Today, the White House announced that the United Arab Emirates (UAE) committed to a 10-year, $1.4 trillion “investment framework” in the U.S. that “will substantially increase the UAE’s existing investments in the U.S. economy in AI infrastructure, semiconductors, energy, and American manufacturing.” The UAE commitment comes as Johnson & Johnson said it will spend $55 billion in the U.S. over the next four years on manufacturing, research, and technology investments. As part of the investments, the company plans to build three new facilities, at unspecified locations, and expand other existing sites. The new funds will also support research on medications and robotics, and tech investments to speed drug development. Johnson & Johnson also recently broke ground on a manufacturing facility in Wilson, North Carolina to make cancer and other medicines.
