Tech giants plan to spend billions to construct new plants, data centers | Dump Trucks Charlotte NC
Tech companies are influencing a boom in different types of construction, namely massive data center and manufacturing projects.
Manufacturing construction starts, which include semiconductor plants, electric vehicle factories and food-related production facilities, reached a record $41.6 billion over the last 12 months ending May 2022. That’s 161% more than the 12 months ending May 2021, according to Dodge Data & Analytics. The sector is booming in the U.S. as more and more American companies push to onshore their manufacturing capabilities.
Massive proposed projects by tech giants include Samsung’s $191 billion worth of chip plants in Texas, SkyWater Technology’s $1.8 billion Indiana semiconductor plant and Panasonic’s $4 billion EV battery plant in Kansas, among various other projects in the pipeline listed below.
Data center construction, for its part, reached $1.4 billion through the first three months of 2022, a 29.2% increase from the first quarter of 2021, according to Dodge data. Massive projects in the sector include Meta’s $1.6 billion investment and Google’s data center expansion plans for this year.
Below are a number of major projects in the manufacturing and data center sectors:
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Samsung proposes $191B Texas semiconductor project
By Sebastian Obando • July 25, 2022A critical factor for this potential massive investment in Taylor, Texas, is the passage of the CHIPS Act, currently under consideration by Congress. Read the full article ➔
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Onshoring push continues with $1.8B Indiana semiconductor plant
By Sebastian Obando • July 21, 2022Semiconductor projects remain in high demand in the U.S. as more American companies decide to build domestic manufacturing facilities. Read the full article ➔
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Panasonic to open $4B EV battery plant in Kansas
By Kate Magill • July 20, 2022The new project is one of several underway in the industry to grow U.S. battery production amid increased demand. Read the full article ➔
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Clark breaks ground on data center project in Northern Virginia
By Sebastian Obando • July 20, 2022The two-story steel structure will sit on a 78-acre campus and is slated for completion in the first quarter of 2024. Read the full article ➔
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REIT announces 1.5 million-square-foot data center expansion
By Sebastian Obando • July 15, 2022QTS, with a data center footprint of more than 7 million square feet, announced the expansion to its campus in Henrico County, Virginia. Read the full article ➔
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Chip manufacturers press for federal funding as bill flails in Congress
By Matthew Thibault • June 29, 2022Intel delayed the groundbreaking ceremony on its Ohio facility, pointing to legislative inaction on the $52 billion CHIPS Act. Read the full article ➔
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General Motors aims to make EV charging accessible to apartment residents
By Dan Zukowski • June 29, 2022Working with cities, states and local GM dealers, the automaker wants to solve the challenge of charging access for those who live in multifamily dwellings, the automaker’s EV charging analyst explains. Read the full article ➔
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Samsung picks builder for $17B chip plant in Taylor, Texas
By Julie Strupp • June 22, 2022Mississippi-based Yates Construction will serve as general contractor for the Austin-area semiconductor factory project. Read the full article ➔
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Materials, labor shortages threaten data center construction boom
By Sebastian Obando • June 1, 2022Data center construction has been bursting with opportunity despite supply chain issues and high materials prices. A volatile market could stunt that progress. Read the full article ➔
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Bechtel launches division targeting manufacturing, tech
By Sebastian Obando • May 11, 2022The company's former CFO, Catherine Hunt Ryan, will lead the new unit that eyes markets such as semiconductors, electric vehicles and data centers. Read the full article ➔
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