Latest

Looking for more information about foreign direct investment, international companies and U.S. competitiveness? Well, we’ve got you covered. Here you can find press releases, letters to policymakers, factsheets and insights on specific topics, as well as company announcements and industry perspectives.

South Korea-Based Samsung Announces Plan For a $17B Facility in Austin, Which Will Create 1,800 Jobs

Samsung Electronics Co. revealed its investment plan in a Texas government filing, and the company is also evaluating alternative locations in New York and Arizona for the advanced chipmaking plant.

TSMC to Invest $35B in a Manufacturing Plant that will Include Six Factories

Taiwan Semiconductor Manufacturing Co. Ltd. bought 1,128 acres in Phoenix for the plant, and it will include manufacturing facilities, administrative support and more. The facility is expected to create many jobs and open in 2024.

Nestlé Commits $1M to the National Restaurant Association Educational Foundation in Support of Young People Pursuing a Future in the Foodservice and Hospitality Industry

Nestlé Professional’s commitment will go towards NRAEF’s ProStart Program, the United States’ leading culinary arts program for high schoolers. Nestlé has supported the Foundation since 2017.

Liberty Utilities to Donate $250K to Customers in Need and Will Also Partner with the United Way

The donation will go to Pine Bluff customers whose plumbing systems need repair from recent freezing weather.

Wipro Ventures Is a Participant in $43M Funding Raised for California-Based Yugabyte, a Cloud-Native Database

Funding brings Yugabyte’s total to $103 million raised and will go towards expanding cloud product offerings to match its increased demand.

Daimler Subsidiary Mercedes-Benz to Partner with Tuscaloosa County EMA to Help People Over the Age of 65 and People with No Internet Access Register for the COVID-19 Vaccine

Mercedes Benz loaned Tuscaloosa EMA a wi-fi hotspot vehicle, which will allow them to host “pop-up” vaccination registration sites across the county.

BAE Systems Wins $58M Contract from Boeing to Produce the F-15 Eagle Passive Active Warning and Survivability System for the US Air Force

The system allows pilots to monitor and deceive threats in the surrounding airspace and uses sensors, industry-leading signal processing and algorithms for radar warnings, geolocation and other capabilities.

Sumitomo Machinery Corporation of America

Sumitomo Corp. of Americas Is One of Lead Investors in Fluid Truck’s Funding Round, Part of $63M of Funding

Fluid Truck is a platform for truck sharing for businesses, and will use this investment from Sumitomo Corporation of Americas, Ingka Investments (the main IKEA retailer) and others to expand the platform and hire new engineering and operations team members with a goal of launching in new markets across the United States.

CGI to Invest $27M in New Operations Center in Knoxville, Creating 300 Jobs

This IT delivery center joins CGI’s expansive U.S. delivery network and will expand clients’ access to support services and solutions. CGI is partnering with University of Tennessee, Knoxville to engage students at this center.

Volvo CE Announces $4.3M Training Center Expansion at Its North American Headquarters in Shippensburg

This addition in Shippensburg, PA is a major investment into Volvo Group’s technical training facilities and programs in North America, and is part of a larger plan to invest in in-person and virtual trainings. This expansion will be a space for new classrooms, labs and other equipment to enhance employee training.

Siemens Energy and Intermountain Power Agency to Partner on a Project Focusing on Intermountain Generating Station in Delta, Utah

The partnership is aimed at analyzing the efficiency and reliability of power supply, free of CO2, and involves large-scale hydrogen production and storage. The study is also set to focus on analyzing aspects of integrating the hydrogen pilot project into present power plants.

SAP Selected by BayPine LP to be Innovation and Strategic Technology Partner

This partnership will support BayPine’s investment activities by providing cloud-based solutions to improve its operating performance. SAP will use its technology to identify digital transformation projects to optimize performance and generate long-term value.

Garmin International’s Autoland System Honored with Editors’ Choice Award from FLYING Magazine

This prestigious award celebrates an aircraft product each year that demonstrates technological advancements and innovation. The Garmin Autoland system is the world’s first certified system that is able to activate during an emergency situation and autonomously land an aircraft without human assistance.

Food Lion Foundation, an Ahold Delhaize USA Company, Donates $3K to Boys & Girls Clubs of Albemarle, Inc.

The Food Lion Feeds Charitable Foundation’s mission is to help feed its neighbors in need. This Boys & Girls Club provides healthy meals and snacks to children facing food insecurity, and this donation will go towards purchasing additional food for children.

Toyota Motor North America Pledges $1M in Relief for Texas Storm Victims

The donation will support both customers and many Texas-based non-profits, such as United Way of Metropolitan Dallas, North Texas Food Bank and more. Toyota Motor North America is headquartered in North Texas, and will offer payment relief options to customers impacted by the storm.

Ahold Delhaize USA Subsidiary, Retail Business Services, Announces $50K Donation to Support Black Education in Honor of Black History Month

The donations are a part of its $5 million commitment in June 2020 to fight for racial equity. Ahold Delhaize and Retail Business Services are continuing to support education and business development within the Black community this month, and year round.

Canada-Based Magna International to Invest $70.1M in St. Clair Facility, Creating Over 300 Jobs

The mobility technology company will use this plant to build battery enclosures to improve vehicle safety. Construction is expected to begin in early 2022.

Germany-Based BMW Relocates and Expands Distribution Center from Dundalk to Sparrows Point

The expanded distribution hub in Sparrows Point, Maryland will create 60 full-time positions and double the size of its current facility. The hub will shorten import and delivery times.

New Name — Same Mission

After 30 years, the Organization for International Investment (OFII) is now the Global Business Alliance. We remain dedicated to promoting and defending a fair economy that welcomes international companies to invest in America.

When America is open for business, we all benefit.

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