How to buy Taiwan Semiconductor Manufacturing Co Ltd (XTSM) in United States

To cash out of Taiwan Semiconductor Manufacturing Co Ltd in United States, the first step is to transfer your tokens to a cryptocurrency exchange that supports withdrawals into fiat currency. Once your Taiwan Semiconductor Manufacturing Co Ltd is deposited into your exchange wallet, you can place a sell order. Depending on the exchange, you may be able to sell Taiwan Semiconductor Manufacturing Co Ltd directly into local currency or first convert it into a widely used cryptocurrency like Bitcoin (BTC) or Tether (USDT) before cashing out.

After completing the sale, your balance will appear in fiat currency within your exchange account. From there, you can withdraw funds through available payment channels such as bank transfers, card withdrawals, or third-party payment providers. The specific options and processing times vary across platforms, so reviewing withdrawal fees, limits, and timelines beforehand is recommended.

Finally, keep in mind that most exchanges require account verification before enabling fiat withdrawals, especially for larger amounts. By ensuring your account details are up to date, you can help avoid delays when transferring funds from your exchange wallet to your personal bank account in United States.

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Is Apple bringing chip manufacturing home? – Computerworld

TSMC doubles down

That’s why it is significant that TSMC confirmed plans to extend its own manufacturing in America. It already has a $165 billion US commitment; now, it is investing an additional $100 billion in four more chip plants — including one dedicated to churning out the company’s most advanced 2nm (and smaller) processors. 

“We believe this investment will help to further foster the development of the US semiconductor ecosystem, strengthen the supply chain, and support an increasing number of high-tech, high-paying jobs in the United States,”  CEO C.C. Wei told analysts.

TSMC has also confirmed plans to invest in packaging facilities for processors, which is basically the process where memory, processor, and networking nodes can all be combined and packaged on the chip. That sort of packaging is needed to make the final SoC chip. That means TSMC factories in the US will be able to churn out the advanced processors used in Apple’s current and, presumably, future devices.

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U.S. manufacturing stalls, held back by durable goods

July 17, 2026 10:06 AM, EDT

Aircraft manufacturing in Renton, Wash. (M. Scott Brauer/Bloomberg)

Key Takeaways:

• U.S. manufacturing production stalled in June, dragged down by a decline in durable goods such as machinery.
• Durable goods declines, including machinery, wood products, electrical equipment and appliances, helped stall factory output despite gains in utilities and mining.
• Capacity utilization at factories fell slightly to 75.7% as renewed U.S.-Iran hostilities raised risks for energy costs and demand.

U.S. manufacturing production stalled in June, dragged down by a decline in durable goods such as machinery.

Factory output, which accounts for three-fourths of total industrial production, was unchanged after an upwardly revised 0.1% increase in May, Federal Reserve data out July 17 showed.

The median estimate in a Bloomberg survey of economists called for a 0.1% advance.

Overall industrial production rose 0.1% for a second month. And output at utilities and mining each increased 0.4%, according to the report.

Within durables, other categories that also declined included wood products, electrical equipment and appliances.

Meanwhile, production of computer and electronic products and defense and space equipment, which both saw strong gains in the two previous months, slowed in June.

June #IndustrialProduction: Total +0.1%, Mfg. +0.0%, Utilities +0.4%, Mining +0.4%; #CapacityUtilization 76.1% https://t.co/nYuGKYaV9g #FedData

— Federal Reserve (@federalreserve) July 17, 2026

The report, showing two months of stagnation, contrasts with other recent data signaling some recovery in manufacturing. But an upturn in energy prices amid renewed hostilities between the U.S. and Iran risks driving up costs and sapping demand.

In the Fed report, capacity utilization at factories, a measure of potential output being used, fell slightly to 75.7%. The overall industrial utilization rate was unchanged.

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US Manufacturing Stocks That Could Benefit Most From New Brazil Tariffs

Tariffs on Brazilian goods are shifting attention back to companies that actually make things inside the United States. With a new 25% tariff on selected imports set to sit on top of an existing 10% duty, some US manufacturers could see a clearer runway against foreign competitors, while others may feel cost pressure in their supply chains. This article looks at 3 stocks from a US Domestic Manufacturing screener that appear closely tied to the latest trade move, exploring how the new rules might help or hurt their positioning and what that could mean for investors watching these companies.

