financetom
Technology
financetom
/
Technology
/
Factbox-Companies eye US expansion to lessen fallout from tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-Companies eye US expansion to lessen fallout from tariffs
Apr 7, 2025 6:30 AM

(Reuters) -Some companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the costs of President Donald Trump's sweeping tariffs.

Below are some of the plans companies have flagged, in alphabetical order.

CAMPARI

The Italian spirits group is assessing the opportunities to expand its production in the U.S. without losing the essence of its brand portfolio, CEO Simon Hunt said on March 5.

COMPAL ELECTRONICS ( CMPFF )

The Taiwanese contract laptop maker may expand into the U.S. and has spoken to several southern states about a possible investment, CEO Anthony Peter Bonadero said in January, adding that Texas was a leading candidate but no decisions had been made yet.

ESSITY

The Swedish hygiene product and tissue maker could move more of its production into the U.S. from Mexico and Canada if tariffs were introduced, CEO Magnus Groth said on January 23.

HONDA ( HMC )

Honda ( HMC ) has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, three people familiar with the matter told Reuters in March.

HYUNDAI MOTOR ( HYMTF )

The South Korean automaker said on January 23 it planned to further localize production in the U.S. to minimize any tariff impact. It also said it would make hybrid vehicles at its new factory in Georgia.

ILLYCAFFE

The Italian premium coffee maker will look at building a plant in the U.S. if it gets caught up in Trump's tariffs, CEO Cristina Scocchia said on April 1.

INVENTEC

The Taiwanese company, which makes AI servers that use Nvidia chips, has begun evaluating locations for a U.S. investment, favoring Texas due to its proximity to Mexico and power infrastructure, President Jack Tsai said in January.

LAVAZZA

The Italian coffee maker plans to press ahead with its expansion in the U.S. market, the company said on April 3. Lavazza, which produces locally around half of what it sells in the U.S., plans to increase this output to 100%.

LG ELECTRONICS

The South Korean electronics giant is considering moving the manufacturing of refrigerators from Mexico to its factory in Tennessee, which makes washing machine and dryers, a South Korean newspaper reported on January 21.

LVMH

The luxury conglomerate is "seriously considering" bulking up its production capacities in the U.S., CEO Bernard Arnault said on January 28.

NISSAN MOTOR ( NSANF )

The Japanese automaker is considering shifting some domestic production of U.S.-bound vehicles to the United States, business newspaper Nikkei reported on April 5.

SAMSUNG ELECTRONICS ( SSNLF )

The South Korean tech giant is considering moving the manufacturing of dryers from its Mexico plant to its plant in South Carolina, Korea Economic Daily reported on January 21.

STELLANTIS ( STLA )

The Chrysler parent is moving forward with plans to build a new midsize pickup truck in Belvidere, Illinois, it said on January 29.

TSMC

Taiwanese chipmaker TSMC is expanding investment in the U.S. and plans to build five additional chip facilities there in coming years, its CEO said in March.

VOLKSWAGEN

The German carmaker's CFO Arno Antlitz said in January that the group planned to produce more in the United States.

Its Audi brand will expand production in North America with a focus on its most important cars for the U.S. market and will make a decision on where to base itself this year, its CEO said on February 21.

VOLVO CARS

Volvo Cars may move some production to the U.S. depending on tariffs imposed by Trump, its CEO said on March 5.

(Compiled by Tomasz Kanik in Gdansk; Editing by Milla Nissi)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Huawei Technologies reports 13.7% drop in 9-mth profit
Huawei Technologies reports 13.7% drop in 9-mth profit
Oct 31, 2024
BEIJING (Reuters) -Chinese tech giant Huawei reported a drop in net profit despite a jump in revenue on Thursday for the first nine months of the year, a statement to the Shanghai Clearing House showed. The firm recorded a 13.7% drop in nine-month net profit to 62.9 billion yuan ($8.83 billion) for the January-September period, the telecoms giant and smartphone...
US plans $825 million investment for New York semiconductor R&D facility
US plans $825 million investment for New York semiconductor R&D facility
Oct 31, 2024
(Reuters) -The Biden administration on Thursday announced an $825 million investment in a new semiconductor research and development facility in Albany, New York, aiming to boost high-tech manufacturing and reduce reliance on foreign technology. The New York facility will be expected to drive innovation in EUV technology, a complex process necessary to make semiconductors, the U.S. Department of Commerce and...
Protocol Village: Coinbase's Base Adds Fault Proofs, Patching Achilles' Heel of Optimistic Setup
Protocol Village: Coinbase's Base Adds Fault Proofs, Patching Achilles' Heel of Optimistic Setup
Oct 31, 2024
Thursday, Oct. 31Coinbase's Base Adds Fault Proofs, Patching Achilles' Heel of Optimistic SetupThe U.S. crypto exchange Coinbase's layer-2 chain, Base, has enabled fault proofs on the main network, marking a key milestone on our path to decentralization. The announcement comes four months after Optimism — the layer-2 blockchain upon which Base's technology is built — added fault proofs, a core...
Monolithic Power forecasts Q4 revenue above estimates, but shares slump
Monolithic Power forecasts Q4 revenue above estimates, but shares slump
Oct 31, 2024
Oct 30 (Reuters) - Monolithic Power Systems ( MPWR ) forecast fourth-quarter revenue above Wall Street estimates on Wednesday, but guided for a sequential drop in sales as weak end-market demand for EVs potentially hampers sales of its power control products and semiconductors used in vehicles, offsetting AI-linked benefits. Shares of the Kirkland, Washington-based company fell about 9% in trading...
Copyright 2023-2025 - www.financetom.com All Rights Reserved