend hundreds of billions on manufacturing chips and other electronics in the United States, a move that comes as President Donald Trump hikes tariffs for products made overseas.

Nvidia is set to invest hundreds of billions of dollars in US-based chip and electronics manufacturing over the next four years, reported the Financial Times, citing the company’s CEO Jensen Huang. This shift aims to mitigate risks associated with the US President Donald Trump's tariff threats.