Insteel Industries (IIIN)

Overview: Insteel Industries is a US based manufacturer of steel wire reinforcing products that go into concrete structures such as bridges, parking decks, buildings, drainage systems, and residential slabs, supplying prestressed concrete strand and welded wire reinforcement to concrete product manufacturers, rebar fabricators, distributors, and contractors.

Market Cap: US$581.1m

Investors watching US trade policy may find Insteel Industries particularly interesting, as it sits squarely in the steel reinforcement niche that could benefit when tariffs make competing imports from countries like Brazil more expensive. The company has already been closely involved in anti dumping and countervailing duty cases around PC strand and welded wire reinforcement, and commentary from management shows a deep focus on how tariffs are applied and enforced. At the same time, Insteel is dealing with higher cost offshore raw material, mixed construction end markets and a modest dividend that currently is not well covered by free cash flow. With earnings forecasts and valuation implying room for disagreement between market pricing and analyst expectations, there is more to unpack for investors who want to understand how policy shifts could reshape its earnings profile.

Tariffs may be reshaping the runway for Insteel Industries, but the real tension sits between policy support and its cash flow strain. Get the full context in the 3 key rewards and 1 important warning sign

NYSE:IIIN Revenue & Expenses Breakdown as at Jul 2026

Core Molding Technologies (CMT)

Overview: Core Molding Technologies is a Columbus, Ohio based manufacturer that molds thermoplastic and thermoset structural components for customers in trucks, power sports, building products, industrial equipment, utilities, and other commercial markets across the US, Mexico, Canada, and internationally.

Operations: Core Molding Technologies generates about US$270.9m in revenue from molding thermoplastic and thermoset structural products.

Market Cap: US$212.2m

Core Molding Technologies gives you exposure to advanced composites and engineered materials at a time when tariffs on Brazilian goods are pushing more production towards North American suppliers. The company is investing heavily in capacity and automation, supported by a larger, cheaper credit facility and Mexico expansion. However, recent revenue softness, thin net margins around 3.5%, and reliance on cyclical truck and transportation customers keep execution risk firmly on the table. In addition, insider selling, leadership changes, and its removal from the Russell 2000 mean sentiment is far from one sided. For investors willing to study how these moving parts interact with USMCA rules and new tariff advantages, the full story around Core Molding Technologies could be more interesting than the headline numbers suggest.

Core Molding Technologies looks like a growth story stalled by thin margins and shifting indexes, yet its balance sheet and Mexico expansion raise fresh questions that the Core Molding Technologies financial health report

NYSEAM:CMT Revenue & Expenses Breakdown as at Jul 2026

Sylvamo (SLVM)

Overview: Sylvamo is a Memphis based producer of uncoated printing and writing papers and pulp, selling copy and office paper, digital and inkjet grades, and commercial printing stocks under long established brands such as REY, Berga, Multicopy, Chamex and Hammermill across Europe, Latin America and North America.

Operations: Sylvamo generates about US$0.7b of revenue in Europe, US$0.9b in Latin America and US$1.7b in North America, with a small amount of inter segment sales.

Market Cap: US$1.6b

Sylvamo sits at the center of tariff tensions with Brazil, but in a way that could work in your favor, as a US based producer competing directly with Brazilian paper and pulp that may now face a combined 35% duty into the US market. The company is already using Brazilian output to supply North America and has flexibility to adjust volumes as tariffs change. Efficiency projects such as the Eastover mill investments are intended to support future earnings and cash flow. Set against this are clear pressure points, including recent margin compression, high debt, and a dividend that is not well covered by free cash flow. The key consideration is how tariff support, capacity upgrades and index removal interact over time to reshape the risk reward trade off for Sylvamo shareholders.

Sylvamo’s tariff support, debt load and fragile dividend coverage point to a story that might be mispriced by the market, and the 3 key rewards and 3 important warning signs could reveal the twist investors are missing

NYSE:SLVM Revenue & Expenses Breakdown as at Jul 2026

The three stocks in this article are only a slice of the opportunity, with the full US Domestic Manufacturing screener surfacing 25 more US manufacturers that pair solid fundamentals with equally compelling tariff and reshoring narratives. Use Simply Wall St to identify the catalysts that matter to you, filter for the cash flow, balance sheet and policy angles discussed here, and analyze which companies could become your highest conviction manufacturing ideas.

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By uncovering hidden catalysts and risks early, you’ll accelerate your decision-making and stay one step ahead of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
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US manufacturing output unchanged in June, but accelerates in second quarter

U.S. factory production was unchanged in June, but grew at a robust pace in the second quarter, driven by an artificial intelligence build-up and businesses accumulating inventory in anticipation of shortages and higher prices due to the war in the Middle East.

The flat reading in manufacturing output last month reported by the Federal Reserve on Friday followed an ‌upwardly revised 0.1% ⁠gain in ⁠May. Economists polled by Reuters had forecast production edging up 0.1% after a previously reported unchanged reading in May. Output increased 1.1% year-on-year in June.
It grew at a 4.7% annualized rate in the second quarter, the fastest in five years, after expanding at a 1.4% pace in the January-March quarter.

Businesses are spending heavily on AI, keeping manufacturing, which accounts for about 9.4% of the economy, afloat. Motor ⁠vehicles and parts ‌production rose 0.7% over the month. Though output of computers and peripheral equipment fell 0.5%, it increased 9.2% year-on-year and rose at ⁠a 7.2% rate in the second quarter. Production of communications equipment increased 0.7% in June and grew at a 9.6% rate last quarter.

Output of semiconductors and related electronic components rose 0.5% last month and increased at a 10.2% pace in the second quarter. Production of long-lasting manufactured goods slipped 0.1% over the month, offseting a 0.2% gain in the output of non-durable goods.

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Mining production rose 0.4% last month after increasing 1.1% in May. Energy ‌output increased 0.5%, with oil and gas well drilling rising 0.3%.
Utilities production rebounded 0.4% as higher temperatures boosted demand for air conditioning after dropping 0.7% in May. Overall industrial ⁠production edged up 0.1% last month after rising by the same margin in May. Industrial output increased 1.1% on a year-over-year basis in June. It grew at a 4.0% rate in the second quarter.

Capacity utilization for the industrial sector, a measure of how fully firms are using their resources, was unchanged at 76.1 in June. It is 3.3 percentage points below its 1972-2025 average. The operating rate for the manufacturing sector dipped to 75.7% from 75.8% in May. It is 2.5 percentage points below its long-run average.

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Stryten’s C&D Trojan Deal Expands U.S. Battery Manufacturing

Stryten Energy has agreed to acquire C&D Technologies and Trojan Battery Company in a deal that would increase its U.S. manufacturing capacity and extend its reach across transportation, industrial and backup-power markets.

The companies announced the definitive agreement on July 13, 2026. Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions.

Stryten President and CEO Mike Judd is expected to lead the combined business.

Deal Adds Manufacturing Capacity and New End Markets

Following the acquisition, Stryten expects to operate 15 battery and component manufacturing facilities in the United States, with a combined workforce of approximately 3,700 employees.

The larger production network could give the company more control over manufacturing, component sourcing and supply-chain planning. That may be particularly relevant as customers in infrastructure, defense and transportation place greater emphasis on domestic production and supply availability.

Stryten also plans to increase its capacity for absorbent glass mat batteries. AGM batteries are used in start-stop and hybrid vehicles, telecommunications equipment, data centers and other applications that require reliable backup power.

The transaction would also broaden Stryten’s customer base.

C&D Technologies supplies stationary battery systems for data centers, broadband networks, telecommunications providers, utilities and other critical infrastructure operators. Trojan Battery focuses on deep-cycle products used in golf carts, low-speed electric vehicles, aerial work platforms, floor-care equipment, recreational vehicles and marine applications.

Combining these operations would give Stryten exposure to a wider mix of transportation, motive-power and standby-power demand. Growth in data center construction, warehouse automation, hybrid vehicles and network infrastructure is creating additional demand for batteries, although purchasing decisions in these markets remain heavily influenced by reliability, cost and product availability.

Integration Will Determine the Deal’s Long-Term Impact

The acquisition would also expand Stryten’s international operations. C&D Trojan has manufacturing facilities in Mexico and China, research and development activities in the United States, and commercial offices across Europe and Asia.

That footprint could help the combined company support multinational customers and respond more directly to regional demand. It would also add operational complexity across manufacturing sites, product categories and distribution networks.

Stryten has presented the transaction as an opportunity to speed up product development and serve more applications with both advanced lead and lithium battery technologies. The practical results, however, will depend on how effectively the company integrates the acquired plants, supply chains, brands and sales operations.

Customers and competitors are likely to monitor any changes to product availability, pricing, distributor relationships and investment priorities after the deal closes.

The acquisition also increases Stryten’s exposure to military, government and mission-critical infrastructure customers. A larger domestic manufacturing base could support those markets, but regulatory approval, integration costs and execution risks remain important factors.

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Global packaging company chooses Spartanburg Co. for first U.S. manufacturing facility

SPARTANBURG COUNTY, S.C. (WSPA) — Detpak USA announced Thursday morning it will establish its first U.S. manufacturing operation in Spartanburg County. The global packaging supplier’s multi-million-dollar investment is expected to create more than 50 new jobs during its initial phase.

Detpak is a global packaging supplier that supports quick-service restaurants, food service, fast-moving consumer goods and retail customers. The company is a subsidiary of Detmold Group, an Australian company known for producing premium packaging solutions.

The new production facility will be approximately 175,000 square feet, located at 2781 New Cut Road. This operation is intended to support the company’s North American market growth and will use both imported and locally sourced raw materials from existing suppliers.

The Coordinating Council for Economic Development awarded a $100,000 Set-Aside grant to Spartanburg County. This grant is designated to assist with the costs of building improvements.

Operations for Detpak USA’s new Spartanburg County facility are expected to be online in August 2026. Individuals interested in joining the Detpak team should visit the company’s careers page for more information.

Nikolette Miller is a digital reporter/content producer at 7NEWS. She joined the team in March 2022. She is a native of Spartanburg and a proud graduate of Dorman High School and Winthrop University. You can read more of her work here.

Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 For the latest news, weather, sports, and streaming video, head to WSPA 7NEWS. 

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GoodBulb Brings Lighting Manufacturing Back to the U.S. With the Opening of America’s Only A19 LED Light Bulb Factory

Fargo, United States, July 16, 2026 — Launched alongside America’s 250th birthday, the Fargo-based facility successfully brings production of the everyday light bulb back to domestic soil.

GoodBulb, an American lighting company, officially announces the opening of the only factory in the United States manufacturing A19 LED light bulbs—the standard bulb found in households across the country. Following eight years of research and development, the first American-made GoodBulb LEDs went on sale on July 4, 2026, marking the nation’s 250th birthday.

For over a century, the light bulb was an American innovation. It was engineered, perfected, and mass-produced in the United States. Over subsequent decades, production migrated overseas until one of the most common products in every American home was no longer made within the country’s borders. Major lighting brands attempted to bring LED bulb manufacturing back to the United States but struggled with the process. Citing logistical and economic challenges, these companies abandoned their efforts, publicly declaring domestic LED production to be impossible.

GoodBulb invested eight years into developing and refining a manufacturing process that the broader industry had abandoned. This required mastering the highly specific temperature, humidity, and static controls mandatory for domestic LED production.

The result is a manufacturing facility located in Fargo, North Dakota. Utilizing custom-built automation designed specifically to run in the United States, the factory is capable of producing more than 10,000 bulbs per shift with a lean American workforce.

“The major brands said it couldn’t be done in America, so they sent it overseas. I went the other way,” said Tom Enright, founder of GoodBulb. “I traveled the world to learn how these bulbs are made, then brought together the expertise needed to create something no one else has: the most advanced light bulb production line in the world, custom automation built to run right here in America. Light bulbs are part of our nation’s critical infrastructure. A country should be able to manufacture something as fundamental as its own light. We shouldn’t depend on anyone else to keep the lights on.”

The foundation of GoodBulb extends beyond the factory. After watching his young son overcome a severe health challenge and exceed expectations, Enright was left with a belief that meaningful change is possible. That conviction inspired him to build a company designed to create positive change.

From the beginning, GoodBulb has committed a portion of every sale to providing solar lanterns to families living without reliable electricity, as well as supporting global disaster relief efforts.

As the company grew, Enright recognized the second challenge: the loss of American manufacturing. By committing to domestic production, GoodBulb is proving that products once outsourced can be made in America again.

“We’ve done the hard part. Now we scale what America lost,” Enright added. “The process is documented and repeatable. This is the first line, not the last.”

With its first domestic LEDs shipping from the Fargo facility, GoodBulb invites consumers and businesses to support American manufacturing.

For more information about GoodBulb, its mission, and its American-made A19 LED light bulbs, visit GoodBulb.com.

About GoodBulb

GoodBulb is an American lighting company based in Fargo, North Dakota, and home to the only factory in the United States manufacturing A19 LED light bulbs. Founded in 2015, GoodBulb makes commercial-grade lighting built for long-term reliability. The company funds solar lanterns for families without power and supports disaster relief through every sale. Learn more at GoodBulb.com

Contact Info:
Name: Angelica Pasia
Email: Send Email
Organization: GoodBulb
Website: https://www.goodbulb.com

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Bosch Lands $225M in CHIPS Funding for California Chip Plant

Bosch—a provider of technology and services and the largest automotive supplier in the world according to external rankings—announced a definitive agreement for up to $225 million in direct funding from the Department of Commerce’s CHIPS Program Office. This will support the up to $2 billion Bosch is investing to transform its Roseville, California, site for the production of silicon carbide (SiC) semiconductors, company officials stated in a press release.

The Roseville facility, which has more than 40 years of experience in semiconductor manufacturing, is evolving into a facility that produces and tests SiC semiconductors with state-of-the-art processes and equipment. Bosch also announced it has begun sample production in Roseville as the company intends to produce its first commercial production chips on 200-millimeter wafers based on the pioneering SiC Bosch technology in 2026.

“The start of sample production and our agreement with the Department of Commerce is a milestone in providing our local customers with what they have requested—localized U.S.-based manufacturing,” said Paul Thomas, president and CEO of Bosch in North America. “The production of silicon carbide chips in the United States helps to support supply chain resiliency and capitalizes on the expertise of U.S. manufacturing associates to bring this technology to the U.S. market in a timely manner.”

As part of its investment into U.S. manufacturing at the Roseville site, Bosch has developed a new cleanroom space and high-tech manufacturing line for production of silicon carbide chips. Bosch says that it has accelerated its time-to-market through investment into a long-standing U.S.-based manufacturing facility with highly skilled U.S.-based associates who bring specific semiconductor experience.

Bosch is investing up to $2 billion to transform the Roseville site into a facility that produces & tests SiC semiconductors.

In April 2023, Bosch announced its intention to acquire the assets of the existing wafer fab in Roseville. The acquisition was closed in August 2023, and since that time Bosch has begun to transform the site while also maintaining employment of the existing associates throughout the transformation process. Bosch invested in the further development of Roseville associates through training and collaboration with the Bosch production network.

Bosch has a long-standing commitment to the U.S. and is celebrating its 120th anniversary in the country in 2026, officials said. The company plans to invest up to $7.5 billion over the next five years across its operations in the U.S. as it heads toward its 125th anniversary of U.S. operations in 2031.

“We are focused on growth and investment in the United States in order to increase the share of our global portfolio that is represented by North America and the U.S. specifically,” Thomas said. “The Roseville investment is a key milestone in our 120 years in the U.S.”

Why Silicon Carbide Chips Matter for EV Manufacturing

Silicon carbide chips are becoming foundational in electric and next-generation mobility systems as they handle high voltages, high temperatures and fast switching more efficiently. They also enable automotive manufacturers with a technology that supports consumer choice in the market, as it helps to enable greater range and more efficient recharging in battery-electric vehicles and plug-in hybrid vehicles.

Recently, Bosch announced its third-generation silicon carbide chips that deliver up to 20% higher performance and are smaller than the previous generation. In the near future, Bosch plans to manufacture third-generation silicon carbide chips in Roseville. The new generation helps to enable greater cost efficiency and supports making high-performance electronics more widely available worldwide. Bosch has already delivered more than 60 million SiC chips worldwide since the first generation went into production in 2021.

In addition to mobility applications, silicon carbide also has potential uses in other business sectors, including industrial energy applications for energy consumption effectiveness in data centers. Since SiC chips enable higher-efficiency, higher-power conversion with less heat and smaller components, they’re ideal for supporting rapidly growing AI workloads while reducing energy and cooling demands.

Bosch intends to start U.S.-based commercial manufacturing in 2026, just three years after acquiring the Roseville site.

“Silicon carbide semiconductors are the enabling technology behind the electrification in multiple critical industries, including energy, automotive and defense. The CHIPS Program incentive supports Bosch’s effort to onshore silicon carbide technology that will bolster supply chain resiliency for our country,” said Bill Frauenhofer, executive director for semiconductor innovation and investment at the Department of Commerce.

The Roseville site represents the first semiconductor production site in the United States for Bosch and is one of 20 facilities with manufacturing operations in the U.S. for Bosch across the company’s broad portfolio. Bosch employs around 10,000 associates working in manufacturing operations in the United States. The company has invested significant capital in the U.S. over the past five years, the majority of which is focused on manufacturing, the company said.

In addition, the Roseville site has also been awarded a $25 million California Competes Tax Credit incentive from the Governor’s Office of Business & Economic Development (GO-Biz) to support redevelopment and investment in Roseville.

The Bosch site in Roseville currently employs more than 300 associates, with potential to grow in the future based on market development. Along with advancing the skills of its current associates, Bosch is making local investments to strengthen future semiconductor talent in the United States.

Beginning in 2026, Bosch plans to invest more than $100,000 per year in the Roseville community through the Bosch Community Fund, the regional foundation for Bosch in North America. Since 2024, the Bosch Community Fund has invested $200,000 in grant awards to schools and nonprofits in support of science, technology, engineering and math (STEM) education initiatives, impacting nearly 1,500 students and teachers in the Roseville area.

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Trump Pushes U.S. Defense Firms To Expand Arms Manufacturing Capacity

President Donald Trump is expected to call on top defense executives on Wednesday to ramp up weapons production and expand manufacturing capacity as conflicts in Ukraine and the Middle East put pressure on U.S. stockpiles and reveal weaknesses in the industrial base.

Trump will join a roundtable discussion at a two-day Defense and Innovation Summit hosted by Republican Senator Dave McCormick at the U.S. Army War College in Pennsylvania. The gathering brings together military officials, defense contractors, investors and technology leaders to discuss strengthening U.S. manufacturing and accelerating the delivery of advanced weapons systems.

Faster Innovation and Production

Trump’s appearance underscores a broader focus by the administration on defense production as prolonged conflicts have consumed large quantities of missiles, interceptors and other weapons, while highlighting the limits of the U.S. military supply chain and production capacity. Trump is expected to make several Pennsylvania-based defense investment announcements.

Joint Chiefs of Staff Chairman General Dan Caine urged defense companies on Tuesday to accelerate production and innovation, saying the military needs industry partners to help deliver capabilities faster as warfare evolves.

“What I need you to know, and I know this is simple for me to say, but hard to do, is to go faster. Please go faster. Think bolder,” Caine said.

Broader Industrial Strategy

For Trump, expanding defense manufacturing has become part of a wider economic strategy to revive U.S. industrial capacity, with the Pentagon increasingly viewed as a catalyst for factory investment, advanced manufacturing and domestic supply chains.

In late June, Trump met with munitions makers at the White House to urge the industry to move faster.

United States has supplied large quantities of weapons to allies while also using munitions in its own military operations, raising concerns about inventories of key air-defense and precision-guided weapons and increasing pressure on contractors to boost output. Soaring demand for rocket motors used to power missiles and other weapons has spurred new thinking about supply chains.

Seeking big returns, Silicon Valley-style startups are now taking on defense companies that have long dominated the industry, pulled into the competition by a need for production speed, high volume and lower costs. Legacy solid rocket motor makers Northrop Grumman and L3Harris say they have been pushing their own research and development to pull in new technologies like 3D printing and new mixing technologies.

Michael Duffey, who oversees buying for the Pentagon, told the summit audience that the department is using long-term procurement contracts to give defense companies the confidence to invest billions of dollars in expanding factories, citing roughly $20 billion in private investment tied to plans to boost production of Patriot missiles and other high-demand weapons.

“The global environment now demands that we produce at this scale, at this speed, at this volume,” he said.

(With inputs from Reuters)

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